Erste Group downgraded NextEra Energy (NEE) to Hold from Buy. The company’s “sharp increase” in long-term financial debt has led to a significant rise in its net interest expenses, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NEE:
- NextEra Energy price target lowered to $65 from $73 at Barclays
- NextEra Energy: Strong Performance, Strategic Positioning, and Renewable Growth Drive Buy Rating
- NextEra Energy price target lowered to $69 from $73 at Mizuho
- NextEra Energy price target lowered to $97 from $102 at Wells Fargo
- NextEra Energy: Strong Growth Prospects and Minimal Tariff Exposure Justify Buy Rating