We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NextEra Energy Hits a 52-Week High on New Wind Projects
Read MoreHide Full Article
NextEra Energy, Inc. (NEE - Free Report) hit a new 52-week high of $168.65 before closing the session a bit lower at $168.08 on Jun 27. Year to date, the stock has returned about 20.1% compared with the Zacks S&P 500 Composite rise of 12.1% and against the industry’s fall of 2.3%.
Over the past 52 weeks, NextEra Energy’s shares have ranged from a low of $138.00 to a high of $168.65. Average volume of shares traded over the last three months is approximately 1.9 million.
What's Driving NextEra Energy?
NextEra Energy delivered an average positive earnings surprise of 3.95% in the past four quarters. For 2019, the Zacks Consensus Estimate for earnings inched up 0.4% to $ 8.33 in the last 60 days. Estimates for 2018 remained unchanged at $7.73 in the same time frame.
NextEra Energy plans to invest in the range of $40.0-$44.0 billion in different projects over the 2017-2020 periods to upgrade and modernize the existing infrastructure. Electric utilities are required to invest consistently as well as undertake maintenance to serve customer base efficiently.
Recently, the company’s subsidiary, NextEra Energy Resources, announced a renewable energy partnership program with AT&T Inc. (T - Free Report) to acquire 300 megawatts (MW) of wind energy from two new wind farms in Wilbarger and Hardeman Counties, Texas. In February 2018, the partnership signed a similar agreement that comprises 520 MW from two wind farms located in Texas and Oklahoma. Cumulatively, these projects will deliver 820 MW of wind power, which will supply electricity to more than 372,000 homes each year. These wind projects are expected to bolster the overall economic growth of the states.
In June, FPL received an approval from The Florida Public Service Commission to buy the City of Vero Beach's electric utility system. This transaction is expected to be completed within Oct 1 and broaden the existing customer base of FPL by 35,000. The deal is likely to improve NextEra Energy’s earnings.
Ameren delivered an average positive surprise of 7.69% in the last four quarters. The Zacks Consensus Estimate for 2018 earnings has moved up 0.7% to $3.04 in the last 90 days.
Otter Tail delivered an average positive surprise of 14% in the last four quarters. The 2018 Zacks Consensus Estimate for 2018 earnings has moved up by a penny to $2.00 in the last 90 days.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Image: Bigstock
NextEra Energy Hits a 52-Week High on New Wind Projects
NextEra Energy, Inc. (NEE - Free Report) hit a new 52-week high of $168.65 before closing the session a bit lower at $168.08 on Jun 27. Year to date, the stock has returned about 20.1% compared with the Zacks S&P 500 Composite rise of 12.1% and against the industry’s fall of 2.3%.
Over the past 52 weeks, NextEra Energy’s shares have ranged from a low of $138.00 to a high of $168.65. Average volume of shares traded over the last three months is approximately 1.9 million.
What's Driving NextEra Energy?
NextEra Energy delivered an average positive earnings surprise of 3.95% in the past four quarters. For 2019, the Zacks Consensus Estimate for earnings inched up 0.4% to $ 8.33 in the last 60 days. Estimates for 2018 remained unchanged at $7.73 in the same time frame.
NextEra Energy plans to invest in the range of $40.0-$44.0 billion in different projects over the 2017-2020 periods to upgrade and modernize the existing infrastructure. Electric utilities are required to invest consistently as well as undertake maintenance to serve customer base efficiently.
Recently, the company’s subsidiary, NextEra Energy Resources, announced a renewable energy partnership program with AT&T Inc. (T - Free Report) to acquire 300 megawatts (MW) of wind energy from two new wind farms in Wilbarger and Hardeman Counties, Texas. In February 2018, the partnership signed a similar agreement that comprises 520 MW from two wind farms located in Texas and Oklahoma. Cumulatively, these projects will deliver 820 MW of wind power, which will supply electricity to more than 372,000 homes each year. These wind projects are expected to bolster the overall economic growth of the states.
In June, FPL received an approval from The Florida Public Service Commission to buy the City of Vero Beach's electric utility system. This transaction is expected to be completed within Oct 1 and broaden the existing customer base of FPL by 35,000. The deal is likely to improve NextEra Energy’s earnings.
Zacks Rank & Stocks to Consider
NextEra Energy carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the same industry are Ameren Corporation (AEE - Free Report) and Otter Tail Corporation (OTTR - Free Report) . The stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Ameren delivered an average positive surprise of 7.69% in the last four quarters. The Zacks Consensus Estimate for 2018 earnings has moved up 0.7% to $3.04 in the last 90 days.
Otter Tail delivered an average positive surprise of 14% in the last four quarters. The 2018 Zacks Consensus Estimate for 2018 earnings has moved up by a penny to $2.00 in the last 90 days.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>