BMO Capital analyst James Thalacker raised the firm’s price target on NextEra Energy to $77 from $76 and keeps an Outperform rating on the shares. The company’s Renewable Development Day presentation highlighted the application of propriety big data and technology to its existing scale and development experience, the analyst tells investors in a research note. This combination not only provides the company with a significant inventory of renewable sites to meet growing load demand, but also should drive superior returns and a speed-to-market advantage in a dynamic demand environment relative to competitors, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NEE:
- NextEra Energy price target raised to $67 from $65 at Mizuho
- Early notable gainers among liquid option names on March 13th
- Unusually active option classes on open March 13th
- NextEra Energy call volume above normal and directionally bullish
- NextEra Energy board declares quarterly dividend and continues above-average targeted growth rate in dividends per share through at least 2026
Questions or Comments about the article? Write to editor@tipranks.com