NextEra Energy beats first-quarter profit estimates

NextEra Energy (NEE.N) surpassed Wall Street’s first-quarter adjusted profit forecasts, driven by strong performance in its renewables division and a surge in power demand. The company’s regulated utility, Florida Power & Light (FPL), reported an 11.1% increase in net income for the quarter. This robust growth comes as the U.S. anticipates record power consumption in 2026 due to the expansion of data centers for AI and cryptocurrency, alongside increasing electrification for heating and transportation.

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