NextEra Energy

Largest U.S. utility by market cap — tracks clean energy capacity buildout against rising load.

$94.5

Trend YoY growth is +8.1%, accelerating by 5 bps/month over the last 5Y. Deviations have remained above trend for 106 consecutive periods. Latest: +45.8%, 37.7 pp above trend, a 2.1σ deviation. The latest YoY reading is depressed by 1.1 pp due to an tough comparison base from Apr 9.

Level

YoY %

y = 4.9% + 5 bps/mo · t

Deviation from trend

Forecast

Rolling 1Y trend forecast

Forecast made inMay '25Jun '25Jul '25Aug '25Sep '25Oct '25Nov '25Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26Dec '26Jan '27Feb '27Mar '27Apr '27
May '25+24.9%+25.5%+26.0%+26.6%+27.2%+27.8%+28.4%+28.9%+29.5%+30.1%+30.6%+31.2%+31.8%+32.4%+32.9%+33.5%+34.1%+34.7%+35.2%+35.8%+36.4%+37.0%+37.5%+38.1%
Jun '25+14.5%+13.5%+12.4%+11.3%+10.2%+9.1%+8.0%+6.9%+5.8%+4.8%+3.7%+2.6%+1.5%+0.5%-0.7%-1.8%-2.8%-3.9%-5.0%-6.1%-7.2%-8.2%-9.3%
Jul '25+6.1%+3.5%+0.9%-1.7%-4.3%-6.8%-9.4%-12.1%-14.4%-17.1%-19.6%-22.2%-24.7%-27.4%-30.0%-32.5%-35.1%-37.7%-40.3%-42.9%-45.3%-47.9%
Aug '25-3.0%-7.2%-11.3%-15.5%-19.5%-23.7%-27.9%-31.7%-35.9%-39.9%-44.1%-48.2%-52.3%-56.5%-60.6%-64.8%-68.8%-73.0%-77.2%-81.0%-85.2%
Sep '25-10.4%-15.4%-20.4%-25.4%-30.4%-35.5%-40.1%-45.2%-50.1%-55.2%-60.1%-65.2%-70.3%-75.2%-80.3%-85.2%-90.3%-95.4%-100.0%-105.0%
Oct '25-13.3%-18.1%-22.7%-27.6%-32.4%-36.8%-41.6%-46.3%-51.1%-55.8%-60.6%-65.4%-70.1%-74.9%-79.6%-84.4%-89.2%-93.6%-98.4%
Nov '25-9.0%-12.3%-15.7%-19.1%-22.2%-25.6%-28.9%-32.3%-35.6%-39.0%-42.4%-45.7%-49.1%-52.4%-55.8%-59.2%-62.2%-65.6%
Dec '25-3.5%-5.6%-7.6%-9.5%-11.6%-13.7%-15.7%-17.8%-19.9%-22.0%-24.0%-26.1%-28.1%-30.2%-32.3%-34.2%-36.3%
Jan '26+1.2%+0.0%-1.1%-2.3%-3.4%-4.6%-5.7%-6.9%-8.1%-9.2%-10.4%-11.6%-12.8%-13.9%-15.0%-16.2%
Feb '26+9.3%+9.5%+9.8%+10.0%+10.2%+10.4%+10.7%+10.9%+11.1%+11.4%+11.6%+11.8%+12.1%+12.3%+12.5%
Mar '26+20.1%+22.2%+24.2%+26.2%+28.2%+30.3%+32.4%+34.3%+36.4%+38.4%+40.4%+42.5%+44.4%+46.4%
Apr '26+30.5%+34.1%+37.7%+41.2%+44.9%+48.5%+52.1%+55.7%+59.3%+62.9%+66.6%+69.9%+73.5%