Noting that the utility group declined 7%, NextEra Energy (NEE) declined by 19% and NextEra Energy Partners (NEP) declined by 51% over the last “tumultuous week,” Morgan Stanley analyst David Arcaro said the firm continues to have confidence in the renewable market and financing outlook for NextEra Energy. The firm, which continues to see the selloff in NextEra Energy as “overdone,” maintains an Overweight rating and $91 price target on the shares and contends “this will prove to be an attractive entry point for a high quality business.”
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