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Mike Beehler's picture
COO, Mike Beehler & Associates, LLC

See www.MikeBeehler.com for my first book, The Science of the Sale.  MBA, LLC believes that strategically positioning for success and growth in the electric utility industry will require...

  • Member since 2016
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  • Oct 5, 2020
  • 612 views

Yep....I should have bought NextEra stock. Read this Forbes article of a 600% return over the last 10 years (including dividend reinvestment). And, the growth continues with the acquisition of Gulf Power and Gridliance, the competition for JEA and SCANA, and the unsolicited offer for Duke. Board meetings must be exciting at NextEra. Congratulations to all of our friends at NextEra

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Bob Meinetz's picture
Bob Meinetz on Oct 6, 2020

Mike, though NextEra's moment in the sun has already passed, it was never the largest U.S. energy company. Its revenue is half of Exxon-Mobil's, its assets, one-third.

Not to defend Exxon-Mobil, but using market capitalization - the cost of a company's stock multiplied by outstanding shares - offers little more than fevered speculation as a basis for assessing a company's size or value.

It appears climate-denying investors are not waiting until the renewa-bubble bursts to bail on NextEra. Apparently, even they have enough foresight to realize it would be a day late and several dollars short.

Patrick McGarry's picture
Patrick McGarry on Oct 6, 2020

Thanks Mike! It almost feels like Next Era is becoming a technology company!

 

Mike Beehler's picture
Thank Mike for the Post!
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