NEE Round Top. Look Out Below (for now).Re-posting recent idea on NEE. Short-term troubles from round-top could put NEE in the $60s for a while ($55 support). Great long-term investment after that as we get back to the 40-year trend.
FP3 trade ideas
NextEra Energy Surges
NextEra Energy ( NYSE:NEE ), the leading renewable energy generator in the United States, has reported a fourth-quarter profit that surpassed Wall Street expectations. The company's impressive performance is attributed to the decline in natural gas prices, boosting its regulated utilities business. This development positions NextEra ( NYSE:NEE ) as a standout player in the evolving energy landscape, showcasing resilience and adaptability.
Lower Natural Gas Prices Drive Profitability:
NextEra's fourth-quarter success is largely credited to a 14% decrease in natural gas prices quarter-over-quarter. As a major producer of renewable energy, the company's reliance on natural gas for electricity generation has proven advantageous amid declining prices. This strategic position has fortified its regulated utilities business, contributing to a profit beat that exceeded analysts' estimates.
Florida Power & Light Shines:
The regulated utilities arm of NextEra, Florida Power & Light, experienced notable growth, increasing its average customer base by nearly 81,000 compared to the same quarter in 2022. Despite a 1.8% dip in retail sales due to weather-related challenges, the company's ability to expand its customer base is a testament to its resilience and customer-centric approach.
Challenges and Opportunities in Clean Energy:
NextEra Energy Resources, the clean energy unit of the company, faced headwinds in adjusted earnings per share, primarily due to higher-interest-rate expenses and lower wind generation from existing assets. However, CEO John Ketchum remains optimistic, highlighting the addition of 9,000 MW of new renewables and battery storage projects in 2023, marking a record-breaking year for originations. The company's commitment to sustainability is underscored by its plans to re-power an additional 245 MW of wind facilities, solidifying its position as a leader in clean energy solutions.
Financial Strength and Outlook:
NextEra's financial performance in the fourth quarter outpaced analyst forecasts, reporting revenue of $6.87 billion compared to the predicted $5.698 billion. The company's resilience in the face of challenges underscores its financial strength and strategic positioning. NextEra maintained its adjusted earnings-per-share outlook for 2024, projecting a range between $3.23 and $3.43, signaling confidence in its continued success.
Conclusion:
NextEra Energy's robust fourth-quarter performance reflects its ability to navigate market dynamics successfully. The company's strategic focus on renewable energy, coupled with astute management of natural gas dynamics, positions it as a key player in the evolving energy sector. As NextEra continues to expand its clean energy portfolio and demonstrate financial resilience, investors and industry observers are likely to keep a close eye on this trailblazing energy giant.
NEEAgainst the background of strong growth of UST yields, the protective assets with low beta and high dividend yields were under strong pressure. Usually at such a strong separation of this sector from the average there is a rapid recovery. The yield of UST stabilized the recovery started.
tp1 67
tp2 76
NEE Target $93NEE completed long term correction and showing signs of reversal.
Fundamentals seem good.
Expecting it to reach previous highs.
Target $93
More Downside in NextEra?NextEra Energy fell sharply in late September as higher interest rates impacted the value of its wind and solar farms. Now after a bounce, momentum bears may look for a retest of recent lows.
The first pattern on today’s chart is the selloff that began on September 27 after its NextEra Energy Partners (NEP) limited partnership cut its long-term growth forecast. The drop represented a break of support around $67 that had been in place since late 2020.
NEE started bouncing on October 6, but is now stalling below a 50 percent retracement of the bearish thrust. That could suggest continuation to the downside is coming.
Third, consider the tight price action around $54 since last Friday. That may create the potential for prices to start moving again if the utility stock breaks the range.
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Fell From a TriangleDeep fall from a triangle pattern.
Appears to have hit close to the 1.618 and is trying to recover.
If this is far as it falls, this M could be called a Crab. Some would wait for 2 positive closes.
The M is better seen on weekly.
No recommendation
NEE, 9d/33.22%rising cycle 33.22% in 9 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
Is it end of an era?NYSE:NEE has been rising since 2008. But it struggles to keep up the trend. If we loose the support area we may see another 20% percent down to the next big support trend that is coming from 2017. Bulls needs to show up for this beast.
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Reverting to 40 year trend. Invest in $60s for long-run.Since 1986, NEE has had a very stable long-term resistance line. In 2019, we broke bullish above this line and have enjoyed "renewable energy euphoria" since then.
