Reported 7 months ago
Shares of NextEra Energy, a Florida utility and renewable power company, decreased by 5.5% following the company's Investor Day event where their mid-term guidance until 2027 fell short of expectations. Despite a projected increase in electricity demand and spending on capital expenditures, investors were disappointed with the forecasted 6-8% growth in earnings-per-share. Even though NextEra is renowned for its performance in the electric utility sector and renewable energy development, its stock trading at 18.8 times the 2027 EPS forecast may have deterred investors with higher growth expectations.
Source: YAHOO