Citi analyst Ryan Levine initiated coverage of NextEra Energy with a Buy rating and $69 price target. The analyst is bullish on the fundamental outlook at FPL into the next rate case to be filed in early 2025 given the strong fundamental Florida economic growth outlook. The firm believes NextEra will favorably execute on power asset sales and tax credit transfers with limited downside.
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>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NEE:
- NextEra Energy price target raised to $70 from $65 at Guggenheim
- HESS vs. NEE: Which Energy Stock is the Better Buy?
- Buy/Sell: Wall Street’s top 10 stock calls this week
- NextEra Energy Partners downgraded to Sell from Neutral at Seaport Research
- NextEra Energy downgraded to Sell at Seaport on mounting FPL concerns