NextEra Energy's Tough Love: Is It a Buy After Cutting XPLR Infrastructure Loose?
NextEra Energy (NYSE: NEE) is one of the largest regulated utilities in the United States. It is also one of the largest solar and wind companies in the world. This combination has led to impressive growth for NextEra Energy, notably including its dividend.There has been a little wrinkle in the growth story, however, represented by a limited partnership now known as XPLR Infrastructure (NYSE: XIFR). NextEra Energy's decision with regard to XPLR Infrastructure was a tough call, but does it make NextEra Energy a better or worse investment choice?As noted, NextEra Energy is a mixture of a regulated utility and a renewable power company. On the regulated side, NextEra is very well situated. Its main business is Florida Power & Light, which operates in a state that has long benefited from in-migration. More customers mean more revenue and more opportunity for capital investment. This is an advantaged business.Continue reading
NextEra Energy (NYSE: NEE) is one of the largest regulated utilities in the United States. It is also one of the largest solar and wind companies in the world. This combination has led to impressive growth for NextEra Energy, notably including its dividend.
There has been a little wrinkle in the growth story, however, represented by a limited partnership now known as XPLR Infrastructure (NYSE: XIFR). NextEra Energy's decision with regard to XPLR Infrastructure was a tough call, but does it make NextEra Energy a better or worse investment choice?
As noted, NextEra Energy is a mixture of a regulated utility and a renewable power company. On the regulated side, NextEra is very well situated. Its main business is Florida Power & Light, which operates in a state that has long benefited from in-migration. More customers mean more revenue and more opportunity for capital investment. This is an advantaged business.
