In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on NextEra Energy (NEE – Research Report), with a price target of $90.00. The company’s shares closed last Friday at $82.86.
According to TipRanks.com, Byrd is a 5-star analyst with an average return of 9.2% and a 58.5% success rate. Byrd covers the Utilities sector, focusing on stocks such as American Electric Power, Nextera Energy Partners, and Pinnacle West Capital.
Currently, the analyst consensus on NextEra Energy is a Moderate Buy with an average price target of $94.67.
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The company has a one-year high of $93.73 and a one-year low of $68.33. Currently, NextEra Energy has an average volume of 7.13M.
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NextEra Energy, Inc. is an energy company and is one of the largest electric power generators in the United States. Through its Florida Power & Light Company (FPL) business, the company provides clean, reliable and affordable electricity across Florida. NextEra Energy also owns a clean energy business, NextEra Energy Resources (NEER), which is the world’s largest generator of renewable energy from wind and sun. The company was founded in 1984 and based in Juno Beach, Florida.
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