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NEW YORK - NextEra Energy (NYSE:NEE) reported strong first quarter results that beat analyst expectations, driven by continued growth in its clean energy business on Wednesday.
The company’s stock jumped 2.52% in premarket trading following the earnings release.
The utility giant posted adjusted earnings per share of $0.99 for Q1 2025, surpassing the analyst consensus of $0.91. Revenue came in at $6.25 billion, below estimates of $6.71 billion.
NextEra Energy’s adjusted earnings increased nearly 9% YoY to $2.04 billion, up from $1.87 billion in Q1 2024. The company’s primary growth driver was NextEra Energy Resources, its clean energy business, which saw adjusted earnings rise nearly 10% to $908 million.
"NextEra Energy delivered solid first quarter results growing adjusted earnings per share by nearly 9% year-over-year," said NextEra Energy in a statement.
The company reaffirmed its long-term financial expectations, projecting 6% to 8% annual growth in adjusted earnings per share through 2027. For full-year 2025, NextEra Energy forecasts adjusted EPS of $3.45 to $3.70.
NextEra Energy Resources added approximately 3.2 gigawatts of new renewables and storage to its backlog during the quarter. The company now expects to operate a more than 70 GW generation and storage portfolio by the end of 2027.
Florida Power & Light, NextEra’s regulated utility subsidiary, saw earnings per share increase 7 cents from the prior-year quarter to $0.64. The utility continues to invest in solar energy expansion, with plans to add over 17 GW of solar generation and nearly 8 GW of battery storage over the next decade.
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