BMO Capital analyst James Thalacker lowered the firm’s price target on NextEra Energy to $90 from $95 but keeps an Outperform rating on the shares. The company beat on earnings, but despite adding ~2GWs to its backlog, concerns over 500MW in project cancellations and weakness in NEP shares weighed on the stock, the analyst tells investors in a research note. Several overhangs remain likely keeping NextEra shares in a narrow trading band over the intermediate term, BMO added.
Published first on TheFly
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