NextEra Energy (NEE) analysis

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Health is the debt of the regulated network and of the plant that does not collect yet. Quality separates the bill margin from the project spending. Growth follows customers and plants in service, and they need not rise together. P/E is read against a year of many projects, not against that peak. Shareholder return is the dividend, checked against cash. Do not read it as a rate already closed.

The P/E of a year of many projects is not the earnings if the plant is not in service. EV/EBITDA is read without treating the tax credit as a sale. Do not use the multiple of a utility that only collects the bill, as if Florida and the new plant were the same book. A dash if NEE is missing.

Limits of this report

Not advice on NextEra. Vaultflake does not treat the rate as closed and does not describe how electricity is generated. Read the filings. A past dividend is not a right. The table is a snapshot, not a target price.

Questions from this report