Analyst Consensus ?
ConsensusBuy34 ratings
Bullish2470.6%
Neutral926.5%
Bearish12.9%
1 unmapped firm rating excluded from the percentages.
NextEra Energy, Inc. · NEE · FY2026 Q2 · Calendar Q3 2026
NextEra Energy Beats EPS, Misses Revenue, Reaffirms Guidance as Backlog Grows to 35 GW
NextEra Energy delivered a solid Q2 2026 with adjusted EPS of $1.15, up 9.8% year-over-year. Reported EPS of $1.09 beat the consensus estimate of $1.03 by 5.8%, though revenue of $6.7B fell short of the $7.3B estimate by 7.8%. Management reaffirmed full-year EPS guidance of $3.92-$4.02 and maintained a confident tone. The growth thesis centers on continued Florida customer growth, a renewables and storage backlog that expanded to ~35 GW after a 3.6 GW addition this quarter, and a large-load data-center hub strategy broadened to 30-40 hubs with large-load tariff expectations raised from 6 GW to 8 GW by 2032. The pending Dominion Energy merger is advancing through regulatory filings with a target close in H2 2027. Risks include merger approval uncertainty, execution risk on transmission and hub projects, and interest-rate sensitivity. The stock's reaction was muted on report day…
Reported Before market openNYSEUtilities
$185.26B market cap
100quality score
Company context
Snapshot as of publicationNextEra Energy, Inc., operating through its diverse subsidiaries, is a prominent electric power provider in North America. The company's operations encompass the generation, transmission, distribution, and sale of electricity to both individual consumers and large-scale wholesale clients. Its energy portfolio is broad, featuring power generation from wind, solar, nuclear, coal, and natural gas facilities. Beyond direct power supply, NextEra Energy is actively involved in developing, constructing, and managing long-term contracted clean energy infrastructure, including renewable energy generation sites, battery storage solutions, and electric transmission networks.…
Earnings scorecard
Reported versus consensus
Reported EPS
$1.09
Consensus $1
EPS surprise
+5.8%
Reported versus consensus
Reported revenue
$6.70B
Consensus $7.27B
Revenue surprise
-7.8%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$86.92Previous close
$66Low
$92.37Average
$117High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Aug 1, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| BMO Capital | Outperform | Outperform | Maintain | Jul 27, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Jul 13, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jul 7, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | May 19, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | May 13, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | May 4, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Apr 24, 2026 |
| UBS | Buy | Buy | Maintain | Mar 5, 2026 |
| Mizuho | Neutral | Neutral | Maintain | Jan 28, 2026 |
| Argus Research | Buy | Buy | Maintain | Jan 28, 2026 |
| Jefferies | Hold | Hold | Maintain | Dec 31, 2025 |
| Citigroup | Buy | Buy | Maintain | Oct 29, 2025 |
| Guggenheim | Buy | Buy | Maintain | Mar 20, 2025 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Dec 12, 2024 |
