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NextEra Energy (NEE) Tops on Q1 Earnings, Revenue Lags

Juno Beach, FL-based NextEra Energy Inc. NEEis a public utility holding company engaged in the generation, transmission, distribution, and sale of electric energy.

To provide reliable services to its customers, NextEra Energy continues to expand its scale of operations and utilize modern technologies, primarily at its FPL utility.

Improving economic condition in its service territories, natural gas pipeline projects and additions to renewable generation assets will boost its performance.  

Surprise History

Coming to the earnings surprise, NextEra Energy has surpassed the Zacks Consensus Estimate in three out of the last four quarters, resulting in a positive average surprise of 4.75%.

Zacks Rank: Currently, NextEra Energy has a Zacks Rank #3 (Hold) but that could change following its first quarter 2018 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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