Barclays Starts NextEra Energy (NEE) at Equalweight

Barclays analyst Betty Jiang initiates coverage on NextEra Energy (NYSE: NEE) with a Equalweight rating and a price target of $66.00.

The analyst comments "We initiate coverage on NextEra Energy, Inc. (NEE) with an Equal Weight rating and $66 price target; Positive momentum after a volatile 2 years, but valuation skews more fair to us into June '24 AD with shares already at a strong premium; We pin data-center DevCo value at ~$5.50/sh in our bull case."

For an analyst ratings summary and ratings history on NextEra Energy click here. For more ratings news on NextEra Energy click here.

Shares of NextEra Energy closed at $65.38 yesterday.

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