NextEra Energy (NEE) stock fell on Friday following the release of the energy company’s Q4 2024 earnings report. That starts with adjusted earnings per share of 53 cents, which matches Wall Street’s estimate for the quarter. It also represents a slight improvement over the 52 cents per share reported in Q4 2023. Unfortunately, NextEra Energy’s revenue of $5.39 billion for Q4 2024 greatly missed analysts’ estimate of $7.77 billion, despite increasing 2.08% year-over-year from $5.28 billion.
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NextEra Energy Resources, the company’s renewable energy division, held back the Q4 earnings report. It reported a net loss of $442 million during the quarter compared to net income of $885 million at the same time last year. Florida Power & Light’s net income of $845 million in Q4 also didn’t help. Yet again, this is a year-over-year drop in net income compared to $1.146 billion.
The lackluster Q4 earnings report weighed on NEE stock today, sending the shares 1.78% lower in pre-market trading. That expanded a 3.43% drop year-to-date but shares are still up 22.88% over the last 52 weeks.
NextEra Energy Maintains 2025 Guidance
NextEra Energy reaffirmed its 2025 guidance in its most recent earnings report. The company expects adjusted EPS to range from $3.45 to $3.70, as compared to Wall Street’s estimate of $3.68. That doesn’t look good for the company with a midpoint of $3.58. It also includes 2026 and 2027 EPS guidance of $3.63 to $4.00 and $3.85 to $4.32.
Is NEE Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for NextEra Energy is Moderate Buy based on seven Buy and five Hold ratings over the last three months. With that comes an average price target of $84.36, a high of $96, and a low of $73. This represents a potential 21.85% upside for NEE shares. These ratings and price targets will likely change as analysts update their coverage.
