NextEra Energy (NEE) PT Raised to $104 at UBS on Rising Data Center Power Demand

NextEra Energy Inc. (NYSE:NEE) is one of the hot EV stocks to buy now. On March 5, UBS increased its price target for NextEra Energy to $104 from $91 with a Buy rating, citing the company’s strong positioning to meet rising power demand from large-scale customers such as data centers. UBS noted that while some market skepticism exists regarding NextEra Energy’s 8%+ EPS growth target due to potential execution risks in gas plant contracts and Florida-based data center developments, the firm’s multi-technology capabilities and scale in the competitive NEER segment provide a distinct advantage. Ultimately, securing additional generation deals is expected to support investor confidence and drive further valuation upside.

In 2025, NextEra Energy reported adjusted EPS of $3.71, which was a 8.2% year-over-year increase, surpassing the company’s financial expectations. Q4 saw GAAP net income rise to $1.535 billion, up from $1.203 billion in the same period of 2024. Chairman and CEO John Ketchum attributed these results to operational execution across both the regulated utility and competitive energy segments, positioning the company to meet surging national electricity demand.

NextEra Energy Inc. (NYSE:NEE) achieved a record-breaking year in new generation and storage, adding 13.5 gigawatts to its backlog for a total of ~30 gigawatts. A highlight was the plan to recommission the Duane Arnold nuclear plant through a power purchase agreement with Google, reflecting high demand from hyperscalers. NextEra Energy has now set a long-term growth target of 8% or more in adjusted EPS through 2035. For 2026, the company projects adjusted EPS in the range of $3.92 to $4.02, supported by a planned 10% annual dividend growth rate through the end of the year.

NextEra Energy Inc. (NYSE:NEE), through its subsidiaries, generates, stores, transmits, distributes, and sells electric power to retail and wholesale customers in North America. It operates through Florida Power & Light Company/FPL and NEER segments.

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