Argus raised the firm’s price target on NextEra Energy (NEE) to $90 from $85 and keeps a Buy rating on the shares. The firm expects upcoming sector rotation to build on the company’s “solid” Q3 with fewer storm outages than anticipated and rapid restoration. NextEra has a record of strong dividend growth, the analyst tells investors in a research note. Argus notes the company continues to add renewable projects to its backlog to meet projected data center demand, which includes an agreement with Google.
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>>
Read More on NEE:
- NextEra Energy price target raised to $92 from $90 at Guggenheim
- NextEra Energy (NYSE:NEE) Is Interested in Reopening Iowa Nuclear Plant
- NextEra Energy says interest in restarting Iowa nuclear plant, Bloomberg says
- NEE Earnings: NextEra Energy Reports Mixed Q3 Results
- NextEra Energy sees FY27 adjusted EPS $3.85-$4.32