NextEra Energy (NEE) Gets a Buy from Morgan Stanley

Morgan Stanley analyst David Arcaro maintained a Buy rating on NextEra Energy (NEEResearch Report) today and set a price target of $95.00. The company’s shares opened today at $83.27.

Arcaro covers the Utilities sector, focusing on stocks such as NextEra Energy, Eversource Energy, and Consolidated Edison. According to TipRanks, Arcaro has an average return of -3.4% and a 45.28% success rate on recommended stocks.

NextEra Energy has an analyst consensus of Strong Buy, with a price target consensus of $93.00, which is an 11.68% upside from current levels. In a report released on October 31, BMO Capital also reiterated a Buy rating on the stock with a $91.00 price target.

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NEE market cap is currently $165.3B and has a P/E ratio of 42.96.

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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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