Tag Archives: FPL Group

FPL Group (FPL) Beats On EPS, Light In Revenue; Reaffirms Guidance

FPL Group (FPL) reported results that were about flat over the year ago quarter.  They beat on the EPS side by .07, reporting .94/share, but revenues were a bit lighter than what analysts expected at $3.58 billion.  All in all, a ho hum quarter and traders are selling the stock a bit today after the stock ran up over 10% in the past two months.   Increased demand for electricity at Florida Power & Light due … Read the rest

New Solar Installation by FPL (FPL) And Sunpower (SPWRA) Opens On Florida’s Space Coast

FPL just announced that its new FPL’s Space Coast Next Generation Solar Energy Center has opened at Kennedy Space Center. The 10 MW facility consists of about 35,000 SunPower solar PV panels. SunPower designed and built the installation for FPL and NASA, who worked as partners on the project. Over the life of the panels, the center is expected to reduce carbon dioxide emissions by 227,000 tons.

In a press release, FPL President and … Read the rest

FPL Group (FPL) Halts Streak Of Revenue Growth.. Blame It On El Nino

FPL Group (FPL) beat Wall St estimates this morning, posting .79/share, but the positives stop there.  Quarter over quarter revenue growth came to a halt for the the first time in a few years with a 12% decrease over the year ago quarter.  Earnings also decreased from the year ago quarter.. by 9%.

The company attributed some of the weakness to its NextEra unit which was hit by the extension of a planned outage … Read the rest

Wells Fargo (WFC) Upgraded FPL Group (FPL) To Outperform

FPL Group (FPL), the largest producer of solar and wind power in the US, got a Wells Fargo upgrade today from Market Perform to Outperform.  Hat tip to StreetInsider.com for the following analyst comment:

“We believe shares deserve a premium valuation given a comparatively strong EPS growth and credit profile and below average earnings variability due to lower commodity price sensitivity…We project 5-year annual EPS growth of 7-8% (off a 2008 ongoing EPS base of … Read the rest

FPL Group (FPL) Missed Earning Estimates & Guided Lower

The nation’s largest provider of renewable energy power disappointed investors this morning by missing analyst estimates and guiding lower for this year and next.  FPL Group (FPL) reported a non GAAP EPS of 1.38/share, missing estimates by .03.  Revenues were disappointing as well coming in at $4.47 billion which was a 17% decline from the year ago quarter.  To make matters worse, the company is lowering guidance.  For 2009, the company now expects an EPS … Read the rest

FPL Group (FPL) And Duke Energy (DUK) Announce New Year’s Resolution: Commitment To Plug-In Hybrid And Electric Vehicles

FPL Group and Duke Energy just made a public commitment to switch to plug-in hybrids or electric vehicles. The commitment period starts January 1, 2010.  The stated goal for both companies is to have all of their new company cars, trucks and fleet vehicles switched over by 2020.

This is big news: the commitment will create a demand for 10,000 new plug-in electric vehicles, and automakers who can meet that demand could claim a chunk … Read the rest

FPL Group (FPL) Reports Mixed Results; Strength In Clean Energy Division

FPL Group (FPL) which is the largest producer of solar and wind power in the US reported solid earnings this morning, driven by strength in its NextEra Energy Resources business (profits up 30%).

“Our earnings for the quarter were solid overall, with lower year-over-year earnings at Florida Power & Light Company more than offset by the performance of NextEra Energy Resources. While the Florida economy is quite challenging, we are delivering exceptional value to FPL … Read the rest

FPL Group (FPL) Reports Strong Quarter, Raises Outlook

FPL Group (FPL) reported earnings this morning and it was a strong quarter in a tough environment.  The leading provider of wind and solar energy reported a non GAAP EPS number of .90/share beating estimates by .13/share. 

It’s NextEra Energy Resources division which houses its wind and solar operations produced  good results with an EPS of .62/share (a 13% increase over the year ago quarter) however the gains were driven by new investments in wind … Read the rest

FPL Group (FPL) & SunPower (SPWRA) Sign Solar Power Supply Agreement

SunPower (SPWRA) will begin supplying its high efficiency solar panels and Tracker technology beginning next year to FPL Group (FPL) it was announced today.  It’s also being announced that the the company will locate a research and development center employing up to 50 employees in Florida if the state government continues to support the deployment of additional solar energy. This is follow on work to previous partnerships.  No word on the size of this deal.  … Read the rest

FPL Group, Inc. (FPL) To Set Up Solar-Powered City

Do you want to live in a carbon-neutral city? There’s no longer any need to move to Masdar City in Dubai to make that dream a reality. FPL Group, Inc, just announced that it will work together with Kitson & Partners, a real estate investment firm, to build a carbon-neutral, zero-waste city right here in the USA. The city, which will be called Babcock Ranch and located in Florida, will be powered by a 75-MW … Read the rest