Wells Fargo analyst Neil Kalton raised the firm’s price target on NextEra Energy to $110 from $105 on higher assumed NEER capital investment opportunities – influenced by his Generation Outlook 2050 analysis. While renewables are the key driver of NEER’s growth, other decarbonization-related verticals are emerging, he adds. The analyst keeps an Overweight rating on the shares.
Published first on TheFly
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