Juno Beach, Florida-based NextEra Energy, Inc. (NEE) generates, transmits, distributes, and sells electric power to its retail and wholesale customers and operates multiple commercial nuclear power units. Valued at $161.05 billion by market cap, the leading clean energy company generates electricity through wind, solar, and natural gas projects. The company owns Florida Power & Light Company, America’s largest electric utility company that sells more power than any other utility, providing electricity to approximately 5.9 million customer accounts or more than 12 million people across Florida.
Shares of this energy giant have underperformed the broader market considerably over the past year. NEE has gained 9.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 17.8%. However, in 2024, NEE stock is up 29.6%, surpassing the SPX’s 11.4% rise on a YTD basis.
