NextEra Energy (NEE) Surpasses Market Returns: Some Facts Worth Knowing

NextEra Energy closed at $84.06, outperforming the S&P 500 with a +1.16% daily gain. The company is projected to report earnings of $1.23 per share (up 8.85% YoY) and revenue of $9.19 billion (up 15.4% YoY). However, NEE carries a Zacks Rank of #3 (Hold) with a Forward P/E of 20.71, trading at a premium to its industry average. The Utility - Electric Power industry ranks 159th out of 250+ industries.