NextEra Energy (NEE) stock soared 5.03% in pre-market trading on Friday, driven by robust fourth-quarter earnings and optimistic growth prospects in the renewable energy and nuclear power sectors.
The company reported adjusted earnings per share of $0.53 for the fourth quarter, edging past analysts' expectations of $0.52 and marking a year-over-year increase. Although operating revenue fell short of estimates at $5.39 billion, the company reaffirmed its 2025 adjusted earnings per share guidance range of $3.45 to $3.70, in line with consensus estimates.
One of the key highlights was NextEra's announcement of plans to potentially restart operations at the Duane Arnold nuclear power plant in Iowa by the end of 2028. This move comes amid surging demand for power from data centers supporting the development of artificial intelligence, prompting a resurgence of interest in nuclear energy.
NextEra's renewable energy subsidiary, NextEra Energy Resources, also secured new contracts and added 3.3 gigawatts to its backlog for deliveries expected post-2027, underscoring the company's commitment to expanding its clean energy portfolio.
Analysts remain optimistic about NextEra's prospects, with J.P. Morgan highlighting the positive implications of the solid clean energy results. The company's stock has gained 25.7% over the past year, reflecting investor confidence in its growth strategy and positioning in the rapidly evolving energy landscape.
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