NextEra plans to raise $1.5 billion to fund energy projects

NextEra, which owns the world's largest renewables business and one of the biggest U.S. regulated electric utilities, reported a backlog of 24 gigawatts (GW) in the third quarter for its renewable arm. The company said on Monday that each equity unit, issued in a stated amount of $50, will consist of a contract to buy NextEra's common stock in three years in cash and based on a range from zero to 25% premium, compared to the closing price of Oct. 28. NextEra shares closed up 1.8% at $82.87 on Monday but dropped 2.4% after the bell.