WHY NEE HAD HUGE DROP DOWN PRICE ON 22 MAY?

NextEra Energy (NEE) experienced a significant drop in its stock price on May 22 due to several factors:

1. Trump's Tax Bill: The passage of a tax and spending bill by the U.S. House of Representatives had a detrimental impact on NextEra Energy's stock price. The bill, which nullifies several green energy subsidies that have been crucial for the renewable energy sector, is seen as a threat to NextEra's business model. The company's spinoff, XPLR Infrastructure (XIFR), which focuses on wind, solar, battery storage, and natural gas pipeline projects, also saw a significant drop. The bill's accelerated phase-out of tax credits for solar and wind projects by 2029, rather than the previous 2031, has created uncertainty about the future of clean energy investments. This has led to a widespread sell-off in renewable energy stocks, including NextEra Energy.
2. Market Sentiment: The bill's implications have been broadly negative for the clean energy sector, leading to a significant decline in investor confidence. This sentiment could have contributed to the drop in NextEra Energy's stock price, as investors may have become more cautious about the company's long-term prospects in a post-subsidy environment.

In summary, the combination of the Trump administration's tax bill and market sentiment has led to a significant drop in NextEra Energy's stock price on May 22.