BUZZ-Jefferies raises PT on NextEra Energy to $88
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Jefferies has raised its price target on NextEra Energy (NEE) to $88 from $85, indicating a 9.2% upside from the stock's last close. The brokerage cites stronger long-term profit contributions from new gas plants planned for the 2030s and highlights growth from quick-to-build projects aimed at serving data centers. Despite a softer outlook for wind and solar, renewables are expected to drive over half of NEE's growth through 2032, with storage projected to quadruple to about $4.5 billion in EBITDA. Currently, 18 of 26 brokerages rate the stock as "buy" or higher.
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