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RBC Capital Sticks to Their Buy Rating for NextEra Energy (NEE)

RBC Capital analyst Shelby Tucker maintained a Buy rating on NextEra Energy (NEEResearch Report) yesterday and set a price target of $93.00. The company’s shares closed yesterday at $77.50.

Tucker covers the Utilities sector, focusing on stocks such as Consolidated Edison, PG&E, and Pnm Resources. According to TipRanks, Tucker has an average return of 10.7% and a 68.10% success rate on recommended stocks.

Currently, the analyst consensus on NextEra Energy is a Strong Buy with an average price target of $92.90, representing a 19.87% upside. In a report released yesterday, BMO Capital also reiterated a Buy rating on the stock with a $91.00 price target.

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The company has a one-year high of $92.24 and a one-year low of $66.52. Currently, NextEra Energy has an average volume of 7.92M.

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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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