February 22, 2012

NextEra Profits on Wind

Wind energy hasn’t been getting the hype it deserves this past year, especially with so much focus on solar power and the rapidly declining price of solar panels.

But quietly building its profit was NextEra Energy Inc. (NYSE: NEE), a company that works heavily in renewable power, particularly solar and wind.

In the fourth quarter of 2011, NextEra was able to double its net income from a year before.

In 2010, the company had a net income of $263 million, compared with its new announcement of $667 million.