By Matt Grossman
NextEra Energy Inc. on Friday affirmed previously issued financial guidance forecasting 6% to 8% adjusted earnings per share growth annually in 2021 and 2022.
The Juno Beach, Fla.-based utility said it expects full-year 2020 adjusted earnings to be between $8.70 a share and $9.20 a share. Analysts polled by FactSet have forecast full-year earnings of $9.09 a share.
Operating cash flow is expected to grow in line with adjusted earnings, NextEra said.
"I will be disappointed if we are not able to deliver financial results at or near the top end of our adjusted earnings per share expectations ranges in 2020, 2021 and 2022," Chairman and Chief Executive Jim Robo said.
The guidance accounts for a reasonable range of impacts and outcomes from the Covid-19 pandemic, Mr. Robo added.
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