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NextEra Energy, Inc. (NYSE:NEE) is included among the 13 Best Consistent Dividend Stocks to Buy Now.
On October 29, Argus raised its price target on NextEra Energy, Inc. (NYSE:NEE) to $90 from $86 and maintained a Buy rating following the company’s strong third-quarter earnings, according to a report by The Fly. The firm expressed confidence inthe company’s long-term outlook, noting that it successfully combines its regulated utility, Florida Power & Light, with a rapidly expanding renewables division. The analyst added that Florida’s growing economy and rising population further strengthen the company’s position in the region.
In its third-quarter report, President, CEO, and Chairman John Ketchum outlined a four-year plan for Florida Power & Light to invest roughly $40 billion in new energy infrastructure. This includes 5.3 gigawatts of solar capacity, 3.4 gigawatts of battery storage, and a gas peaker plant awaiting regulatory approval. He also mentioned a proposed four-year rate agreement targeting a midpoint return on equity of 10.95% and an equity ratio of 59.6%.
Ketchum emphasized NextEra Energy, Inc. (NYSE:NEE)’s extensive national presence, noting a renewables and storage backlog of nearly 30 gigawatts and its ability to serve data center and hyperscaler customers with integrated generation and transmission solutions.
NextEra Energy, Inc. (NYSE:NEE) is a Fortune 200 company and the parent of Florida Power & Light Company, the largest electric utility in the US, supplying power to around 12 million people across Florida.
While we acknowledge the potential of NEE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 13 Most Undervalued Dividend Stocks to Buy According to Wall Street Analysts and 15 Dividend Growth Stocks with the Highest Growth Rates
Disclosure: None.
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