| RBC Capital | Outperform | Outperform | Maintain | Jun 12, 2024 |
| Seaport Global | Sell | Neutral | Downgrade | Nov 9, 2023 |
| Keybanc | Overweight | Downgrade | Oct 5, 2023 | |
| Goldman Sachs | Buy | Buy | Maintain | Oct 2, 2023 |
| Erste Group | Hold | Buy | Downgrade | Apr 25, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Jan 26, 2023 |
| Bernstein | Outperform | Outperform | Maintain | Mar 3, 2021 |
| Piper Sandler | Overweight | Overweight | Maintain | Nov 19, 2020 |
| Atlantic Equities | Overweight | Overweight | Maintain | Sep 4, 2020 |
| Bank of America | Buy | Buy | Maintain | Jun 25, 2019 |
| Argus | Buy | Buy | Maintain | Nov 5, 2018 |
| Deutsche Bank | Buy | Hold | Upgrade | Jan 30, 2017 |
| Macquarie | Neutral | Outperform | Downgrade | Apr 4, 2016 |
| Baird | Outperform | Neutral | Upgrade | Jan 29, 2016 |
| Scotia Howard Weil | Outperform | Sector Outperform | Maintain | Nov 17, 2015 |
| ISI Group | Buy | Neutral | Upgrade | Aug 6, 2014 |
| BGC Financial | Hold | Hold | Maintain | Apr 28, 2014 |
| Wunderlich Securities | Hold | Hold | Maintain | May 1, 2013 |
| Wunderlich | Hold | Hold | Maintain | May 1, 2013 |
| Hilliard Lyons | Buy | Buy | Maintain | Jan 30, 2013 |
| Bank oferica | Buy | Buy | Maintain | Apr 26, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $86.92. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Bernstein | Sunaina Ocalan | $108 | $89.36 | +24.3% | Jul 27, 2026 |
| BMO Capital | Analyst unavailable | $96 | $89.78 | +10.4% | Jul 27, 2026 |
| Mizuho Securities | Paul Fremont | $95 | $89.78 | +9.3% | Jul 27, 2026 |
| Morgan Stanley | David Arcaro | $116 | $88.97 | +33.5% | Jul 22, 2026 |
| BMO Capital | Analyst unavailable | $94 | $89.07 | +8.1% | Jul 22, 2026 |
| Jefferies | Analyst unavailable | $94 | $88.38 | +8.1% | Jul 14, 2026 |
| Barclays | Analyst unavailable | $91 | $87.44 | +4.7% | Jul 7, 2026 |
| Morgan Stanley | Analyst unavailable | $117 | $87.12 | +34.6% | Jun 24, 2026 |
| Bernstein | Analyst unavailable | $107 | $86.23 | +23.1% | Jun 16, 2026 |
| Barclays | Analyst unavailable | $90 | $88.55 | +3.5% | May 26, 2026 |
| Morgan Stanley | Analyst unavailable | $111 | $89.19 | +27.7% | May 21, 2026 |
| Morgan Stanley | Analyst unavailable | $115 | $88.48 | +32.3% | May 19, 2026 |
| Evercore ISI | Analyst unavailable | $107 | $96.6 | +23.1% | May 4, 2026 |
| BMO Capital | Analyst unavailable | $104 | $95.22 | +19.7% | Apr 27, 2026 |
| BTIG | Alex Kania | $112 | $96.25 | +28.9% | Apr 24, 2026 |
| Wells Fargo | Analyst unavailable | $102 | $96.25 | +17.3% | Apr 24, 2026 |
| Morgan Stanley | David Arcaro | $107 | $91.63 | +23.1% | Apr 21, 2026 |
| Wells Fargo | Shahriar Pourreza | $99 | $92.01 | +13.9% | Apr 21, 2026 |
| Morgan Stanley | Analyst unavailable | $108 | $91.1 | +24.3% | Apr 17, 2026 |
| Morgan Stanley | Analyst unavailable | $106 | $92.28 | +22.0% | Feb 20, 2026 |
| BMO Capital | Analyst unavailable | $95 | $87.57 | +9.3% | Jan 29, 2026 |
| Argus Research | Analyst unavailable | $92 | $87.66 | +5.8% | Jan 28, 2026 |
| Mizuho Securities | Analyst unavailable | $90 | $87.78 | +3.5% | Jan 28, 2026 |
