Why NextEra Energy Stock Dropped Again Today
NextEra Energy (NYSE: NEE) reported its first-quarter 2022 earnings yesterday, and its stock has been tumbling ever since. The energy company that runs the Florida Power & Light utility, as well as a growing renewable-energy subsidiary, had a good start to the year, but investors sold shares anyway. The selling continued today, with shares down 2.2% as of 2:14 p.m. ET. That's on top of yesterday's 6.5% decline.
NextEra grew its earnings per share (EPS) 10.4% year over year and said it believes it is on track to achieve its growth target for earnings and distributions for the year. But investors likely hoped the company would raise its prospects for the year after such a strong quarter of growth. Also, uncertainty surrounding a Commerce Department decision on solar panels and cells supplied from Asia may cause the company to delay some projects.
Source Fool.com
