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Why NextEra Energy Stock Fell 5.4% Today

TheMotleyFool

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Why NextEra Energy Stock Fell 5.4% Today: https://g.foolcdn.com/editorial/images/870776/wind-turbine-towers-and-data-center-servers-1089640322.jpg

NextEra Energy (NYSE: NEE) is making a big buyout, and investors appear to be skeptical. NextEra's stock is down by 5.4% at 11:20 a.m. ET, slicing $9.9 billion off the Florida Power Light parent's market value.

The buyer's price drop outweighed the target company's gains today. Dominion Energy (NYSE: D) is up by 9.8%, adding $5.8 billion to its market cap. In other words, NextEra's $66.8 billion Dominion deal reduced the total market value of the two companies by $5.0 billion, or 2%

That's not exactly a ringing endorsement from Wall Street as a whole.

Source Fool.com