NextEra Energy Completes Campaign Finance Review, FP&L CEO Retirement Raises Concerns

We are maintaining our $82 per share NextEra fair value estimate after the company reported fourth-quarter operating earnings of $2.90 per share, compared with $2.55 per share in the same year-ago period. Management reaffirmed its 2023 EPS guidance of $2.98 to $3.13 per share, in line with our estimate. Management extended the company's 6% to 8% earnings growth expectations through 2026. We expect the company to achieve the high end of the range, which is consistent with management's view.