NextEra Energy (NEE) Stock Set for Seven-Day Gain, Up Over 2%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Stock Price Surge: NextEra Energy's shares rose over 2% to $83.94 in afternoon trading on Friday, positioning the stock for a seven-day gain, indicating strong market performance.
- Annual Performance Outshines Market: The stock gained over 12% last year, compared to a more than 16% rise in the S&P 500, reflecting its relative stability and attractiveness in the market.
- Analyst Ratings Optimistic: Seeking Alpha's Quant Rating gives NEE a Hold rating of 3.16, with 16 analysts rating it Buy or higher, showcasing market confidence in its future growth prospects.
- Positive Profit Outlook: Recent deals with Google and Meta indicate that NEE's capital expenditures are strategically sound, with expectations for over 8% annual adjusted EPS growth, reflecting strong profitability and market demand.
Analyst Views on NEE
Wall Street analysts forecast NEE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NEE is 92.56 USD with a low forecast of 84.00 USD and a high forecast of 98.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
12 Buy
4 Hold
0 Sell
Strong Buy
Current: 82.190
Low
84.00
Averages
92.56
High
98.00
Current: 82.190
Low
84.00
Averages
92.56
High
98.00
About NEE
NextEra Energy, Inc. is an electric power and energy infrastructure company. It operates through its wholly owned subsidiaries, NextEra Energy Resources, LLC and NextEra Energy Transmission, LLC (collectively, NEER) and Florida Power & Light Company (FPL). Its segments include NEER and FPL. FPL segment is a rate-regulated electric utility engaged in the generation, transmission, distribution and sale of electric energy in Florida. FPL has approximately 35,052 megawatts of net generating capacity, over 91,000 circuit miles of transmission and distribution lines and 921 substations. The NEER segment owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets in the United States and Canada and includes assets and investments in other businesses with a clean energy focus, such as battery storage, natural gas pipelines, and renewable fuels. It owns, develops, constructs and operates rate-regulated transmission facilities in North America.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
