If you own shares of FPL group, one the country’s largest wind-power producers, here’s some good news for you: MSNBC reported that the company is raising its quarterly dividend by 6% . The new dividend, effective Friday, February 13th, is 47.25 cents per share. Last quarter, it was 44.5 cents per share. Also, FPL shares rose .51 during Friday afternoon trading, to $51.13. … Read the rest
Tag Archives: FPL Group
FPL Group (FPL) Tops Estimates With Strong Quarter, Fueled By NextEra Energy
FPL Group (FPL), called the Wal Mart of Wind by Barron’s and the largest producer of wind and solar energy in the US, reported earnings this morning that topped analyst estimates at .90/share and represents 25% growth over the year ago quarter on revenue growth of 9%. All in all, a very good quarter in a tough environment. The company remains comfortable with expectations for 2009 and 2010 with EPS guidance of $4.05 – $4.25 … Read the rest
FPL Group (FPL) Begins Construction Of 75 MW Solar-Thermal Power Plant
Florida Power and Light Company, part of FPL Group, Inc, began construction of a 75 MW solar-thermal plant in Martin County, Florida. The plant, which will be constructed from 180,000 mirrors, is an addition to an existing natural gas/oil-powered power station. Once the plant becomes operation in 2010, as long as the sun is shining it will reduce fossil fuel use at the power station by using solar-thermal energy along with a combined-cycle natural gas-fired … Read the rest