Jim Cramer on CNBC’s ‘Mad Money Lightning Round’ shared his insights on Vertiv, AES, NextEra Energy, and Hertz. He recommended buying Vertiv, praising its recent sales growth and book-to-bill ratio. He also expressed positive sentiment towards AES, highlighting its affordability. Cramer, however, expressed uncertainty about NextEra Energy, needing more information before forming an opinion. Regarding Hertz, he expressed concern about the company’s recent performance.
NextEra Energy (NEE) has reported strong first quarter results, including an 8.3% increase in adjusted earnings per share year-over-year. The company has made significant strides in expanding its renewable energy portfolio, adding 1,640 MW of new solar capacity and 2,765 MW of new renewables and storage projects to its backlog. With the US renewables and storage market expected to triple in size over the next seven years, NextEra Energy is poised to capitalize on the burgeoning demand.
NextEra Energy reported first quarter earnings per share (EPS) of $0.91, beating analyst estimates by $0.16. Revenue came in at $5.73 billion, below consensus estimates of $6.05 billion. The company raised its full-year EPS guidance, with an expected range of $3.23 to $3.43, compared to the analyst consensus of $3.40.
Dividend stocks provide a reliable stream of passive income, coupled with potential share appreciation. Experts have identified several dividend-paying companies that exhibit strong financial performance, resilience, and growth potential. These include NextEra Energy (NEE), American Express (AXP), and Automatic Data Processing (ADP). These companies have a history of consistent dividend payments, steady revenue growth, and robust cash flows, making them attractive options for dividend-focused investors.
