BUZZ-NextEra Energy rises after Q4 results

Updates

Shares of utility firm NextEra Energy NEE.N pare premarket losses, now up 4% at $72.02

Company posts Q4 adj earnings of 53 cents per share in line with analysts' estimates - data compiled by LSEG

NEE's renewable business, NextEra Energy Resources (NEER), reports Q4 loss of $442 mln compared with a net profit of $885 mln a year ago

Company says NEER has secured new contracts, adding 3.3 gigawatts (GW) to its backlog, deliveries expected post 2027

"We view solid clean energy results as a positive, noting that the non-core assets represent lower multiple earnings" - J.P. Morgan

Company records Q4 revenue of $5.39 bln vs est of $7.07 bln - data compiled by LSEG

Stock was up 25.7% in 2024