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What Are Wall Street Analysts' Target Price for NextEra Energy Stock?
Yahoo Financeยท 2025-10-30 10:43
Company Overview - NextEra Energy, Inc. is one of the largest electric power companies in the U.S. and a global leader in renewable energy, valued at $172.1 billion by market cap [1] - The company delivers electricity to millions in Florida through its subsidiary Florida Power & Light (FPL) and develops wind, solar, storage, and clean-fuel projects across North America via NextEra Energy Resources [1] Stock Performance - NextEra's stock has underperformed the broader market, with a 2.8% increase over the past 52 weeks and a 14.1% year-to-date gain, compared to the S&P 500 Index's 18.1% gains over the past year [2] - Within its sector, the Utilities Select Sector SPDR Fund (XLU) has outperformed NextEra, with a 3.7% increase over the past 52 weeks and a 19% return in 2025 [3] Earnings Report - On October 28, NextEra shares fell 2.9% following the release of its third-quarter earnings, where adjusted EPS climbed to $1.13, exceeding expectations [4] - The utility arm, Florida Power & Light, showed double-digit profit growth, but revenue of $8 billion fell short of market expectations [4] Future Projections - For fiscal 2025, analysts expect NextEra to deliver an adjusted EPS of $3.68, reflecting a 7.3% year-over-year increase [5] - The company has consistently beaten earnings expectations in the last four quarters, and analyst sentiment is reasonably positive, with a consensus "Moderate Buy" rating [5] Analyst Ratings - The current analyst configuration is more bullish than a month ago, with 15 "Strong Buys," eight "Holds," and one "Strong Sell" among the 20 analysts covering the stock [5] - JPMorgan Chase & Co. reaffirmed a "Buy" rating on NextEra Energy, setting a price target of $94, while the mean price target of $87.75 suggests a 7.3% upside potential [6] - The Street-high target of $98 represents a substantial 19.9% premium to current price levels [6]