Nextera Energy (NEE)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $154.2B, Nextera Energy's free cash flow of $3.8B (fiscal 2025) would need to grow about 14% a year for the stock to be worth today's price. That is faster than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Nextera Energy's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from NEE's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Nextera Energy's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $17.1B | $21.0B | $28.1B | $24.8B | $27.4B |
| Net income | $3.6B | $4.1B | $7.3B | $6.9B | $6.8B |
| Free cash flow | $145M | -$805M | $2.0B | $5.3B | $3.8B |
| EPS (diluted) | $1.81 | $2.10 | $3.60 | $3.37 | $3.30 |
| Operating margin | 17.1% | 19.5% | 36.4% | 30.2% | 30.2% |
Superinvestors who own NEE
From each investor's latest 13F filing (what a 13F shows). 7 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Hersh Cohen ClearBridge Investments |
Trimmed | $247M | 0.20% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $70M | 0.02% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Trimmed | $20M | 0.18% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $4M | 0.01% | Q2 2026 |
| Dodge & Cox Dodge & Cox |
Trimmed | $2M | 0.00% | Q2 2026 |
| Murray Stahl Horizon Kinetics LLC |
Held | $251,022 | 0.00% | Q2 2026 |
| Will Nasgovitz Heartland Advisors |
Held | $228,202 | 0.01% | Q2 2026 |
Insider buying
Open-market purchases by Nextera Energy's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Apr 7, 2026 | Rick Larsen |
0 | $93.50 | — |
| Apr 7, 2026 | Rick Larsen |
0 | $93.50 | — |
| Mar 19, 2026 | Ro Khanna |
0 | $92.40 | — |
| Mar 19, 2026 | Ro Khanna |
0 | $92.40 | — |
| Feb 17, 2026 | Ro Khanna |
0 | $92.62 | — |
| Feb 17, 2026 | Ro Khanna |
0 | $92.62 | — |
| Nov 5, 2025 | Richard Mccormick |
0 | $82.11 | — |
| Nov 5, 2025 | Richard Mccormick |
0 | $82.11 | — |
| Oct 17, 2025 | Ro Khanna |
0 | $84.48 | — |
| Oct 17, 2025 | Ro Khanna |
0 | $84.48 | — |
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In the full deep dive
Questions
What growth does Nextera Energy's stock price imply?
At a market value of $154.2B, Nextera Energy would need its free cash flow to grow about 14% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 4% a year.
Are Nextera Energy insiders buying the stock?
10 open-market insider purchases of NEE in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Nextera Energy?
7 of the superinvestors Investingly tracks hold NEE in their latest 13F, including Hersh Cohen, Cliff Asness, Mario Gabelli.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.