However, we have:
(1) VERY CLEAN symmetric round topping going on
(2) We are re-testing and BREAKING BELOW the long-term resistance line. Perhaps we will re-test and call it support
(3) Since December, we have created a new 'ST' resistance line that we've bounced off a few times. This resistance is the RHS of the symmetric topping action going on.
This all said, I think the Worst Case Scenario for NEE is to get back to $55. A 20% dip from current levels ($70) is tough, but for a long-term investment and dividend paying stock,
Nee Long SqueezePrice is good. Fundamentally the market is what it is right now but this stock is at a buying opportunity. You can wait to see it confirm more or buy right away going into the holiday weekend(Labor Day). This company is a major energy company in the southeast(FPL), and after hurricanes usually does well by the way, which is just one point though. It's at a squeeze right now at the bottom of range to go upwards and gain momentum. It held the bottom low. It has a dividend, and is fair valued. Basically it could be the bottom of the dip at this level and can go higher.
$NEE with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:NEE after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 57.14%.
Fibo cleaned . Long with 20% projectionFibo cleaned . Long with 20% projection
Just an ideia but my model is doing well
$NEE: Good portfolio diversifierUtilities looking good now, probably a good idea to have some defensive exposure, now is a good time to get some of it with NYSE:NEE here.
Mega cap tech is over extended and although rates likely peaked and we see inflation come down, it will come down for the wrong reasons as we enter a recession most likely, so I'd try to be cautious with cyclical risk.
Best of luck!
Cheers,
Ivan Labrie.
NEE UpdateNYSE:NEE reports this week. We can see some relatively dramatic price movements after earnings releases over the past couple of years. NEE and NEP missed on revenue last quarter, but were within EPS estimates. There is an underlying concern for the fallout from their campaign donation violation and sustained higher rates are not good for their growth model. However, they operate in a growing region and continue to have conviction to continue their 4 year 9% earnings growth plan. 12 month price projections range from HKEX:82 -95, with an average of $89.
Price is a bit lower in its upward channel and completed an inverse head and shoulders pattern earlier in the month. These have high probability of confirming reversal of a downtrend. I expect that we'll see a little resistance at the 200SMA before the uptrend sustains. On the daily chart you can see where I've planned to manage profits from my last entries in the $74-75 range.
NEE daily above 100 day moving averageNEE daily above 100 day moving average if we break above this candle we can go to the local hoghs
Inverse Head and Shoulders Large Descending Triangle also noted and a Triple Bottom close to the .618.
Possible stop below neckline.
EL with break o the neckline and an uptrend.
T4 can be reached if diagonal resistance line is broken.
No recommendation.
$NEE performing well lately$NEE broke out of an inverse head & shoulder pattern.
Downside is likely over for this, at least for now. Keep an eye on the next resistance levels to look for an exit.
73ish to 86ish is not a ton but it helps pay the bills.
We may also get 2 dividends if it holds until May'ish.
#utility
$NEE Head and Shoulders Bottom* This morning, OPEC announced they are cutting an additional 1.65 million barrels of oil production per day.
$NEE
I like what I’m seeing, A proper setup for a possible short term bullish move with strong volume. This looks set to test the Daily 200MA @ $80+ the highs from Jan 23’.
I’m not an investor- I won’t hesitate to sell a few minutes after entering any position. As always manage your risk accordingly - Good luck!
$NEE found major support again last weekSpoken on $NEE before (not sure if on Tradingview)
The action is obvious
Been waiting for this to get closer to MAJOR SUPPORT
Bought nice chunk
2.6% dividend is not bad
Been channeling since Jan 21
#utility #stocks #stock #StocksToBuy
NEE, 10d+/24.64%rising cycle 24.64% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
Descending TrianglePossible Bullish divergence noted.
Divergences are more reliable the longer they last, and this one is not but a few trading days in length.
Some would measure bullish divergences using the valleys and bearish by using the peaks of price action.
No recommendation.
Price is approaching the support line.
All triangles are neutral until broken.
Short NEEUtilities have topped. D, XEL, AWK and PNW also look attractive. NYSE:PNW NYSE:NEE
NYSE:D NASDAQ:XEL NYSE:AWK
NEE Long term demandNextera Energy has created a long term range. This one to keep on the watchlist as it can create a great opportunity is price settles on the lower range offering a great risk to reward trade location.
What I like about the stock:
Earnings has been consistent
Nextera Energy has raised the dividend payment 10%
Media has boasted the company with positive reviews.
Do your own research, I see this one as a gem in the future.
