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J.P. Morgan Sticks to Its Buy Rating for NextEra Energy (NEE)

J.P. Morgan analyst Jeremy Tonet maintained a Buy rating on NextEra Energy (NEEResearch Report) yesterday and set a price target of $106.00. The company’s shares closed yesterday at $90.20.

According to TipRanks, Tonet is a 5-star analyst with an average return of 7.3% and a 61.81% success rate. Tonet covers the Industrial Goods sector, focusing on stocks such as Cheniere Energy, Oneok, and TC Energy.

NextEra Energy has an analyst consensus of Moderate Buy, with a price target consensus of $92.91, representing a 3.00% upside. In a report released on August 9, Wells Fargo also maintained a Buy rating on the stock with a $115.00 price target.

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NEE market cap is currently $177.2B and has a P/E ratio of 69.06.

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NextEra Energy, Inc. is an energy company and is one of the largest electric power generators in the United States. Through its Florida Power & Light Company (FPL) business, the company provides clean, reliable and affordable electricity across Florida. NextEra Energy also owns a clean energy business, NextEra Energy Resources (NEER), which is the world’s largest generator of renewable energy from wind and sun. The company was founded in 1984 and based in Juno Beach, Florida.

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