News about NEE

Over the six months to October 15, NextEra Energy and Duke Energy returned -13.29% and -6.77%, respectively. Both utilities stand to benefit from rising electricity demand, including from data centers, but the article says NextEra has more growth avenues through renewables, battery storage and Florida Power & Light (FPL), where large-load demand expectations rose from 6 GW to 8 GW by 2032 and its renewable and storage backlog reached about 35.1 GW. Duke has secured 7.8 GW of electric service agreements with data center customers and reaffirmed annual EPS growth of 5% to 7% through 2030, with second-quarter adjusted EPS rising to $1.43 from $1.25. Both companies face heavy capital spending and risks from interest rates, project delays and regulatory decisions. NextEra trades at 17.31x trailing and 17.73x forward earnings, while Duke trades at 17.19x and 15.95x.