NextEra Energy (NEE) Drops 6% as Strong Performance Long Priced In

We recently published Wall Street’s 10 Worst Performing Stocks. NextEra Energy, Inc. (NYSE:NEE) is one of the worst performers on Wednesday.

NextEra Energy saw its share prices decrease by 6.09 percent on Wednesday to close at $72.82 apiece, despite reporting better earnings, as investors appeared to have already expected and priced in a strong performance during the period.

Based on its earnings presentation, NextEra Energy, Inc. (NYSE:NEE) achieved a 25-percent increase in attributable net income during the second quarter of the year, at $2.028 billion versus $1.622 billion in the same period last year. This represented earnings per share of $0.98 versus $0.79 year-on-year.

“We believe we are well positioned to continue delivering for our customers and shareholders and will be disappointed if we are not able to deliver financial results at or near the top of our adjusted earnings per share expectations ranges in each year through 2027, while maintaining our strong balance sheet and credit ratings,” said NextEra Energy, Inc. (NYSE:NEE) President and CEO John Ketchum.

For the full year, NextEra Energy, Inc. (NYSE:NEE) said outlook guidance remained unchanged, with adjusted EPS still expected to settle anywhere between $3.45 and $3.70.

The company also expected to grow its dividends at a roughly 10 percent rate per year through 2026.