"NextEra Sees Path Amid Virus to Expand Clean-Power Dominance"

"NextEra Energy Inc., the world’s largest utility owner by market value, says it’s poised to increase its dominance over other renewable power developers amid fallout from the coronavirus.

The Juno Beach, Florida-based company will benefit from its access to cheap financing and other advantages as its smaller rivals struggle, John Ketchum, who leads NextEra’s competitive power business, said on a call with analysts Wednesday.

“We’re actually seeing more opportunities coming our way,” Ketchum said.

NextEra was the first major U.S. utility to report quarterly earnings and said its performance has been largely unaffected by the pandemic. Its results exceeded analysts expectations, and the company left its outlook unchanged.

The shares rose 5% Wednesday."

Gerson Freitas Jr. reports for Bloomberg News April 22, 2020.

Source: Bloomberg Environment, 04/23/2020