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Search resuls for: "Energy Capital Holdings"


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Check out the companies making headlines in premarket trading: La-Z-Boy — Shares jumped more than 9% after La-Z-Boy's latest quarterly results beat expectations. The furniture company posted fiscal fourth-quarter adjusted earnings of 95 cents per share on revenue of $554 million. Analysts polled by LSEG anticipated earnings of 70 cents per share on revenue of $516 million. Semiconductor stocks — Chip stocks were higher on Tuesday, adding to the outperformance seen in recent days. Lennar reported $3.45 in earnings per share on $8.77 billion of revenue.
Persons: , LSEG, Wells Fargo, Lennar, — CNBC's Michelle Fox, Sarah Min, Jesse Pound Organizations: Semiconductor, Broadcom, Qualcomm, Micron Technology, Nvidia, NextEra Energy, NextEra Energy Capital Holdings, Kroger, BMO Capital Markets
NextEra Energy stock fell nearly 5% in early trading Tuesday after announcing a plan to sell $2 billion in equity units to finance power projects as electricity demand rises and to pay back debt. The Florida-based power company, which operates the largest portfolio of renewable energy in the U.S., will issue equity units for $50, which will serve as a contract to purchase shares no later than June 1, 2027. The utility sector has gained about 8.5% over the past three months, outpacing the 6.2% gain by the S&P 500. But the utility space has cooled off over the past month, with NextEra falling 5% over that period. About 71% of Wall Street analysts rate NextEra as the equivalent of buy, while 24% have put a hold on the stock and 4.8% have recommended that investors sell.
Persons: NextEra, Goldman Sachs, Goldman, Carly Davenport Organizations: Energy, Energy Capital Holdings, UBS, Wall Street Locations: Florida, U.S
Miniatures of windmill, solar panel and electric pole are seen in front of NextEra Energy logo in this illustration taken January 17, 2023. Representatives for the U.S. Department of Justice, NextEra and Texas didn’t immediately respond to requests for comment Monday. Circuit Court of Appeals in August said the state’s law likely violated the clause and sent the case back to a Texas federal court for further consideration. V. NextEra Energy Capital Holdings, U.S. Supreme Court, case No. For Texas: Judd Stone of the Texas Attorney General’s OfficeFor NextEra: Lino Mendiola of Eversheds Sutherland, Stuart Singer of Boies Schiller Flexner and Matthew Price of Jenner & Block
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