NextEra Energy Got Cheaper While The AI Buildout Pushed Its Backlog To 35.1 GW

NextEra Energy delivered a strong Q2, with adjusted EPS up 9.5% YoY and NEER earnings up 18%, reinforcing my bullish stance. NEE reaffirmed 2026 adjusted EPS guidance ($3.92–$4.02), targeting the top end, and internal S-4 forecasts suggest even higher growth potential. FPL’s large load pipeline expanded, with 12 GW in advanced talks and regulatory support, while NEER’s renewables backlog reached 35.1 GW. NEE offers an 8%+ EPS growth floor, robust dividend growth, and strategic positioning for AI-driven power demand and the Dominion merger.

NextEra Energy ( NEE ) just delivered the type of quarter I wanted to see after the bullish Q1 print. NEE’s adjusted EPS came in at $1.15 which was a 9.5% YoY increase and a $0.04 beat