Guggenheim raised the firm’s price target on NextEra Energy (NEE) to $92 from $90 and keeps a Buy rating on the shares after the company reported a Q3 earnings beat versus consensus on a strong regulated utility and NEER performance. About 3 GW of backlog additions maintains the recent trend that by the firm’s estimates would get NEER to the top half of its development target through 2027, the analyst noted.
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