NEE
NextEra Energy, Inc.
NEE's fundamentals are strong and it looks cheap: trading at 15x earnings, about half its usual 28x. Analysts expect earnings growth, though they disagree widely on how much.
NEE Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Weak |
NEE's revenue, profitability and cash flow are currently healthy, but its balance sheet is weak.
NEE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 15x | $85.29 | — |
| Cheap | 20x | $109 | +28% |
| Forward | 21x | $85.29 | — |
| Fair | 28x | $158 | +85% |
| Expensive | 50x | $276 | +224% |
Historical ranges are pointers, not guarantees.
NEE's PE is in its cheap range at 15x. On analysts' estimates for next year's earnings, today's price would be 21x.
NEE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Growth | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for NEE, but weaker profitability. However, they disagree widely on these estimates.
NEE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.13 | -26% |
| Q3 2026 | $5.56 | +77% |
| Q2 2026 | $4.46 | +56% |
| Q1 2026 | $3.94 | +48% |
| Q4 2025 | $3.30 | -2.1% |
| Q3 2025 | $3.14 | -6.8% |
| Q2 2025 | $2.86 | -6.8% |
| Q1 2025 | $2.67 | -27% |
| Q4 2024 | $3.37 | -6.4% |
NEE earned $5.56 per share over the past year, up 77% from the year before.
NEE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $8.1B | +9.5% |
| Q2 2026 | $7.5B | +18% |
| Q1 2026 | $6.1B | +1.7% |
| Q4 2025 | $6.1B | +15% |
| Q3 2025 | $7.4B | +10% |
| Q2 2025 | $6.4B | +6.7% |
| Q1 2025 | $6B | +11% |
| Q4 2024 | $5.3B | -5.4% |
NEE's revenue has grown year over year for seven quarters in a row: $8.1B last quarter, up 9.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 32% | -1.8 points |
| Q2 2026 | 30% | -0.1 points |
| Q1 2026 | 36% | -1.4 points |
| Q4 2025 | 26% | +8.3 points |
| Q3 2025 | 34% | -8.5 points |
| Q2 2025 | 30% | +2 points |
| Q1 2025 | 38% | +0.3 points |
| Q4 2024 | 18% | -30 points |
NEE's operating margin was 32% last quarter, down 1.8 points from the same quarter a year ago.
NEE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5B | +25% |
| Q2 2026 | $4.7B | +46% |
| Q1 2026 | $2.6B | -5.6% |
| Q4 2025 | $2.5B | +26% |
| Q3 2025 | $4B | -5.6% |
| Q2 2025 | $3.2B | -19% |
| Q1 2025 | $2.8B | -10% |
| Q4 2024 | $2B | -31% |
NEE's free cash flow has been positive every quarter for seven years: $14.8B over the past year, up 24% from the year before.
NEE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +11.6M shares |
| 1 year | +1.3% | +27M shares |
| 3 years | +3% | +61.4M shares |
| 5 years | +6.3% | +125M shares |
| Available history | +8% | +156M shares |
NEE has 2.1B diluted shares, up 1.3% from a year ago.
NEE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.9x | High |
| Q2 2026 | 6.7x | High |
| Q1 2026 | 6.7x | High |
| Q4 2025 | 6.2x | High |
| Q3 2025 | 6.4x | High |
| Q2 2025 | 6.5x | High |
| Q1 2025 | 6.5x | High |
| Q4 2024 | 6.2x | High |
NEE's net debt is about 6.9 years of its operating earnings (EBITDA), up from 6.3 years a year ago.
NEE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.4 | Neutral |
| Stochastic | 68.6 | Neutral |
NEE's weekly RSI is 52 (neutral) and its Stochastic is 69 (neutral).
NEE PE vs Utilities Sector
| Metric | NEE | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 20x | 25% below |
| PE % | 4 | 44 | 40 pts below |
NEE is trading at 15x earnings, a 25% discount to the Utilities sector's median of 20x.
NEE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $81.0 | 5.3% above |
| 20 week MA | $83.6 | 2% above |
| 50 week MA | $86.6 | 1.5% below |
| 100 week MA | $80.0 | 6.6% above |
| 200 week MA | $75.2 | 13% above |
NEE's trend is mixed: it's above four of its five weekly moving averages, and 13% above its 200-week average.
NEE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $60.6 | $75.0 | +24% |
| 2021 | $75.0 | $90.7 | +21% |
| 2022 | $90.7 | $84.2 | -7.2% |
| 2023 | $84.2 | $60.7 | -28% |
| 2024 | $60.7 | $72.1 | +19% |
| 2025 | $72.1 | $80.4 | +12% |
| 2026 YTD | $80.4 | $85.3 | +6.1% |
NEE has finished higher in four of the last six years. It's up 6.1% so far in 2026.