UBS Raises NextEra Energy (NEE) Target on Strength in NEER Segment
NextEra Energy, Inc. (NYSE:NEE) is included among the 14 Best American Dividend Stocks to Invest in.
On March 5, UBS boosted its price recommendation on NextEra Energy, Inc. (NYSE:NEE) to $104 from $91. The firm reiterated a Buy rating on the shares. The analyst said the company is benefiting from strong demand for new power generation. That demand is especially visible in the competitive NEER segment, where the company’s scale and multi-technology capabilities position it to serve large-load customers such as data centers.
The analyst added that some investors remain skeptical about the company’s target of more than 8% EPS growth. The concern largely centers on execution risk tied to future gas plant contracts and data center development in Florida. At the same time, UBS said securing additional generation deals could improve confidence in the outlook and support further upside in the stock’s valuation.
NextEra Energy, Inc. (NYSE:NEE) operates through its wholly owned subsidiaries NextEra Energy Resources and NextEra Energy Transmission, which together form NEER, along with Florida Power & Light Company.
READ NEXT:
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Goldman’s Flood Anticipates Possibility of a ‘Dramatic’ Surge in Equities

EUR/GBP: Potential for a corrective rebound - ING
Unveiling Q4 Results: How Stratasys (NASDAQ:SSYS) Compares With Other Industrial Machinery Shares

Bitflow Launches HODLMM: Concentrated Liquidity Comes to Bitcoin
