NextEra Energy

NEE

Regulated Electric · Utilities

Price

$88.80

-0.55 (-0.62%)

Market Cap

$185.20B

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Share count rising — dilution

+5.9% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 1.97B (2021) → 2.09B (2025)

NextEra Energy is one of the largest electric utility companies in the United States. It has two main parts: Florida Power & Light, which delivers electricity to about 12 million people in Florida, and NextEra Energy Resources, which builds and operates wind and solar power plants across North America. It is the largest producer of wind and solar energy in the world.

NextEra makes money by selling electricity to homes, businesses, and other utilities under long-term contracts and regulated rates set by government agencies. It operates mainly in the United States and Canada, with a market value of around $181 billion, making it one of the most valuable utility companies anywhere. Its regulated Florida business provides steady, predictable income, which is a key competitive advantage. The main risk is rising interest rates, since NextEra borrows heavily to fund large construction projects, and higher borrowing costs can squeeze profits and slow its renewable energy expansion plans.

Winston Score History

Politician Trades

20 trades / 12mo

11 Congressional buys and 9 sells on NEE in the last 12 months.

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Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+11.4% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+156.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

0.2%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~10 months

$2.0B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

NextEra Energy has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

80.9%

Premium pricing power — 80.9% gross margin

Operating Margin

31.7%

Excellent — 31.7% operating margin

ROCE

1.4%

Weak — 1.4% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

+11.6%

Steady sales growth (11.6% YoY)

EPS YoY

+47.4%

Earnings growing fast (47.4% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency

8/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Cash Conversion

151%

Turns 151% of profit into real cash

FCF Margin

8.4%

Modest free cash flow (8.4%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity

1.89

Elevated debt (1.89)

Interest Cover

2.01x

Tight — interest eats into profit (2.0x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

P/E Ratio (TTM)

22.5x

Growth-priced — P/E 22.5

P/E above the market average. People are paying up for expected growth.

P/E vs Forward

+4.0

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (22.5 → 18.5)

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Dividends

Dividend Yield

2.69%

Moderate income — 2.69% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth

+10.0%

Dividend growing fast (10.0% YoY)

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