NextEra Energy Inc
NEECompany Overview
NextEra Energy, Inc. engages in the provision of renewable energy. It operates through the following segments: FPL and NEER. The FPL segment involves the generation, transmission, distribution, and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar. The company was founded on December 28, 1925 and is headquartered in Juno Beach, FL.
Country
US
Market Cap
$125.12B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
0.00%
passed
Liabilities Compliance
60.71%
failed
Final Shariah Status
Failed
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
Stock Information
| Name | NextEra Energy Inc |
| Ticker | NEE |
| Main Business | Utilities—Regulated Electric |
| Type | Common Stock |
| Industry | Utilities—Regulated Electric |
| Country | US |
| Market Cap | $125.12 B |
Shariah Analysis Breakdown
Business compliance Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Florida Power & Light Company (FPL) | $17,280.0 | $0.0 | - |
| NextEra Energy Resources, LLC (NEER) | $3,720.0 | $0.0 | - |
| Corporate and Other | $-46.0 | $0.0 | - |
| Interest income | $0.0 | $0.0 | - |
| Total | $20,954.0 | $0.0 | 0.00% (passed) |
Liabilities Compliance Breakdown
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| current debt and capital lease obligation | $11,810,000,000.0 | 9.44% |
| long term debt and capital lease obligation | $61,410,000,000.0 | 49.08% |
| derivative product liabilities | $2,740,000,000.0 | 2.19% |
| Total Interest-Bearing Debt | $75,960,000,000.0 | 60.71% |
| Market Capitalization | $125,124,400,000.0 | 100.00% |
| Compliance Status | Threshold: 33% | failed |