NextEra Energy: Fundamentals And Technicals Solid, But Shares Rally To Fair Value (Rating Downgrade)

With a fair valuation and solid execution by NextEra's management team, NEE's technical situation is generally attractive. Notice in the chart below that shares have rallied through the key $70 mark that I have been discussing over the past year with this stock. Now, about that point of polarity, the next layer of potential selling pressure likely comes into play in the $80 to $82 range – that's the high from last quarter and where the bulls and bears battled from late 2022 through the middle part of last y ...