NextEra hits new record on plans to form yieldco for renewable power plants

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.

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Comments (1)
  • smurf
    , contributor
    Comments (6277) | Send Message
    NEE (formerly FPL) investor for 22 years, DRIPing all the way, and very pleased with the investment. This company is, IMO, among the top % utilities in the country. I know, I'm one of their customers.
    1 May 2014, 12:49 AM Reply Like
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