Bernard Horn Comments on NextEra Energy

Oct 30, 2014

In utilities, absolute positive performance for Guangdong Investment (HKSE:00270) was not enough to compensate for weakness in NextEra Energy and Allete (ALE). NextEra (NEE) reported flat year-on-year growth in adjusted earnings per share for the second quarter. Capital projects for NextEra’s subsidiary, Florida Power & Light, remain on schedule and second quarter earnings per share rose slightly compared to the first quarter.

From Bernard Horn (Trades, Portfolio)’s Polaris Global Value Fund Q3 2014 Shareholder Letter.

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