BMO, BTIG Reaffirm Bullish Outlook on NextEra Energy (NEE)

NextEra Energy, Inc. (NYSE:NEE) is one of the best hydrogen stocks to buy right now. On December 10, BMO Capital Markets cut the price target for NextEra Energy, Inc. (NYSE:NEE) to $89 from $90 and affirmed an Outperform rating on the shares. The adjustment resulted from rolling the base valuation year forward to 2028 in BMO’s mark-to-market sum-of-the-parts analysis.

BMO noted that NextEra’s management believes the company is well-positioned to grow its EPS faster than 8% CAGR through 2035. This growth rate, stated the firm, is higher than the previous guidance range of 6-8% EPS CAGR. The analysts also highlighted that the revised 8%+ EPS CAGR is expected to grow from a higher base range in 2025 through 2032. This creates a stronger starting point for long-term growth, BMO noted.

Separately, on December 8, BTIG lifted its price target for NextEra to $100 from $98 and kept a Buy rating on the shares. The increase came after NextEra’s Investor Day event held on the same day in New York City. Specifically, BTIG pointed to NextEra’s long-term EPS growth target of 8% or higher through 2035, describing it as “the strongest combination of growth potential and duration” among the companies it covers. BTIG said it believes NextEra could grow earnings faster than this target over time, due to the company’s strong history of delivering results and many possible extra growth opportunities.

NextEra Energy, Inc. (NYSE:NEE) is the largest generator of renewable energy in North America. The company owns and operates a huge network of wind and solar farms, battery storage facilities, and transmission infrastructure, and is actively investing in technologies that support the integration of hydrogen and other clean energy solutions into its grid and generation systems.

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: 11 Best Affordable AI Stocks to Buy Now and 15 Best Biotech Stocks to Buy According to Wall Street Analysts.

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