What smart money is saying about NextEra Energy
4 funds in our archive have pitched NextEra Energy — most recently Guinness Sustainable Energy Fund in July 2026.
NextEra Energy, Inc., operating through its diverse subsidiaries, is a prominent electric power provider in North America. The company's operations encompass the generation, transmission, distribution, and sale of electricity to both individual consumers and large-scale wholesale clients. Its energy portfolio is broad, featuring power generation from wind, solar, nuclear, coal, and natural gas facilities. Beyond direct power supply, NextEra Energy is actively involved in developing, constructing, and managing long-term contracted clean energy infrastructure, including renewable energy generation sites, battery storage solutions, and electric transmission networks. The firm also participates in the sale of energy commodities and oversees the development, construction, and operation of generation assets within competitive wholesale energy markets. As of December 31, 2021, NextEra Energy boasted a net generating capacity of approximately 28,564 megawatts. Its extensive infrastructure included about 77,000 circuit miles of transmission and distribution lines and 696 substations. Within Florida, the company delivers electricity to roughly 11 million individuals, serving approximately 5.7 million customer accounts across the state's eastern and lower western coastal regions. Founded in 1925, the company adopted its current name, NextEra Energy, Inc., in 2010, having previously operated as FPL Group, Inc. Its corporate headquarters are located in Juno Beach, Florida.
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Position history
Between Q3 2025 and Q3 2026, 12 fund letters reported a position in NextEra Energy — 1 opened or added to the position, 2 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 0 | 1 |
| Q2 2026 | 10 | 1 | 2 | 2 |
| Q3 2025 | 0 | 0 | 0 | 1 |
Fund activity · 12 positions · 3 moves
- August 2026
“Annual increase in US electricity demand to 2040 Capital expenditure of US hyperscalers (USD$bn) as forecasted by NextEra Energy Source: NextEra, Bloomberg, January 2026 As laid out by NextEra, the US’s largest electricity provider, the US needs to increase investment in almost all forms of generation. In the short-term, given their speed to market, flexibility, and cost advantages, a combination of renewables and storage are best positioned to deliver new power. NextEra see “firmed” generation (intermittent renewables backed by storage), as having the lowest levelized cost of generation in 2030.”
NextEra Energy - July 2026
“At 30 June 2026, the Guinness Sustainable Energy Fund traded on a 2026/27 price-earnings ratio of 22.0x/18.2x. On a 12- month forward view, the Fund trades at about a 5% P/E premium to the MSCI World Index, with consensus forecasts suggesting it will deliver similar earnings growth (15.3%pa vs the MSCI World at 15.1%pa). Despite offering comparable valuation and earnings growth characteristics in the near term, we continue to believe that the durability of our portfolio’s Guinness Sustainable Energy July 2026 8 earnings growth is underappreciated, as we expect companies providing decarbonisation solutions to benefit from multi- decade growth tailwinds caused by the energy transition. Valuation and earnings growth of the Guinness Sustainable Energy Fund Source: Guinness Global Investors (30 June 2026) Portfolio company NextEra Energy is a prime example of this durability, having in the first quarter reaffirmed its long-term earnings growth outlook of 8% and above annually through 2032 and 2035, underpinned by management's confidence in a "golden age of power demand" in the US.”
NextEra Energy - June 2026
“Within the Fund, the strongest performers were Enphase Energy Inc, First Solar Inc, Infineon Technologies AG, Versigent and Canadian Solar Inc while the weakest performers were AECOM, NextEra Energy Inc, LG Chem Ltd, Trane Technologies and Vestas Wind Systems A/S.”
NextEra Energy - June 2026
Listed in Harding Loevner Global Equity’s reported holdings.
NextEra Energy - June 2026
“We used the proceeds from these sales and scale backs to build positions in Automatic Data Processing, Comcast Corp, Constellation Brands, Home Depot, Medtronic, NextEra Energy (repurchased later in the quarter at lower levels), PepsiCo, Inc, Procter & Gamble Co., and Tyson Foods.”
NextEra Energy - June 2026
Listed in Harding Loevner Global Developed Markets Equity’s reported holdings.
NextEra Energy “Within the Fund, the strongest performers were Enphase Energy Inc, First Solar Inc, Infineon Technologies AG, Versigent and Canadian Solar Inc while the weakest performers were AECOM, NextEra Energy Inc, LG Chem Ltd, Trane Technologies and Vestas Wind Systems A/S.”
NextEra Energy- June 2026
“NextEra Energy (-9%) was the largest detractor outside China, costing the portfolio 0.2 percentage points from a 0.5% average position. We exited this position following the announced merger between NextEra and Dominion.”
NextEra Energy - June 2026
“NextEra Energy (-9%) was the largest detractor outside China, costing the portfolio 0.2 percentage points from a 0.5% average position. We exited this position following the announced merger between NextEra and Dominion.”
NextEra Energy - June 2026
“Quarterly report: MCCLF & MCCL.ASX munropartners.com page 7 STOCK STORY: NEXTERA ENERGY SUB-AREA OF INTEREST: Clean Energy MARKET CAP: US$183bn NextEra detracted 39bps from performance for the June quarter.”
NextEra Energy - June 2026
“• Key detractors from performance for the quarter were BAE Systems (Security), Rheinmetall (Security) and NextEra Energy (Climate).”
NextEra Energy - June 2026
“NextEra Energy (NEE), is positioned to benefit from the AI demand for electrons, except they made a “bonehead” decision to make a takeover bid for Dominion Energy (D), the biggest utility provider to data centers in the US.”
NextEra Energy
Also mentioned · 2
These funds discuss NextEra Energy — as a competitor, benchmark or comparable — without disclosing a position in it.
- June 2026
“Conversely, stock selection in gas utilities and energy infrastructure proved beneficial.”
NextEra Energy - MentionedHennessy Energy Transition FundJune 2026
“The recently announced Dominion Energy (D) and NextEra (NEE) merger will create the country’s largest power generation fleet, and Constellation Energy’s”
NextEra Energy
Fund coverage · 4 theses
- Guinness Sustainable Energy FundJuly 2026
NextEra Energy combines regulated utility expansion with data centre-driven demand growth and a long-term earnings growth outlook above 8% through 2035.
Read the full thesis - Munro Climate Change Leaders FundJune 2026
NextEra Energy is a large US utility and renewable developer positioned to benefit from surging electricity demand and higher long-term EPS growth targets.
Read the full thesis - Guinness Sustainable Energy FundJune 2026
NextEra Energy is the largest renewable power producer and is positioned to benefit from structural US power demand growth and low-cost firmed generation.
Read the full thesis - Schafer Cullen Value EquitySeptember 2025
NextEra Energy is a Florida-based regulated utility and renewables company benefiting from strong economic growth, a supportive regulatory environment, and a substantial portfolio of solar and wind assets, with an average valuation in the Utilities sector.
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