NextEra Energy (NEE)
Market Price (11/3/2025): $81.59 | Market Cap: $168.5 Bil
Sector: Utilities | Industry: Multi-Utilities
NextEra Energy (NEE)
Market Price (11/2/2025): $81.59
Market Cap: $168.5 Bil
Sector: Utilities
Industry: Multi-Utilities
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.6%, Dividend Yield is 2.7% | Weak multi-year price returns 2Y Excs Rtn is -12%, 3Y Excs Rtn is -61% | Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 54% |
| Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 46%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%, CFO LTM is 12 Bil, FCF LTM is 3.1 Bil | Expensive valuation multiples P/SPrice/Sales ratio is 6.4x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 22x | |
| Low stock price volatility Vol 12M is 28% |
| Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.6%, Dividend Yield is 2.7% |
| Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 46%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12%, CFO LTM is 12 Bil, FCF LTM is 3.1 Bil |
| Low stock price volatility Vol 12M is 28% |
| Weak multi-year price returns 2Y Excs Rtn is -12%, 3Y Excs Rtn is -61% |
| Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 54% |
| Expensive valuation multiples P/SPrice/Sales ratio is 6.4x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 22x |
Market Valuation & Key Metrics
NEE Stock
Why The Stock Moved
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NEE Return | 30% | 23% | -9% | -25% | 21% | 16% | 55% |
| Peers Return | 3% | 15% | 11% | 7% | 31% | 22% | 123% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| NEE Win Rate | 50% | 75% | 58% | 42% | 50% | 60% | |
| Peers Win Rate | 50% | 47% | 69% | 55% | 63% | 70% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| NEE Max Drawdown | -25% | -8% | -26% | -40% | -9% | -10% | |
| Peers Max Drawdown | -26% | -11% | -11% | -13% | -7% | -13% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: CEG, SO, DUK, EXC, PCG. See NEE Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/31/2025 (YTD)
How Low Can It Go
| Event | NEE | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -47.2% | -25.4% |
| % Gain to Breakeven | 89.3% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -35.6% | -33.9% |
| % Gain to Breakeven | 55.4% | 51.3% |
| Time to Breakeven | 129 days | 148 days |
| 2018 Correction | ||
| % Loss | -8.8% | -19.8% |
| % Gain to Breakeven | 9.6% | 24.7% |
| Time to Breakeven | 36 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -48.9% | -56.8% |
| % Gain to Breakeven | 95.7% | 131.3% |
| Time to Breakeven | 1572 days | 1480 days |
Compare to CEG, SO, DUK, EXC, PCG
In The Past
NextEra Energy's stock fell -47.2% during the 2022 Inflation Shock from a high on 12/31/2021. A -47.2% loss requires a 89.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Latest Trefis Analyses
Trade Ideas
Select past ideas related to NEE. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 09262025 | PCG | PG&E | Dip Buy | DB | P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin | 6.8% | 6.8% | 0.0% |
| 09052025 | AES | AES | Dip Buy | DB | P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin | 8.6% | 8.6% | -3.2% |
| 05312025 | VST | Vistra | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run | 17.5% | 17.5% | 0.0% |
| 12312023 | NEE | NextEra Energy | Monopoly | MY | Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 18.4% | 21.6% | -9.0% |
| 06302023 | NEE | NextEra Energy | Monopoly | MY | Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -16.9% | -1.6% | -33.1% |
