CLAIM #45419 · Nextera Energy Inc (NEE) · 2024Q3 earnings call · Oct 23, 2024 · due Oct 23, 2025
“It is clearly a change dynamic in terms of need for what we have to offer. And it's safe to say that there are opportunities for us to improve margin and where that makes sense, we certainly are taking advantage of that. So I would say it's much more of an upward trajectory than staying the same and certainly not going down.”
Rebecca J. Kujawa · CEO, NextEra Energy Resources
In context
“from a viability standpoint at scale. It's -- we're prioritizing other generation resources at this time and I think renewables are, as I said in my prepared remarks are here for the long haul. David Arcaro : And then you had mentioned renewables returns earlier, just given the strong demand backdrop. Wondering if you could just give a little bit more color on what you're seeing in terms of the trend of renewable returns for incremental projects right now? John Ketchum : Sure. I'm going to turn that over to Rebecca. Rebecca Kujawa : As you might expect from our comments on not only the second quarter in a row of 3 gigawatt signings and the real excitement for us on these framework agreements, not just the ones we announced, but also ones that we haven't gotten to the point of announcing. It is clearly a change dynamic in terms of need for what we have to offer. And it's safe to say that there are opportunities for us to improve margin and where that makes sense, we certainly are taking advantage of that. So I would say it's much more of an upward trajectory than staying the same and certainly not going down. And you should also expect that we will continue to be very disciplined in both the capital allocation as well as being aware of where cost of capital are. So as we've seen changes in rates, you should also expect us to respond appropriately to that. But the market dynamic for us and our unique position in this industry is a very positive tailwind for us. Operator: The next question comes from Jeremy Tonet with JPMorgan. Jeremy Tonet : Just want to turn to the near backlog additions. It looks like 3 gigs has been added the past few quarters here, and it looks like about 11 over the past year. Just wondering, I guess, your expectation for run rate backlog additions over an extended period of time. Should we be thinking kind of like 12 a year roughly? Or do you see that increasing over time”
Verify independently
SEC filings for NEE ↗ · Claim quote is verbatim from the 2024Q3 earnings call.