UBS Reaffirms Buy Rating on NextEra Energy (NEE) After Rate Dispute Settlement

NextEra Energy, Inc. (NYSE:NEE) ranks among the best slow growth stocks to invest in. Following the approval of the company’s rate dispute settlement by the Florida Public Service Commission, UBS reaffirmed its Buy rating and $96 price target for NextEra Energy, Inc. (NYSE:NEE) on November 21.

The Florida Public Service Commission has authorized a settlement deal with NextEra’s subsidiary, Florida Power & Light (FPL), which would set up new retail base rates and charges beginning in January 2026 through at least December 2029. This agreement also involves annual retail base revenue growth of $945 million beginning in 2026, with an additional $705 million in 2027.

The move gives NextEra Energy, Inc. (NYSE:NEE) a boost ahead of its analyst meeting on December 8, where UBS predicts EPS growth of 8% or higher. The firm also stated that data center expansion, as well as investments in generation and transmission facilities across the United States, are expected to strengthen NextEra’s Florida-regulated business outlook.

NextEra Energy, Inc. (NYSE:NEE) is an energy company in North America that generates, transmits, and distributes electricity, with a portfolio comprising wind, solar, nuclear, natural gas, and other clean energy sources.

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Disclosure: None. This article is originally published at Insider Monkey.