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ENERGY & UTILITIES | Renewables
nexteraenergy.com

Investments

3

Portfolio Exits

1

Partners & Customers

10

About NextEra Energy

NextEra Energy (NYSE: NEE) is a clean energy company that provides sustainable energy generation and distribution services. The Company generates electricity through wind, solar, and natural gas. Through its subsidiaries, NextEra Energy also operates multiple commercial nuclear power units.

Headquarters Location

700 Universe Blvd.

Juno Beach, Florida, 33408,

United States

800-222-4511

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Fortune 500 Investor list

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CB Insights Intelligence Analysts have mentioned NextEra Energy in 1 CB Insights research brief, most recently on May 4, 2022.

Latest NextEra Energy News

Here are Thursday’s biggest analyst calls: Tesla, Apple, Roku, Peloton, Plug Power, Target & more

Jan 27, 2023

- Advertisement - Here are Wall Street’s loudest calls Thursday: Bank of America downgrades NextEra Energy to neutral from purchase Bank of America downgraded the renewable energy company’s rating after a key executive announced his departure from the company. “The vast majority of our incoming investors’ questions were cautious about NextEra, unwilling to buy the stock, which dropped 9% to close at the lows of the day.” Piper Sandler initiates Albemarle coverage as overweight Piper said in her initiation of the lithium company that she sees a “sharp” increase in revenue. “ALB EBITDA growth is driven almost exclusively by the lithium markets. Essentially, ALB is essentially a pure litho game in the future. DA Davidson echoes Apple’s statement as DA Davidson said it is sticking to its buy rating on Apple’s earnings next week.” As for Apple’s earnings for the December quarter, we’ll be focusing on two things. First, the company is slowly starting to step up its efforts to diversify its supply chain to be less dependent on China. Second, our thesis is that the impact that the Chinese government’s COVID-19 policy had on Apple caused iPhone sales to shift to the March quarter rather than being lost.” at least a year”, which provides an attractive risk/reward. “Expect GOOGL stock to rebound outperforming, as it did during the great financial crisis of 2008-2009.” at lower prices” following the company’s earnings report on Wednesday. “Importantly, Tesla commented that since it cut prices, it has received the highest YTD orders in its history, with orders roughly doubling. While we believe this level of orders may be unsustainable in light of the weak macro environment, this suggests the company is tracking well our estimate of shipments of 1.8 million.” Read more about this call here. “In addition, we are downgrading EVGO from OW to N due to our expectations of slower growth and higher capital intensity than our previous expectations.” UBS downgrades Pfizer from Buy to Neutral On the downgrade of Pfizer stock, UBS said it sees a shortage of products in Pfizer’s portfolio: “Downgrade to Neutral due to COVID-related headwinds + stock portfolio not quite ready for a prime -half”. Citi initiates coverage of Match as neutral Citi initiated coverage of the dating app company with a neutral rating and said it sees too much uncertainty.” Catalysts and score levels that are just as compelling as they were from 2019, but we’re starting coverage on the sidelines as Match currently has several new initiatives that it’s too early for us to talk about.” said he remains optimistic about Amazon’s earnings next week. “We expect margins to recover in 1Q, although we see a weaker recovery in 1H23 compared to consensus.” Deutsche Bank downgrades Union Pacific to Hold from Buy and upgrades Norfolk Southern to Buy from Hold Deutsche downgraded Union Pacific and said it was disappointed with the company’s actions. The firm also said in its update to Norfolk Southern that it “has more confidence in our NSC estimates given recent performance trends.” “Our estimates may be overly optimistic, but we also believe that the possibility of acyclic rail traffic is underestimated amid high fuel prices and improved service. In the context of all these considerations, including management efficiency, we are upgrading NSC to Buy (from Hold) and downgrading UNP to Hold. Deutsche Bank downgrades Nasdaq to Hold from Buy Deutsche said in its downgrade of the markets and financial firm that it sees a more “challenging” 2023. “We think 2023 will be a significantly more challenging year for the NDAQ than previously anticipated due to 1) a higher-than-expected cost growth trajectory, 2) slower ongoing revenue growth across a number of business decisions, mainly due to extending sales cycles. William Blair Downgrades ViaSat to Overmarket William Blair downgraded the satellite company and said he sees a more balanced risk/reward. “We are downgrading our ViaSat stock rating to Market Perform. After an 18 percent return on stocks compared to a 5 percent gain in the S&P 500 by early 2023, we believe risk and reward are equal.” Bank of America reiterates purchase of Peloton Bank of America said it is optimistic about Peloton’s earnings next week. “Expect modest subscriber and churn growth…We expect to report modest subscriber growth, stable/improving QoQ churn and FY24 call-back positive cash flow drive.” Morgan Stanley confirms Plug Power is overweight The firm said it likes Plug Power’s “winning” green hydrogen strategy. “We are currently maintaining our OW rating as we believe PLUG has a winning long-term green hydrogen strategy.” Cantor Fitzgerald initiates Datadog coverage as Cantor initiated coverage of a cloud computing software company. The firm said Datadog is well positioned to navigate the “long-term tailwinds of digital transformation.” “We are starting Overweight coverage and a $95 price target on Datadog, a leader in end-to-end cloud surveillance that aims to achieve similar success in the adjacent security market.” Bernstein reiterates that Target is outperforming Bernstein said buying Target’s stock is a “great benefit for the long-term winner.” “But we believe that the worst is clearly over; we fully expect gross (and operating) margins to recover within FY23-24. Earnings per share will rebound by about 75% in FY23 and another 20% in FY24.” JPMorgan Confirms Uber Is Top Choice JPMorgan said it expects the ridesharing company’s revenue to rise on Feb. 8. additional margin of 7% or higher.” Needham echoes Roku’s words, as Needham stated that he is optimistic about Roku’s decision to build its own TV. “Because Roku is the operating system (OS) for dozens of TV hardware manufacturers (i.e. OEMs), Roku knows which features are most used on its 70mm active accounts. Roku can build these features into best-in-class TVs, thereby accelerating what we believe is the growth of new users.” Credit: www.cnbc.com /

