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Hot utility stock NextEra falls nearly 5% after announcing plan to sell $2 billion in equity units
NEENextEra Energy(NEE) CNBC·2024-06-18 20:04

The Florida-based power company, which operates the largest portfolio of renewable energy in the U.S., will issue equity units for $50 that serve as a contract to purchase shares no later than June 1, 2027. Utility companies have rallied this year as investors and analysts grow bullish on rising electricity demand from data centers, the return of manufacturing to the U.S., and the electrification of the vehicle fleet. The utility sector has gained about 8.5% over the past three months, outpacing the 6.2% ga ...