Summary
NextEra Energy, Inc. (NEE) announced on September 14, 2020, that its Chief Financial Officer, Rebecca Kujawa, would be presenting at a financial conference. During this presentation, the company intends to update its financial expectations, projecting increased adjusted earnings per share (EPS) for 2021 and extending its growth outlook to 2023. This upward revision is attributed to the ongoing strength in renewable energy development and robust execution across all business segments. Specifically, NEE is raising its 2021 adjusted EPS guidance by $0.20, now targeting a range of $9.60 to $10.15. For the years 2022 and 2023, the company anticipates continued adjusted EPS growth of 6% to 8% over the revised 2021 figures. Additionally, NEE's board of directors approved a four-for-one stock split, effective October 26, 2020, to enhance stock accessibility for a wider investor base. Investors can access detailed meeting materials on the company's investor relations website.
Key Highlights
- 1NextEra Energy (NEE) is increasing its 2021 adjusted earnings per share (EPS) guidance by $0.20, now expecting a range of $9.60 to $10.15.
- 2The company is extending its longer-term growth outlook to 2023, projecting 6% to 8% adjusted EPS growth for 2022 and 2023.
- 3These increased financial expectations are driven by strong performance in the renewables development environment and continued execution across all business segments.
- 4NEE's board of directors approved a four-for-one stock split, effective October 26, 2020, to make its stock more accessible.
- 5Shareholders of record on October 19, 2020, will receive three additional shares for each share held.
- 6Trading on a split-adjusted basis will commence on October 27, 2020.
- 7The company is providing updated guidance and outlook at an upcoming financial conference.