NextEra Energy Inc. (NEE): Evercore Terms Firm Leader in US Solar Market

NextEra Energy, Inc. (NYSE:NEE) is included among the 12 Most Promising Clean Energy Stocks According to Wall Street Analysts.

NextEra Energy, Inc. (NYSE:NEE) generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. On October 6, Evercore ISI analyst Nicholas Amicucci initiated coverage of the stock with an Outperform rating and $92 price target. In an investor note, the analyst told investors that NextEra possesses all the key qualities to address the need for incremental generation across the US, and while the company is perceived as the US leader in Wind and Solar with about 20% of the US renewables market, he sees it as the nation’s leading power provider with the ability to provide the entire spectrum of generation assets.

While being one of the biggest players in the wind and solar space, NextEra Energy, Inc. (NYSE:NEE) is strengthening the nuclear power portfolio as well. Last week, the firm announced that it had received license renewal from the US Nuclear Regulatory Commission for Point Beach Nuclear Plant Units 1 and 2 in Wisconsin, extending operations through 2050 and 2053, respectively. These units at Point Beach have been operating since the early 1970s and generate enough electricity to power 1 million homes and businesses, supplying 14% of the state’s total electricity.

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