NextEra Energy Resources SWOT Analysis, Competitors & USP
Published by MBA Skool Team, Last Updated: April 12, 2020
SWOT analysis of NextEra Energy Resources analyses the brand by its strengths, weaknesses, opportunities & threats. In NextEra Energy Resources SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.
SWOT Analysis is a proven management framework which enables a brand like NextEra Energy Resources to benchmark its business & performance as compared to the competitors. NextEra Energy Resources is one of the leading brands in the energy & power sector.
The article below lists the NextEra Energy Resources SWOT (Strengths, Weaknesses, Opportunities, Threats), top NextEra Energy Resources competitors and includes its target market, segmentation, positioning & Unique Selling Proposition (USP).
For NextEra Energy Resources, SWOT analysis can help the brand focus on building upon its strengths and opportunities while addressing its weaknesses as well as threats to improve its market position. Let us start the NextEra Energy Resources SWOT Analysis:
NextEra Energy Resources Strengths
The strengths of NextEra Energy Resources looks at the key aspects of its business which gives it competitive advantage in the market. Some important factors in a brand's strengths include its financial position, experienced workforce, product uniqueness & intangible assets like brand value. Below are the Strengths in the SWOT Analysis of NextEra Energy Resources :
1. Strong R&D capabilities with 85 wind facilities
2. Nuclear generation assets alongwith hydro energy, wind power, solar power 3. Strong reputation in power plant development and construction based on standardized processes 4. State of art equipment, new technology 5. Competitive wholesale power generator
6. Well diversified energy portfolio
7. Power generation through the use of clean-burning fuels and renewable resources
NextEra Energy Resources Weaknesses
The weaknesses of a brand are certain aspects of its business which are it can improve to increase its position further. Certain weaknesses can be defined as attributes which the company is lacking or in which the competitors are better. Here are the weaknesses in the NextEra Energy Resources SWOT Analysis:
1.Produce large amounts of greenhouse gas emissions as part of its day-to-day operations
2. Employee Unrest
3. Geographically not well diversified
NextEra Energy Resources Opportunities
The opportunities for any brand can include areas of improvement to increase its business. A brand's opportunities can lie in geographic expansion, product improvements, better communication etc. Following are the opportunities in NextEra Energy Resources SWOT Analysis:
1.Increase wind power generation 2.Future development of nuclear power 3.Plans to reduce CO2 emission
NextEra Energy Resources Threats
The threats for any business can be factors which can negatively impact its business. Some factors like increased competitor activity, changing government policies, alternate products or services etc. can be threats. The threats in the SWOT Analysis of NextEra Energy Resources are as mentioned:
1.Rising cost of production, volatile cost of input material 2.Decreasing demand, economic slowdown
3. Changing dynamics of energy sources
4. Increasing competition, consolidation
5. Environmental regulation
NextEra Energy Resources Competitors
There are several brands in the market which are competing for the same set of customers. Below are the top 3 competitors of NextEra Energy Resources:
1. Dominion Resources
2. American Electric
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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