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Carly Devenport

Vice President and Equity Research Analyst at Goldman Sachs

Carly Davenport is a Vice President and Equity Research Analyst at Goldman Sachs, specializing in the utilities and energy sectors with a primary focus on electric power and oil refining companies. She currently covers 10 publicly traded firms, including a majority of utilities listed on the NYSE and select energy companies, and has issued 11 stock ratings over the last four years, with most recommendations being Hold. On independent platforms, her success rates vary, with a peak 78.57% success rate and up to a +68.8% return on top picks reported on TipRanks, and a 54.55% success rate with an average return of -29.59% on Stock Analysis. Davenport began her career at Goldman Sachs as an intern in 2015, progressing through the ranks from associate to Vice President, holds an undergraduate degree from Elon University, and is FINRA registered through Goldman Sachs & Co. LLC.

Carly Devenport's questions to NEXTERA ENERGY (NEE) leadership

Question · Q3 2025

Carly Devenport asked about the impact of demand pull-forward related to tax credits on backlog additions, specifically if it's primarily a 2028-plus opportunity or if it could also affect 2026 and 2027. She also inquired about the cadence and variability of the $0.16 average EPS accretion from Duane Arnold over its first 10 years.

Answer

John Ketchum, Chairman, President, and CEO of NextEra Energy Inc., explained that the demand pull-forward escalates closer to 2030, with 2026 and 2027 backlog filling progressing well. He emphasized strong positioning for 2028, 2029, and 2030 due to FEOC compliance and safe harbor. Regarding Duane Arnold's EPS accretion, Mr. Ketchum clarified that there is no significant year-to-year variability, with minor fluctuations primarily due to refueling outages.

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