fbpx
Main Navigation
Sections
Social Media Connect
Our Other Brands
  • Lifestyle Media Group Logo
  • Tampa Bay Business & Wealth Magazine Logo
South Florida Business and Wealth
South Florida Business & Wealth
Columnists

NextEra Energy could be first $100 billion utility

| SFBW Staff
NextEra Energy is a leader in solar and wind generation

My brokerage account describes NextEra Energy (NYSE: NEE) as a “very large cap” stock with $87.47 billion in stock market capitalization.

Yup, that’s big, but now there is conjecture about whether the parent of Florida Power & Light could be the first $100 billion market capitalization utility company. (Market capitalization is the share prices times the number of shares.)

Argus Research raised its price target to $200 from $190 and said it was a “buy.” NEE was trading at $183.10 on Feb. 12. One of my brokerage accounts has an overall “hold” rating on the stock, but notes it has risen 6.88 percent since it was upgraded 32 days ago from hold.

Credit Suisse and The Street rate NEE outperform and buy, respectively.

That big round number would be a milestone for NEE, which is generally regarded as one of the best managed utilities in the nation. Moreover, NEE is the nation’s largest generator of solar and wind power.

NEE’s home page has some interesting facts about the company:

  • Fortune rates it among the top 20 companies in the world for innovation.
  • NEE plans $40 billion in U.S. infrastructure investments through 2020.
  • It’s had a 98 percent reduction in dependency on foreign oil since 2001.
  • It has had a 221 percent shareholder return over the last decade.

It’s likely that NEE will be getting more ink from stock analysts. Members of the company’s senior management team are scheduled to participate in various investor meetings and conferences through February, a Feb. 1 press release said. They plan to discuss, among other things, long-term growth rate expectations for NextEra Energy and NextEra Energy Partners.

Here’s how the company describes itself in the press release:

NextEra Energy is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns two electric companies in Florida: Florida Power & Light Company, which serves more than five million customer accounts in Florida and is the largest rate-regulated electric utility in the United States as measured by retail electricity produced and sold; and Gulf Power Company, which serves more than 460,000 customers in eight counties throughout northwest Florida.

NextEra Energy also owns a competitive energy business, NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world’s largest generator of renewable energy from the wind and sun and a world leader in battery storage. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin.

A Fortune 200 company and included in the S&P 100 index, NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity. NextEra Energy is ranked No. 1 in the electric and gas utilities industry on Fortune’s 2019 list of “World’s Most Admired Companies” and ranked among the top 25 on Fortune’s 2018 list of companies that “Change the World.” For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.GulfPower.com, www.NextEraEnergyResources.com.

 

You May Also Like
Stephen Garber
Reaching Out
December 16, 2020
More Columnists Posts
State Legislature Drops the Job Growth Ball
 |  Drew Limsky

By Gary Press   With Florida facing historically high unemployment because of the COVID-19 pandemic, one would think our state government would be pulling out all of the stops to

Read More
Rethinking Sales Today
 |  Greta Schulz

Today, more organizations increasingly are facing more competition, rapidly changing technology, slower market growth and less product differentiation. This trend requires business development professionals to manage more accounts, build stronger

Read More
The Future of the Office
 |  Frank Papandrea

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column width=”2/3″][vc_column_text] As I talked to my many office tenants in the first few weeks of the national shutdown, they were pleasantly surprised

Read More
Is your sales manager managing time well?
 |  Greta Schulz

Is your sales manager balancing priorities properly? How do you know? Today a big question faced by most executives is, what is my sales manager doing and what should he

Read More
Other Posts
And Justice For All
 |  Frank Papandrea

By Monica St. Omer   Monica St. Omer has been working with me for eight years. She is my right-hand but so much more. She is a wonderful soul who

Read More
Keeping us connected
 |  SFBW Staff

As a company that doesn’t directly serve the general public, SBA Communications might be called the quiet giant of the South Florida business scene even thought it’s on the S&P

Read More
Lessons learned
 |  SFBW Staff

As I write this column, South Florida has yet to enter into a phase one reopening, lagging the rest of the state. I hope readers and their businesses are negotiating

Read More
The Unseen Enemy
 |  SFBW Staff

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column width=”2/3″][vc_column_text] As I wrote my column in March for the April issue, the COVID-19 virus was just starting to wreak havoc in

Read More

Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.