BUZZ-NextEra Energy rises after Q4 results

Reuters
01-24
BUZZ-NextEra Energy rises after Q4 results

Updates

** Shares of utility firm NextEra Energy NEE.N pare premarket losses, now up 4% at $72.02

** Company posts Q4 adj earnings of 53 cents per share in line with analysts' estimates - data compiled by LSEG

** NEE's renewable business, NextEra Energy Resources (NEER), reports Q4 loss of $442 mln compared with a net profit of $885 mln a year ago

** Company says NEER has secured new contracts, adding 3.3 gigawatts (GW) to its backlog, deliveries expected post 2027

** "We view solid clean energy results as a positive, noting that the non-core assets represent lower multiple earnings" - J.P. Morgan

** Company records Q4 revenue of $5.39 bln vs est of $7.07 bln - data compiled by LSEG

** Stock was up 25.7% in 2024

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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