We are revisiting NextEra Energy (NEE), the old Florida Power and Light, a provider of electricity-related services with two operating subsidiaries, FPL and FPL Energy. NEE is a name we featured in FusionIQ a couple weeks ago. We continue to believe the Florida Power & Light rate case this summer should be helped by lower natural gas cost rebates and a more favorable regulatory climate, and see leverage from a rate base of 9 million people. Additionally, recent acquisition of some distressed solar utility scale assets should be accretive for years to come. We continue to believe, NEE which is up 2.00% from our original FusionIQ posting, during the same time the broader market produced negative returns, looks like the classic case of a great picture (chart) and great story (solid fundamentals).
Add in, NEE provides insulation from Europe, a necessity consumer purchase and a solid dividend (3.71 %), IQ Master rank of 90 (out of 100) and this looks like a great risk/reward trade off.
To see the full story and associated chart on NEE visit us on the web and take IQ for a test drive today at www.fusioniqinvestor.com