NextEra Energy (NEE) Receives Price Target

NextEra Energy (NEE) stock is expected to deviate a maximum of $11.12 from the average target price of $136.1 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $153 and the most muted being $115.

NextEra Energy (NEE) : Zacks Investment Research ranks NextEra Energy (NEE) as 3, which is a Hold recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 1.42, which indicates as a Strong Buy.


Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of NextEra Energy (NYSE:NEE). Deutsche Bank has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $133 per share from a prior target of $134. The rating by the firm was issued on July 28, 2016.

NextEra Energy (NYSE:NEE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $120.75 and $120.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $121.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $121.00, notching a gain of 0.05% for the day. The total traded volume was 2,082,172 . The stock had closed at $120.94 on the previous day.

NextEra Energy, Inc. (NEE) is a holding company. The Company operates through its wholly owned subsidiaries, Florida Power & Light Company (FPL) and NextEra Energy Resources, LLC (NEER). It is an electric power company in North America with electric generating facilities located in 27 states in the United States and four provinces in Canada. Its segments are FPL and NEER. FPL is an electric utility engaged primarily in the generation, transmission, distribution and sale of electric energy in Florida. NEER owns, develops, constructs, manages and operates electric generating facilities in wholesale energy markets primarily in the United States, as well as in Canada and Spain. Corporate and Other segment represents other business activities, primarily NextEra Energy Transmission, LLC (NEET) and FPL FiberNet. NEET operates through Lone Star Transmission, LLC, a transmission service provider in Texas, and New Hampshire Transmission, LLC, a transmission owner in ISO New England.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.