NextEra Energy (NEE) Offering Possible 13.96% Return Over the Next 16 Calendar Days

NextEra Energy's most recent trend suggests a bullish bias. One trading opportunity on NextEra Energy is a Bull Put Spread using a strike $230.00 short put and a strike $210.00 long put offers a potential 13.96% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $230.00 by expiration. The full premium credit of $2.45 would be kept by the premium seller. The risk of $17.55 would be incurred if the stock dropped below the $210.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for NextEra Energy is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for NextEra Energy is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for NextEra Energy

NextEra Energy and NextEra Energy Partners to meet with investors through early October and present at the 2019 Wolfe Research Utilities & Energy Conference
Mon, 30 Sep 2019 20:30:00 +0000
JUNO BEACH, Fla. , Sept. 30, 2019 /PRNewswire/ — NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) today announced that members of the senior management team are scheduled to …

A Renewable Energy Giant Makes a $1 Billion Bet on Natural Gas
Mon, 30 Sep 2019 17:45:37 +0000
(Bloomberg) — One of America’s biggest renewable-energy companies is making a bet on natural gas.NextEra Energy Partners LP agreed to buy Meade Pipeline Co., an owner of a pipeline that provides gas from Pennsylvania, in a deal valued at about $1.37 billion, according to a statement Monday.While NextEra Energy Partners already owns pipelines in Texas, it’s viewed by many investors as a wind and solar company, owning 5 gigawatts of renewables as of mid-June. The move to buy a pipeline comes as utilities and cities across the U.S. are pushing to drastically cut back on burning fossil fuel.“It is slightly surprising that NEP doubled-down on gas exposure,” Pavel Molchanov, an analyst at Raymond James, said in an interview Monday. “This is not what the company has generally been focused on.”Shares of NextEra Energy Partners gained as much as 1.7% Monday.‘Clean Energy’NextEra Energy Partners expects the deal to yield a double-digit return. Plus, the pipeline will help balance any “potential resource volatility” in the company’s existing portfolio, Jim Robo, chairman and chief executive officer, said in the statement.“Listen, when we did the original IPO, now I guess more than 5 years ago, we said the focus was going to be on clean-energy assets — and I view gas pipelines as clean energy,” Robo said on a call with analysts. “Gas is an important bridge to a low- or zero-carbon future, 30 years out.”While gas-fired generators emit fewer emissions than coal plants, environmentalists and local governments are increasingly pushing to phase out fossil fuels altogether as part of their efforts to fight climate change. In July, Berkeley, California, became the first U.S. city to ban natural gas from most new buildings. Its Bay Area neighbor, San Jose, followed suit with a ban on gas in most residential buildings. Other cities — including San Francisco and Seattle — are considering the move.Even NextEra Energy Partners’s parent company — which Robo also runs — is pushing to cut greenhouse gases, saying it will reduce its carbon dioxide emissions 40% by 2025, while doubling electricity production. The company, NextEra Energy Inc., is already the biggest U.S. wind and solar owner.Meade owns a roughly 40% interest in the Central Penn Line, a 185-mile (298-kilometer) interstate pipeline that connects the Marcellus Shale basin in Pennsylvania to the mid-Atlantic and Southeast. The deal is expected to close within the next 60 days, and it includes a $90 million expansion project expected to be completed in mid-2022. The Marcellus is the biggest source of U.S. natural gas.NextEra’s existing seven gas pipelines include the NET Mexico system, which carries U.S. shale gas south of the border.“Those types of assets, combined with renewables, give you a very solid base,” Robo said on the call.\–With assistance from Naureen S. Malik.To contact the reporters on this story: Brian Eckhouse in New York at beckhouse@bloomberg.net;David R. Baker in San Francisco at dbaker116@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, ;Lynn Doan at ldoan6@bloomberg.net, Joe Ryan, Christine BuurmaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

Where Southern Company Stock Might Go from Here
Mon, 30 Sep 2019 14:06:52 +0000
Southern Company (SO) stock gained again last week. SO stock has surged more than 40% and has outperformed the broader utilities.

NextEra Energy Partners To Buy Meade Pipeline In $1.37B Deal
Mon, 30 Sep 2019 11:47:29 +0000
Nextera Energy Partners LP (NYSE: NEP) said Monday it has reached an agreement to buy Meade Pipeline Co LLC for $1.37 billion, which includes an initial consideration of $1.28 billion, subject to working capital. “We are pleased to have reached a definitive agreement to acquire Meade Pipeline and its interests in the Central Penn Line, which is backed by an attractive fixed-lease payment with a high-credit quality customer, and further expand NextEra Energy Partners' investment in long-term contracted natural gas pipelines, helping mitigate any potential resource volatility in the portfolio,” NextEra CEO Jim Robo said in a statement. NextEra Energy Partners shares closed Friday's session higher by 0.58% at $52.40.

UPDATE 1-NextEra Energy Partners to buy Meade Pipeline for $1.37 billion
Mon, 30 Sep 2019 11:29:35 +0000
Independent power producer NextEra Energy Partners LP said on Monday it will buy Meade Pipeline Co LLC, a co-owner of the Central Penn Line in Pennsylvania, in a deal valued at about $1.37 billion, including some future capital contributions. The Central Penn Line is an intrastate natural gas pipeline that connects the Marcellus basin to mid-Atlantic and Southeastern regions in the United States. Meade Pipeline, a private joint venture between AltaGas Ltd's unit WGL Midstream, Cabot Oil & Gas Corp and EIF Vega Midstream, owns a 39.2% stake in the pipeline.

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