Renewables Giant NextEra Books Higher-Than-Expected Q1 Earnings

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NextEra Energy Inc (NYSE: NEE) reported on Tuesday an 8.3% annual increase in its adjusted earnings per share for the first quarter, which topped analyst expectations, as the world’s largest wind and solar power generator added more customers to its regulated utilities business and boosted renewables capacity.

NextEra Energy posted 2024 first-quarter adjusted earnings of $1.873 billion, or $0.91 per share, up from $1.678 billion, or $0.84 per share, for the first quarter of 2023. The adjusted EPS for the first quarter of 2024 exceeded the analyst consensus estimate of $0.80 in the Wall Street Journal, as it did in the four previous quarters since Q1 2023.

NextEra Energy owns Florida Power & Light Company (FPL), which is America’s largest electric utility providing electricity to approximately 5.9 million customer accounts, or more than 12 million people across Florida. NextEra Energy also owns a clean energy…

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