NextEra Energy (NEE.US) Reaffirms FY2026 Guidance: Plans 6GW New Nuclear Capacity to Capture Data Center Power Demand

Stock News
01/28

During the earnings call following its Tuesday results announcement, NextEra Energy (NEE.US) stated it is considering expanding nuclear power plants to supply electricity for data centers and revealed it is in advanced negotiations to power an additional 9GW of server warehouses. NextEra Energy announced last year it would restart the Duane Arnold nuclear plant in Iowa to supply power for a Google data center. The company indicated it currently has the capability to add 6GW of new nuclear technology at existing nuclear plant sites to meet data center demand, while also considering developing advanced nuclear power through greenfield projects. CEO John Ketchum stated that NextEra Energy is already selling significant amounts of power from its nuclear plants located in Wisconsin and New Hampshire. Both of these plants are not bound by utility regulatory frameworks, allowing their power to be sold to the highest bidder. Ketchum also mentioned that the company expects to announce partnerships with large power customers, typically data centers, within its regulated utility operations in Florida this year. The financial report shows NextEra Energy's fourth-quarter net profit increased to $1.54 billion from $1.2 billion in the same period last year, with earnings per share at $0.73 compared to $0.58 a year earlier; adjusted earnings per share were $0.54, one cent higher than Wall Street consensus expectations; revenue grew 20% year-over-year to $6.5 billion but fell short of analyst forecasts. The company reaffirmed its FY2026 adjusted earnings per share guidance of $3.92-$4.02 and maintained its expectation that the compound annual growth rate for adjusted EPS will remain above 8% through 2032, a trend anticipated to continue into the 2032-2035 period. All forecasts are based on a full-year 2025 adjusted EPS of $3.71.

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