NextEra Energy, Inc. (NEE) Stock

NextEra Energy, Inc. (NEE) is a Utilities stock trading at $88.01 (as of 2026-07-20), with a market capitalization of $183.50B and a trailing P/E of 22.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

NextEra Energy, Inc., through subsidiaries, generates, transmits, distributes, and sells electric power in North America to retail and wholesale customers. It operates and develops generation from wind, solar, nuclear, coal, and natural gas, and also provides electric transmission and distribution services in Florida while selling energy commodities and owning long-term contracted energy and infrastructure assets.

Understand NextEra Energy, Inc.: how it makes money

NextEra Energy generates, transmits, and distributes electric power in North America, using wind, solar, nuclear, coal, and natural gas, and it also develops and operates long-term contracted clean energy and transmission assets, plus it sells energy commodities.

The profit model is built around selling electricity and energy commodities, while also adding more contracted cash flow from long-term clean energy solutions (renewable generation, battery storage, and electric transmission) that it develops, constructs, and operates.

Business quality (Solid): Clear business scope across power generation, wires (transmission and distribution), and contracted clean energy solutions, but there is no official segment breakdown or operating KPI provided here, which limits how precisely investors can track what drives quarter to quarter results.

Valuation: At 22× earnings, NEE trades in line with the Utilities average (22×). Note: one-time items can distort reported P/E.

Bull case

More earnings stability from long-term contracted clean energy and transmission assets: The company develops, constructs, and operates long-term contracted assets, including renewable generation facilities, battery storage projects, and electric transmission facilities.
Diversified generation sources: Electricity generation uses wind, solar, nuclear, coal, and natural gas facilities, which can spread risk across different power sources.

Bear case

Exposure to swings in energy commodity markets: The company sells energy commodities, so results can be affected by market conditions for those commodity sales.
Execution and performance risk in contracted and project-based activities: Because it develops, constructs, and operates long-term contracted assets (renewables, battery storage, and transmission), delays or underperformance in these assets could pressure results.

Valuation — source: SEC EDGAR (first-party)
Price	$88.01
Market Cap	$183.50B
P/E Ratio	22.4
EV / EBITDA	18.5
Price / Book	2.75
Price / Sales	7.08
DCF Value (model)	$172.51
DCF Upside vs Price	96.0%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$25.80B
Net Margin	26.5%
Revenue Growth (YoY)	1.7%
EPS Growth (YoY)	156.1%

Financial Health — source: SEC EDGAR
Altman Z-Score	1.18 (distress)

Valuation vs Sector & Industry
Stock P/E	22.4
Sector P/E (Utilities)	21.6
Industry P/E (Utilities)	21.0
vs Sector	4.0%
vs Industry	6.6%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Insider Sells (12mo)	9
Top Institutional Holder	VANGUARD GROUP INC ($17.34B)
Institutional Holders Tracked	10
Congressional Trades (recent)	10

Company
Sector	Utilities
Industry	Utilities
CEO	John W. Ketchum
Employees	16,800
Country	US
IPO Date	2014-06-19

Related Companies (Business model: Regulated Utility (Electric / Gas); 8 closest by market cap; US-domiciled)

Data as of 2026-07-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.