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Stock impact report

Nelnet Reports Fourth Quarter 2023 Results [Yahoo! Finance]

Nelnet, Inc. (NNI) 
US:NYSE Investor Relations: nelnet.com/investors
Company Research Source: Yahoo! Finance
of 2023, compared with GAAP net income of $30.8 million , or per share, for the same period a year ago. Excluding derivative market value adjustments , the company's net loss was $1.3 million , or per share, for the fourth quarter of 2023, compared with net income of $36.4 million , or per share, for the same period in 2022. During the fourth quarter of 2023, the company recognized a net loss after taxes and noncontrolling interest from its Nelnet Renewable Energy division of $40.3 million (or per share) that included operating losses and impairment charges related to its solar construction business and investment losses on tax equity investments. "Our commitment has always been dedicated to the creation of long-term value and making strategic decisions aimed at maximizing long-term cash flow," said Jeff Noordhoek , chief executive officer of Nelnet. "Our solar engineering and construction company, acquired in the summer of 2022, has experienced several challenges resulting in c Show less Read more
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