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A New Era for Next Era Energy

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Content provided by 7investing. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by 7investing or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

NextEra is North America’s largest electric utility. It generates 58 GW of power every year and distributes it to 13 million people through its Florida Power & Light (FP&L) company in Florida. At a recent stock price of $54, it has a market capitalization of $110 billion. That puts it squarely in the “boring, mega-cap utility” sector of an investor’s portfolio allocation bucket.

Yet there’s an interesting catalyst that’s powering future growth. NextEra has committed to expanding its renewable presence, aggressively building wind farms, solar plants, and battery storage facilities. In 2021, it closed down its last remaining coal power plant in Florida and also installed the world’s largest solar-powered battery storage system.

JT Street and Simon Erickson break down what's powering the next era of NextEra Energy.

  continue reading

450 episodes

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A New Era for Next Era Energy

The 7investing Podcast

60 subscribers

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Manage episode 380324907 series 2714551
Content provided by 7investing. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by 7investing or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

NextEra is North America’s largest electric utility. It generates 58 GW of power every year and distributes it to 13 million people through its Florida Power & Light (FP&L) company in Florida. At a recent stock price of $54, it has a market capitalization of $110 billion. That puts it squarely in the “boring, mega-cap utility” sector of an investor’s portfolio allocation bucket.

Yet there’s an interesting catalyst that’s powering future growth. NextEra has committed to expanding its renewable presence, aggressively building wind farms, solar plants, and battery storage facilities. In 2021, it closed down its last remaining coal power plant in Florida and also installed the world’s largest solar-powered battery storage system.

JT Street and Simon Erickson break down what's powering the next era of NextEra Energy.

  continue reading

450 episodes

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