What changed
$NEE — ADD 📊 | 6 MONTHS THESIS
🎯 Q1 2026 | Rev $6.7B | EPS $1.09 vs $1.03 🟢 | Margin 33.0%
💡 Consensus EPS estimates for FY2025 are still rooted in pre-beat run-rates, failing to fully incorporate the Q1 outperformance and the $12-13B annual capex guidance; the variant view is that forward EPS will be revised ~5% higher, compressing the forward P/E and providing upside even at the historical median multiple.
📉 Reward/risk: 3.0:1
🏢 Business Quality: 8/10 - Regulated electric utility (FPL) with strong rate base growth, a large renewable energy portfolio, and consistent regulatory relationship; predictable cash flows with visible investment catalysts.
📊 Valuation: fair - Current P/E 21.6x sits at the 50th percentile of a narrow historical range (21.6x), and is a slight premium to the utility sector median ~20x,...
📊 Our read: ADD. Full analysis →
https://stockduty.xyz/s/NEE0620