| BTIG | Alex Kania | $103 | $87.15 | +18.5% | Jan 28, 2026 |
| Morgan Stanley | Analyst unavailable | $104 | $83.76 | +19.7% | Jan 21, 2026 |
| Jefferies | Analyst unavailable | $87 | $81.82 | +0.1% | Jan 14, 2026 |
| Jefferies | Julien Dumoulin-Smith | $88 | $80.53 | +1.2% | Dec 31, 2025 |
| UBS | William Appicelli | $91 | $81.32 | +4.7% | Dec 17, 2025 |
| BMO Capital | James Thalacker | $89 | $79.64 | +2.4% | Dec 10, 2025 |
| UBS | Analyst unavailable | $94 | $79.64 | +8.1% | Dec 10, 2025 |
| BTIG | Analyst unavailable | $100 | $80.55 | +15.0% | Dec 9, 2025 |
| Argus Research | Analyst unavailable | $90 | $82.45 | +3.5% | Oct 29, 2025 |
| UBS | Analyst unavailable | $96 | $82.72 | +10.4% | Oct 29, 2025 |
| Barclays | Analyst unavailable | $88 | $83.57 | +1.2% | Oct 29, 2025 |
| Evercore ISI | Nicholas Amicucci | $93 | $83.57 | +7.0% | Oct 28, 2025 |
| Wells Fargo | Analyst unavailable | $97 | $86.03 | +11.6% | Oct 27, 2025 |
| BTIG | Analyst unavailable | $98 | $83.99 | +12.7% | Oct 21, 2025 |
| Barclays | Analyst unavailable | $87 | $84.77 | +0.1% | Oct 21, 2025 |
| Jefferies | Analyst unavailable | $85 | $84.49 | -2.2% | Oct 14, 2025 |
| New Street | Analyst unavailable | $84 | $83.35 | -3.4% | Oct 13, 2025 |
| Evercore ISI | Nicholas Amicucci | $92 | $82.11 | +5.8% | Oct 6, 2025 |
| Mizuho Securities | Analyst unavailable | $78 | $76.08 | -10.3% | Aug 21, 2025 |
| Barclays | Analyst unavailable | $73 | $66.64 | -16.0% | Apr 22, 2025 |
| BMO Capital | James Thalacker | $91 | $83.78 | +4.7% | Oct 18, 2024 |
| Morgan Stanley | David Arcaro | $90 | $84.43 | +3.5% | Sep 25, 2024 |
| BMO Capital | James Thalacker | $83 | $72.01 | -4.5% | Jul 15, 2024 |
| Scotiabank | Andrew Weisel | $73 | $72.34 | -16.0% | Jun 12, 2024 |
| BMO Capital | James Thalacker | $79 | $72.74 | -9.1% | Jun 12, 2024 |
| RBC Capital | Shelby Tucker | $84 | $71.46 | -3.4% | Jun 12, 2024 |
| CFRA | Daniel RIch | $85 | $72.74 | -2.2% | Jun 11, 2024 |
| Barclays | Nicholas Campanella | $74 | $77.15 | -14.9% | Jun 5, 2024 |
| Morgan Stanley | David Arcaro | $83 | $76.96 | -4.5% | May 28, 2024 |
| BMO Capital | James Thalacker | $78 | $71.25 | -10.3% | May 7, 2024 |
| BMO Capital | James Thalacker | $72 | $65.98 | -17.2% | Apr 25, 2024 |
| BMO Capital | James Thalacker | $68 | $62.75 | -21.8% | Apr 16, 2024 |
| Barclays | Betty Jiang | $66 | $65.38 | -24.1% | Apr 10, 2024 |
| BMO Capital | James Thalacker | $77 | $62.55 | -11.4% | Apr 4, 2024 |
| J.P. Morgan | Christopher Turnure | $86 | $57.1 | -1.1% | Feb 22, 2024 |
| Mizuho Securities | Anthony Crowdell | $73 | $55.97 | -16.0% | Feb 6, 2024 |
| Citigroup | Ryan Levine | $69 | $61.99 | -20.6% | Jan 4, 2024 |
| Morgan Stanley | David Arcaro | $91 | $53.63 | +4.7% | Oct 19, 2023 |
| Morgan Stanley | Analyst unavailable | $98 | $83.62 | +12.7% | Jan 10, 2023 |
| Wells Fargo | Analyst unavailable | $110 | $84.08 | +26.6% | Jan 10, 2023 |
| Morgan Stanley | Analyst unavailable | $97 | $85.81 | +11.6% | Dec 15, 2022 |
| Morgan Stanley | Analyst unavailable | $95 | $83.28 | +9.3% | Nov 11, 2022 |
| Guggenheim | Analyst unavailable | $108 | $90.47 | +24.3% | Sep 12, 2022 |
| Mizuho Securities | Analyst unavailable | $81 | $73.95 | -6.8% | Apr 25, 2022 |
