NextEra Energy Shares Surge to 52-Week High After 1Q Profit Jumps

Published: 2026-04-23 13:06:13 ET NEE

Published on 04/23/2026 at 01:06 pm EDT

By Elias Schisgall

Shares of NextEra Energy rose after the company's profit more than doubled in the first quarter.

Shares were up 7% to $96.28 in Thursday afternoon trading after hitting a 52-week high of $96.70 earlier in the session. The stock is up 20% year-to-date and is on track to close at its highest level on record, based on data beginning in 1984.

The clean-energy company reported a profit of $2.18 billion, or $1.04 a share, compared with a profit of $833 million, or 40 cents a share, a year earlier.

Stripping out certain one-time items, the company reported adjusted earnings of $1.09 a share. Analysts polled by FactSet were expecting $1.03 a share.

Revenue rose to $6.7 billion, up from $6.25 billion a year prior. Analysts were expecting revenue of $7.27 billion.

Of the company's first-quarter profit, $1.46 billion, or 70 cents a share, came from its FPL segment. NextEra Energy Resources contributed $1.02 billion, or 49 cents a share.

The company reaffirmed its long-term outlook, projecting 2026 adjusted earnings between $3.92 and $4.02 a share and targeting the higher end of that range. The company is also targeting a compound annual growth rate of at least 8% through 2035.

NextEra Energy also continues to project 10% yearly dividend growth through 2026, with 6% growth in 2027 and 2028.

Write to Elias Schisgall at [email protected]

(END) Dow Jones Newswires

04-23-26 1305ET