NextEra Energy (NEE) saw its stock jump 5.8% after delivering strong financial results for the fourth quarter and full year 2024, along with updated growth expectations through 2027. The company highlighted its ability to grow dividends annually by around 10% starting at least in 2026.
In addition to solid earnings, NextEra Energy announced a meaningful collaboration with GE Vernova and shared updates on a nuclear plant restart expected by the end of 2028. These developments have further fueled investor interest in the clean energy stock.
The company, a leader in renewable energy and storage, also emphasized its target for adjusted EPS growth between 6% to 8% through 2027. Its businesses, including Florida Power & Light Company and global wind, solar, and battery storage leaders, contributed significantly to its financial success in 2024.
With over 8.7 gigawatts of new renewable and storage projects commissioned last year and a backlog addition of more than 12 GW, NextEra Energy is well-positioned for continued growth. Its commitment to increasing dividend yields and recent strategic initiatives make it a top energy stock to consider for investment in 2025.
Source: https://www.fool.com/investing/2025/01/24/why-nextera-energy-stock-jumped-more-than-5-today