NextEra Energy Investments

3 Investments

NextEra Energy has made 3 investments. Their latest investment was in Greenwood as part of their Series B on November 11, 2022.

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NextEra Energy Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/29/2022

Series B

Greenwood

$45M

Yes

19

5/12/2022

Series D

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$99M

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10

11/18/2021

Series A

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$99M

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10

Date

11/29/2022

5/12/2022

11/18/2021

Round

Series B

Series D

Series A

Company

Greenwood

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Amount

$45M

$99M

$99M

New?

Yes

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Co-Investors

Sources

19

10

10

NextEra Energy Portfolio Exits

1 Portfolio Exit

NextEra Energy has 1 portfolio exit. Their latest portfolio exit was Gulf Power on January 01, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/1/2022

Merger

$99M

1

Date

1/1/2022

Exit

Merger

Companies

Valuation

$99M

Acquirer

Sources

1

NextEra Energy Acquisitions

4 Acquisitions

NextEra Energy acquired 4 companies. Their latest acquisition was GridLiance on September 29, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/29/2020

Debt

$99M

$250M

Acquired

2

1/2/2019

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$99M

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10

11/19/2018

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$99M

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10

5/21/2018

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$99M

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10

Date

9/29/2020

1/2/2019

11/19/2018

5/21/2018

Investment Stage

Debt

Companies

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Valuation

$99M

$99M

$99M

$99M

Total Funding

$250M

Note

Acquired

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Sources

2

10

10

10

NextEra Energy Partners & Customers

10 Partners and customers

NextEra Energy has 10 strategic partners and customers. NextEra Energy recently partnered with intoPIX on June 6, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

6/7/2022

Partner

Belgium

1

4/26/2022

Client

United States

SPP board selects NextEra Energy Transmission Southwest, LLC to construct $55 million Oklahoma transmission project - Southwest Power Pool

SPP board selects NextEra Energy Transmission Southwest , LLC to construct $ 55 million Oklahoma transmission project .

1

5/29/2020

Client

United States

USA: 2 CCA’s Turn Offtakers From 500 MW Solar Project

MBCP and SVCE in the US have chosen NextEra Energy 's 500 MW solar power plant with storage to offtake some power from

1

1/15/2020

Vendor

United States

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10

8/24/2018

Partner

United States

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10

Date

6/7/2022

4/26/2022

5/29/2020

1/15/2020

8/24/2018

Type

Partner

Client

Client

Vendor

Partner

Business Partner

Country

Belgium

United States

United States

United States

United States

News Snippet

SPP board selects NextEra Energy Transmission Southwest, LLC to construct $55 million Oklahoma transmission project - Southwest Power Pool

SPP board selects NextEra Energy Transmission Southwest , LLC to construct $ 55 million Oklahoma transmission project .

USA: 2 CCA’s Turn Offtakers From 500 MW Solar Project

MBCP and SVCE in the US have chosen NextEra Energy 's 500 MW solar power plant with storage to offtake some power from

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Sources

1

1

1

10

10

NextEra Energy Team

8 Team Members

NextEra Energy has 8 team members, including current Senior Director, Bruce Curling.

Name

Work History

Title

Status

Bruce Curling

Senior Director

Current

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Name

Bruce Curling

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Work History

Title

Senior Director

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Status

Current

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