Argus Sees Long-Term Growth Tailwinds Building at NextEra Energy (NEE)

NextEra Energy, Inc. (NYSE:NEE) is included among the 12 Best Stocks to Buy for the Long Term.

On January 28, Argus raised its price target on NextEra Energy, Inc. (NYSE:NEE) to $92 from $90 and reaffirmed its Buy rating following the company’s Q4 earnings beat. In a research note, the firm highlighted confidence in NextEra’s long-term growth outlook and its ability to benefit from broader momentum across the utility sector. Argus also pointed to Florida as a key bright spot, citing the state’s strengthening economy and fast-growing population as supportive factors for future demand.

A January 27 Reuters report added another layer to that optimism. NextEra is weighing an expansion of its nuclear fleet to help meet rising electricity needs from data centers. The company said it is already in advanced talks to supply power for an additional 9 gigawatts of server facilities. Demand from Big Tech continues to push US power consumption higher, prompting utilities to strike major supply agreements and even bring previously shut nuclear plants back online.

Last year, NextEra announced plans to restart the Duane Arnold nuclear plant in Iowa to support Google’s data center operations. Management has since told investors that the company could add up to 6 gigawatts of new nuclear technologies at existing sites to serve data center customers. It is also exploring new locations to develop advanced nuclear facilities from the ground up.

The company narrowly topped Wall Street’s expectations for fourth-quarter profit, supported by steady growth at its regulated Florida utility and a record year for renewable energy and battery storage additions. As electricity demand rises nationwide, these businesses have become increasingly important drivers of performance.

Florida Power & Light, NextEra’s regulated utility, reported net income of $958 million, up 13.4% from a year earlier, largely due to higher capital investment. In Florida alone, the company has roughly 20 gigawatts of data center customers seeking to connect to its grid. Nearly half of that demand is already in advanced discussions, with several projects potentially coming online by 2028.

NextEra Energy, Inc. (NYSE:NEE) is a major player in electric power generation and energy infrastructure. Through its subsidiaries, including NextEra Energy Resources, NextEra Energy Transmission, and Florida Power & Light, the company operates across regulated utilities, renewables, transmission, and advanced energy solutions.

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