NextEra's Renewables Focus And Strong Balance Sheet Justify Premium Valuation: Goldman Sachs

Goldman Sachs analyst Carly Davenport reaffirmed a Buy rating on NextEra Energy, Inc. NEE with a price forecast of $94, after the company’s Development Day on March 18 in Florida.The analyst writes that the company emphasized renewables as a key solution to current supply chain challenges and the higher costs of building gas power plants.Notably, the analyst notes that management continues to face challenges in building new gas generation due to supply chain issues and rising costs.The company targets power ...