Nextera Energy Inc (NEE)
NextEra Energy, Inc. is an American energy company with about 46 gigawatts of generating capacity, revenues of over $17 billion in 2017, and about 14,000 employees throughout the US and Canada. Its subsidiaries include Florida Power & Light (FPL), NextEra Energy Resources, NextEra Energy Partners, Gulf Power Company, and NextEra Energy Services.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 61.13% per annum.
- NEE price at the close of November 20, 2024 was $76.88 and was lower than the bottom border of the primary price channel by $1.67 (2.12%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 47.04% per annum.
- NEE price at the close of November 20, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of NEE price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: September 28, 2023
End date: October 31, 2024
a = 2.0861
b = 0.0013
s = 0.0544
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 61.13%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0544) – 1
= 24.33%
September 28, 2023 calculations
Top border of price channel:
Exp(Y968)
= Exp(a + b × X968 + 2 × s)
= Exp(a + b × 1,407 + 2 × s)
= Exp(2.0861 + 0.0013 × 1,407 + 2 × 0.0544)
= Exp(4.0338)
= $56.48
Bottom border of price channel:
Exp(Y968)
= Exp(a + b × X968 – 2 × s)
= Exp(a + b × 1,407 – 2 × s)
= Exp(2.0861 + 0.0013 × 1,407 – 2 × 0.0544)
= Exp(3.8161)
= $45.43
October 31, 2024 calculations
Top border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 + 2 × s)
= Exp(a + b × 1,806 + 2 × s)
= Exp(2.0861 + 0.0013 × 1,806 + 2 × 0.0544)
= Exp(4.5553)
= $95.14
Bottom border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 – 2 × s)
= Exp(a + b × 1,806 – 2 × s)
= Exp(2.0861 + 0.0013 × 1,806 – 2 × 0.0544)
= Exp(4.3376)
= $76.52
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 61.13% per annum.
- NEE price at the close of November 20, 2024 was $76.88 and was lower than the bottom border of the primary price channel by $1.67 (2.12%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 11, 2024
End date: November 20, 2024
a = 7.5154
b = -0.0017
s = 0.0261
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0017) – 1
= -47.04%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0261) – 1
= 11.01%
September 11, 2024 calculations
Top border of price channel:
Exp(Y1,207)
= Exp(a + b × X1,207 + 2 × s)
= Exp(a + b × 1,756 + 2 × s)
= Exp(7.5154 + -0.0017 × 1,756 + 2 × 0.0261)
= Exp(4.5096)
= $90.89
Bottom border of price channel:
Exp(Y1,207)
= Exp(a + b × X1,207 – 2 × s)
= Exp(a + b × 1,756 – 2 × s)
= Exp(7.5154 + -0.0017 × 1,756 – 2 × 0.0261)
= Exp(4.4052)
= $81.88
November 20, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(7.5154 + -0.0017 × 1,826 + 2 × 0.0261)
= Exp(4.3877)
= $80.46
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(7.5154 + -0.0017 × 1,826 – 2 × 0.0261)
= Exp(4.2833)
= $72.48
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 47.04% per annum.
- NEE price at the close of November 20, 2024 was inside the secondary price channel.