July 23 (Reuters) - NextEra Energy ( NEE/PU ) beat Wall
Street estimates for second-quarter adjusted profit on
Wednesday, driven by strong performance in its renewables unit
amid rising power demand from AI data centers and hyperscalers.
Power consumption in the U.S. is expected to reach
record highs in 2025 and 2026, according to the U.S. Energy
Information Administration.
This surge is fueled by growing electricity needs from
AI and cryptocurrency data centers, as well as increasing
electrification of homes and businesses.
Florida Power & Light, the company's regulated utility,
reported net income of $1.28 billion, up 4% from a year earlier.
NextEra Energy Resources, NextEra's renewables arm,
added about 3.2 gigawatts of new renewables and storage to its
backlog during the quarter, including more than 1 gigawatt
serving hyperscalers.
The Florida-based company earned $1.05 per share on an
adjusted basis, compared with analysts' average estimate of
$1.01 per share, according to data compiled by LSEG.