NextEra Energy (NEE) in Polaris Global Value Fund Q2 2024

Solid Earnings and Strategic Management Changes Drive Growth

Apr 15, 2025

Summary

Announced solid earnings in April, boosting stock performance in May and June.
Management changes were well received, with new EVP and CFO appointments.
Risks include regulatory changes and competition in the renewable energy sector.
Contributed positively to the utilities sector gains in the fund.
Future outlook remains strong with leadership in renewable energy generation.

NextEra Energy (NEE, Financial) was a notable performer in the utilities sector, as highlighted in Bernard Horn (Trades, Portfolio)'s Polaris Global Value Fund 2nd-Quarter Letter 2024 Q2. The company announced solid earnings in April, which propelled the stock forward in May and June. Additionally, a series of top management changes, including the appointment of a new EVP and CFO, were well received by the market.

"Utility holding, NextEra Energy, announced solid earnings in April, propelling the stock forward in May and June. A number of top management changes in early May were also well received by the market, as Kirk Crews was appointed EVP and chief risk officer, while Brian Bolster was announced as new EVP and CFO." — Bernard Horn (Trades, Portfolio), Polaris Global Value Fund, Q2 2024 Fund Letter

Read full letter at gurufocus Bernard Horn's Polaris Global Value Fund 2nd-Quarter Letter 2024 Q2 page.

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.