Governors Wind Energy Coalition
NextEra backs Biden’s clean energy push as renewables power profit Source: By Reuters • Posted: Sunday, April 25, 2021
NextEra Energy Inc (NEE.N) will back the U.S. government’s push for utilities to tap carbon-free sources, the country’s most valuable electricity provider said as capacity growth in renewable energy pushed its quarterly profit above expectations.
A clean energy standard would put the country on course to deliver on President Joe Biden’s campaign promise to decarbonize the power sector by 2035, an aggressive goal that U.S. utilities have supported thanks to the low cost of renewables like wind and solar. read more
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NextEra Energy Falls on Mixed Quarterly Results
NextEra topped analysts earnings estimates but missed on revenue.
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NextEra Energy Inc. (
NEE) - Get Report shares dropped Wednesday after the company reported mixed first-quarter results for its March quarter before the open.
The Juno Beach, Florida-based green energy power company reported first quarter earnings of 67 cents per share on revenue of $3.7 billion. Analysts were expecting earnings of 61 cents per share on revenue of $4.84 billion. After a strong start to the year, we remain as enthusiastic as ever about our long-term growth prospects, and we will be disappointed if we are not able to deliver financial results at or near the top end of our adjusted earnings per share expectations ranges in 2021, 2022 and 2023, said NextEra CEO Jim Robo.