Overview
- Analysts highlight the Florida Public Service Commission’s four‑year rate settlement for FPL as boosting earnings visibility, with articles citing EPS compounding near 8% and management reiterating 6–8% adjusted EPS growth guidance through 2027.
- NextEra Energy Resources reports nearly 29.6–30 GW of renewables and storage in its backlog after adding 3 GW in the latest quarter, including record storage origination that supports multi‑year development visibility.
- The planned restart of the Duane Arnold nuclear facility is targeted for commercial return around 2029, with coverage reporting a 25‑year power purchase agreement with Google to deliver firm, 24/7 clean power suited to data‑center needs.
- Authors argue NextEra is positioned to capture rising electricity demand linked to AI data centers, reshoring and electrification, leveraging FPL’s regulated growth and NEER’s large contracted portfolio.
- Reports cite risk factors such as permitting delays, backlog churn, interest rates and wind variability, offset in part by about $37 billion of hedges, diversified cash flows and a modest dividend that some coverage expects to continue growing.