Juno Beach, Florida-based NextEra Energy, Inc. (NEE) generates, transmits, distributes, and sells electric power to retail and wholesale customers across North America. Valued at $150.4 billion by market cap, NextEra generates electricity through wind, solar, nuclear, natural gas, and other clean sources. The utility giant is expected to announce its second-quarter results on Wednesday, Jul. 23.
Ahead of the event, analysts expect NextEra to announce a non-GAAP profit of $1.03 per share, up a notable 7.3% from $0.96 per share in the year-ago quarter. Moreover, the company has a solid earnings surprise history. NextEra has surpassed the Street’s earnings expectations in each of the past four quarters.
For the full fiscal 2025, NextEra is expected to deliver an adjusted EPS of $3.68, representing a 7.3% increase from $3.43 in fiscal 2024. Furthermore, this figure is expected to surge 7.9% year-over-year to $3.97 in fiscal 2026.
NEE stock has inched up 3.6% over the past 52-week period, lagging behind the S&P 500 Index’s ($SPX) 13% gains and the Utilities Select Sector SPDR Fund’s (XLU) 19.4% surge during the same time frame.
NextEra’s stock prices observed a marginal uptick after the release of its better-than-expected Q1 results on Apr. 23. Due to moderation in natural gas rates in the previous fiscal, the company’s topline observed a notable drop in 2024. However, in Q1, its operating revenues increased 9% year-over-year to $6.3 billion, and its adjusted net income for the quarter increased 8.8% year-over-year to more than $2 billion, surpassing the Street’s expectations. Moreover, the company continued to generate solid operating cash flows and maintained an elevated level of capital expenditure during the quarter.
The stock holds a consensus “Moderate Buy” rating overall. Of the 21 analysts covering the NEE stock, 12 recommend “Strong Buys,” eight suggest “Holds,” and one advocates a “Strong Sell” rating. Its mean price target of $80.95 represents a 10.9% upside potential from current price levels.
