Why NextEra Energy Stock Is Down
Portfolio Pulse from Erica Kollmann
NextEra Energy (NYSE:NEE) shares are down 5.5% after the company reaffirmed its 2024-2026 EPS guidance and issued 2027 targets ahead of its Investor Day event. The company expects adjusted EPS for 2024, 2025, and 2026 to be in the range of $3.23-$3.43, $3.45-$3.70, and $3.63-$4.00, respectively, and introduced a 2027 adjusted EPS range of $3.85-$4.32.
June 11, 2024 | 7:32 pm
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NEGATIVE IMPACT
NextEra Energy shares fell 5.5% after the company reaffirmed its 2024-2026 EPS guidance and introduced 2027 targets. The reaffirmation and new targets may have led to investor concerns about future growth prospects.
The reaffirmation of EPS guidance for 2024-2026 and the introduction of 2027 targets likely led to investor concerns about the company's future growth prospects, resulting in a 5.5% drop in share price.
CONFIDENCE 90
IMPORTANCE 80
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