| Morgan Stanley | Analyst unavailable | $88 | $82.12 | +1.2% | Apr 20, 2022 |
| KeyBanc | Sophie Karp | $87 | $84.18 | +0.1% | Mar 7, 2022 |
| Mizuho Securities | Paul Fremont | $88 | $81.47 | +1.2% | Jan 24, 2022 |
| Bank of America Securities | Julien Dumoulin Smith | $95 | $84.32 | +9.3% | Jan 11, 2022 |
| Bernstein | Meike Becker | $100 | $91.49 | +15.0% | Dec 15, 2021 |
| Goldman Sachs | Michael Lapides | $83 | $76.73 | -4.5% | Jul 28, 2021 |
| Credit Suisse | Maheep Mandloi | $85 | $73.78 | -2.2% | Jul 13, 2021 |
Track every rating change on NEE the moment it posts. Free to start.
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-0.1%
Stock minus SPY
Volume
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What changed
Versus the prior quarter, the renewables and storage backlog grew from ~33 GW to ~35 GW (3.6 GW added this quarter vs. 4 GW in Q1). Large-load tariff expectations were raised from 6 GW to 8 GW by 2032. NextEra acquired the remaining 30% minority interest in the Duane Arnold nuclear plant, targeting a Q1 2029 restart. A new 137-mile, 345 kV transmission line in New Mexico was placed in service 31 months after award, ahead of schedule. The Symmetry acquisition has now made NextEra the third-largest gas marketer in the U.S. The Dominion Energy merger is progressing with regulatory filings submitted in Virginia, North Carolina, and South Carolina.
Guidance delta
Full-year 2026 EPS guidance of $3.92-$4.02 was reaffirmed. Guidance sentiment is maintained, management tone is confident, and the capex outlook is increasing. The large-load tariff expectation was raised from 6 GW to 8 GW by 2032. Renewables and storage backlog targets are 15 GW (base case) to 30 GW (upside) by 2035.
Key takeaways
- Adjusted EPS of $1.15 grew 9.8% YoY; reported EPS of $1.09 beat the $1.03 consensus estimate by 5.8%.
- Revenue of $6.7B missed the $7.3B estimate by 7.8%.
- Full-year 2026 EPS guidance of $3.92-$4.02 was reaffirmed.
- Energy Resources added 3.6 GW of renewables and storage to the backlog, now totaling ~35 GW.
- FPL added over 90,000 customers; on track to install ~900 MW of solar and 1.4 GW of battery storage in 2026.
- Dominion Energy merger is progressing with regulatory filings submitted; expected close in H2 2027.
Management priorities
- Execute on 2026 solar and storage deployment targets (~900 MW solar, 1.4 GW battery storage).
- Advance Dominion Energy merger through regulatory approvals toward H2 2027 close.
- Scale large-load data-center hub strategy (30-40 hubs, 15-30 GW new generation by 2035).
- Bring Duane Arnold nuclear plant back online by Q1 2029.
- Expand gas-pipeline development to support Southeast large-load demand.
- Grow renewables and storage backlog toward 15 GW (base) to 30 GW (upside) by 2035.
Sources
- Earnings call transcript and parsed analysis · 2026-07-24T18:08:54.561818+00:00
- FN2 earnings calendar · 2026-07-28T01:23:15.070317+00:00
- Polygon adjusted daily market bars · 2026-07-28T14:20:30.686279+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-28T14:20:30.684582+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.