| 12312022 | NEE | NextEra Energy | Monopoly | MY | Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -10.1% | -25.3% | -39.8% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 09262025 | PCG | PG&E | Dip Buy | DB | P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin | 6.8% | 6.8% | 0.0% |
| 09052025 | AES | AES | Dip Buy | DB | P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin | 8.6% | 8.6% | -3.2% |
| 05312025 | VST | Vistra | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run | 17.5% | 17.5% | 0.0% |
| 12312023 | NEE | NextEra Energy | Monopoly | MY | Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 18.4% | 21.6% | -9.0% |
| 06302023 | NEE | NextEra Energy | Monopoly | MY | Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -16.9% | -1.6% | -33.1% |
| 12312022 | NEE | NextEra Energy | Monopoly | MY | Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -10.1% | -25.3% | -39.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for NextEra Energy
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 87.72 |
| Mkt Cap | 100.1 |
| Rev LTM | 25,560 |
| Op Inc LTM | 6,069 |
| FCF LTM | -1,661 |
| FCF 3Y Avg | -2,590 |
| CFO LTM | 9,033 |
| CFO 3Y Avg | 7,730 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.7% |
| Rev Chg 3Y Avg | 6.4% |
| Rev Chg Q | 6.4% |
| QoQ Delta Rev Chg LTM | 1.7% |
| Op Mgn LTM | 22.8% |
| Op Mgn 3Y Avg | 21.2% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 33.8% |
| CFO/Rev 3Y Avg | 29.9% |
| FCF/Rev LTM | -6.3% |
| FCF/Rev 3Y Avg | -10.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 100.1 |
| P/S | 3.3 |
| P/EBIT | 11.5 |
| P/E | 21.6 |
| P/CFO | 9.6 |
| Total Yield | 6.9% |
| Dividend Yield | 1.8% |
| FCF Yield 3Y Avg | -5.0% |
| D/E | 0.8 |
| Net D/E | 0.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.4% |
| 3M Rtn | 7.5% |
| 6M Rtn | 4.5% |
| 12M Rtn | 12.1% |
| 3Y Rtn | 43.3% |
| 1M Excs Rtn | 0.5% |
| 3M Excs Rtn | -3.9% |
| 6M Excs Rtn | -15.8% |
| 12M Excs Rtn | -6.8% |
| 3Y Excs Rtn | -32.8% |
Comparison Analyses
Returns Analyses
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10282025 | 10-Q 9/30/2025 |
| 6302025 | 7232025 | 10-Q 6/30/2025 |
| 3312025 | 4232025 | 10-Q 3/31/2025 |
| 12312024 | 2142025 | 10-K 12/31/2024 |
| 9302024 | 10232024 | 10-Q 9/30/2024 |
| 6302024 | 7242024 | 10-Q 6/30/2024 |
| 3312024 | 4232024 | 10-Q 3/31/2024 |
| 12312023 | 2162024 | 10-K 12/31/2023 |
| 9302023 | 11072023 | 10-Q 9/30/2023 |
| 6302023 | 7262023 | 10-Q 6/30/2023 |
| 3312023 | 4262023 | 10-Q 3/31/2023 |
| 12312022 | 2172023 | 10-K 12/31/2022 |
| 9302022 | 11032022 | 10-Q 9/30/2022 |
| 6302022 | 7272022 | 10-Q 6/30/2022 |
| 3312022 | 4222022 | 10-Q 3/31/2022 |
| 12312021 | 2182022 | 10-K 12/31/2021 |
Insider Activity
Expand for More| Owner | Title | Filing Date | Action | Price | Shares | Transacted Value | Value of Held Shares | Form | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | Lemasney Mark | EVP Power Generation Division | 10022025 | Sell | 77.90 | 808 | 62,943 | 658,956 | Form |
| 1 | Lemasney Mark | EVP Power Generation Division | 9152025 | Sell | 71.90 | 846 | 60,827 | 727,125 | Form |
| 2 | Dunne Michael | EVP, Finance & CFO | 9092025 | Sell | 70.79 | 10,000 | 707,900 | 4,393,511 | Form |
| 3 | Coffey Robert | EVP, Nuclear Div & CNO | 7292025 | Sell | 71.84 | 7,500 | 538,800 | 1,906,562 | Form |
| 4 | May James Michael | Treasurer and Asst. Secretary | 7232025 | Sell | 77.50 | 2,177 | 168,718 | 2,143,805 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.