BUZZ-NextEra Energy falls after Trump's tax bill advances in US House

Reuters
05-23
BUZZ-NextEra Energy falls after Trump's tax bill advances in US House

** Shares of U.S.-based electric utility NextEra Energy NEE.N fall 7.8% to $65.94

** U.S. President Donald Trump's sweeping tax and spending bill could end many green-energy subsidies that have driven the renewable energy sector

** NEE's spinoff company XPLR Infrastructure XIFR.N, which owns and operates wind, solar, battery storage and natural gas pipeline projects in the U.S., down 6.5%

** "We believe the amendments made to the 'Big, Beautiful Bill' have negative implications for clean energy and could negatively impact demand," said RBC analyst Christopher Dendrinos

** Including session's moves, NEE down 7.8% and XIFR down 54.1% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com))

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