The latest update is out from NextEra Energy ( (NEE) ).

Florida Power & Light Company has informed the Florida Public Service Commission of its plan to begin a base rate proceeding in 2025, aiming to implement a new four-year rate plan starting in 2026. The plan includes a significant increase in annual revenue requirements and proposals to fund solar and battery projects, potentially impacting the company’s financial operations and stakeholder interests.

More about NextEra Energy

NextEra Energy, Inc. is a leading energy company with a focus on renewable energy projects. Its wholly owned subsidiary, Florida Power & Light Company (FPL), operates in the utility sector, providing electricity services in Florida.

YTD Price Performance: 22.18%

Average Trading Volume: 10,303,532

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $148.3B

For a thorough assessment of NEE stock, go to TipRanks’ Stock Analysis page.