Skip to main content

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified

NextEra Energy

(

NEE

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified NextEra Energy as such a stock due to the following factors:

  • NEE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $196.9 million.
  • NEE has traded 75,043 shares today.
  • NEE is trading at a new lifetime high.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in NEE with the Ticky from Trade-Ideas. See the FREE profile for NEE NOW at Trade-Ideas

More details on NEE:

NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric energy in the United States and Canada. The company generates electricity from gas, oil, solar, coal, petroleum coke, and nuclear sources. The stock currently has a dividend yield of 3.1%. NEE has a PE ratio of 23.4. Currently there are 12 analysts that rate NextEra Energy a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Recommends

The average volume for NextEra Energy has been 2.1 million shares per day over the past 30 days. NextEra Energy has a market cap of $42.2 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.25 and a short float of 3.6% with 7.97 days to cover. Shares are up 14.1% year-to-date as of the close of trading on Friday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates NextEra Energy as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • NEE's revenue growth has slightly outpaced the industry average of 3.4%. Since the same quarter one year prior, revenues slightly increased by 7.5%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • Net operating cash flow has significantly increased by 105.02% to $1,712.00 million when compared to the same quarter last year. In addition, NEXTERA ENERGY INC has also vastly surpassed the industry average cash flow growth rate of 44.78%.
  • 35.26% is the gross profit margin for NEXTERA ENERGY INC which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 9.00% trails the industry average.
  • Compared to where it was a year ago today, the stock is now trading at a higher level, regardless of the company's weak earnings results. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • NEXTERA ENERGY INC's earnings per share declined by 26.5% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past two years. However, we anticipate this trend to reverse over the coming year. During the past fiscal year, NEXTERA ENERGY INC reported lower earnings of $4.03 versus $4.56 in the prior year. This year, the market expects an improvement in earnings ($5.30 versus $4.03).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

null