What's Going on With NextEra Energy's Profitability?
NextEra Energy (NYSE: NEE) has rewarded investors with market-beating returns over the last one year, five years, three years, and 10 years, all while growing its adjusted earnings and dividend. Wall Street reacted favorably to NextEra's Q2 2022 earnings, as NextEra stock gained 1.75% on 7/22 despite a down day for the broader indices. But if we dig deeper into NextEra's results, it quickly becomes clear that the company is facing degrading profitability.
Here's a breakdown of what's driving NextEra's weakening profitability, and if it affects the company's long-term investment thesis.
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Source Fool.com
