HSBC analyst Meike Becker lowered the firm’s price target on NextEra Energy to $75 from $90 and keeps a Buy rating on the shares. The analyst says Q3 was a record quarter for origination in renewables. Nextera offers an attractive combination of best-in-class regulated utility and fast-growing renewables developer, the analyst tells investors in a research note. The firm cites more conservative renewables margins for future projects for the target drop.
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