43 min listen
A New Era for Next Era Energy
ratings:
Length:
23 minutes
Released:
Oct 19, 2023
Format:
Podcast episode
Description
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.
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Send in a voice message: https://podcasters.spotify.com/pod/show/7investing/message
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.
---
Send in a voice message: https://podcasters.spotify.com/pod/show/7investing/message
Released:
Oct 19, 2023
Format:
Podcast episode
Titles in the series (100)
Has the Market Recovered Too Quickly? What Should Investors do Now? by The 7investing Podcast