NextEra Energy, Inc. (NEE)
NextEra Energy pairs Florida Power & Light, a large regulated utility, with one of the world's biggest generators of wind and solar power. That combination positions it at the center of the shift to renewable electricity.
Utilities stock comparison
NEE vs SRE: which business are you actually underwriting?
Compare NextEra Energy, Inc. with Sempra using their business models, SEC classifications, fiscal calendars, current primary filings, and the research questions that matter. This is a thesis framework—not a price target or automatic winner.
- Sector
- Utilities
- Industry
- Different SIC
- Shared themes
- 2
- Updated
- 2026-02-26
NEE vs SRE: quick comparison
| Company fact | NEE | SRE |
|---|---|---|
| Company | NextEra Energy, Inc. | Sempra |
| Exchange | NYSE | NYSE |
| Headquarters | Juno Beach, Florida | San Diego, California |
| Founded | 1925 | 1998 |
| SEC industry | Electric Services | Gas & Other Services Combined |
| Fiscal year-end | December 31 | December 31 |
| Latest annual filing | 10-K · 2026-02-13 | 10-K · 2026-02-26 |
How the businesses differ
Sempra (SRE)
Sempra is an energy-infrastructure company with regulated utilities in California and Texas and a growing liquefied-natural-gas export business. Texas grid expansion and LNG exports anchor its long-term growth.
The useful starting point is not which ticker has performed better. It is whether the two companies convert the same economic forces into revenue and cash flow in the same way. NEE is classified by the SEC as Electric Services, while SRE is classified as Gas & Other Services Combined. The different industry codes are a warning against treating sector membership as proof of identical economics.
Which thesis does each company fit?
Use the distinction below to decide which filing deserves deeper work. It is a research routing rule, not a recommendation or prediction.
Study NEE when…
- Interest rates and dividend-yield competition
- Data-center and AI electricity demand
- Rate-case outcomes and regulation
- The grid buildout and energy transition
Study SRE when…
- Interest rates and dividend-yield competition
- Data-center and AI electricity demand
- Rate-case outcomes and regulation
- The grid buildout and energy transition
Shared research themes
US marketsRates & central banks
SEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable.NEE's fiscal year ends December 31, while SRE's ends December 31. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House Clerk snapshot contains 0matched transaction rows for NEEand 0 for SRE. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
NEE primary filings
SRE primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
More comparisons involving NEE or SRE
NEE vs SRE FAQs
Are NEE and SRE direct competitors?
NextEra Energy, Inc. and Sempra sit in the same Utilities sector but have different SEC industry classifications. The comparison is most useful for portfolio role and sector exposure, not as a claim that every product competes directly.
Which is better, NEE or SRE?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this NEE vs SRE comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. Use a regulated broker or licensed quote provider for current prices, then use the primary filings here to test the business thesis.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-08-10. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-08-10. Independent educational research; not investment advice.
Go beyond NEE vs SRE.
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