BMO Capital analyst James Thalacker raised the firm’s price target on NextEra Energy to $77 from $76 and keeps an Outperform rating on the shares. The company’s Renewable Development Day presentation highlighted the application of propriety big data and technology to its existing scale and development experience, the analyst tells investors in a research note. This combination not only provides the company with a significant inventory of renewable sites to meet growing load demand, but also should drive superior returns and a speed-to-market advantage in a dynamic demand environment relative to competitors, the firm added.
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