- NextEra Energy (NEE) shares rose to an all-time high today after reporting better than expected Q1 earnings and announcing it had filed to form a separate yield company for its renewable power plants.
- NEE filed plans with the SEC for a proposed IPO of the yieldco, CEO Jim Robo said today during its earnings call.
- Yieldcos - existing power plants and projects are bundled into new subsidiaries, and their shares are sold and traded on stock exchanges - are rising in popularity among energy and renewable energy companies, with several said to be in the works.
From other sites
at CNBC.com (Jan 12, 2015)
at CNBC.com (Dec 4, 2014)
at CNBC.com (Nov 13, 2014)
at CNBC.com (Nov 5, 2014)
at CNBC.com (Sep 19, 2014)
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