Jefferies Maintains a 'Buy' on NextEra Energy (NEE); 1Q EPS of $0.94 In-Line; Increase Estimates

Jefferies maintains a 'Buy' on NextEra Energy (NYSE: NEE), PT upped $1 to $62.50.

Jefferies analyst says, "NextEra indicated that it would be a challenge to reach the low end of its previous target for 2011 of adding 700-1,000 MW of new wind generation. There is less visibility than in prior years as a result of timing issues associated with permitting. The company still expects to add a total of 1,400-2,000 MW during 2011-2012...The company raised its 2011 guidance by $0.10 to $4.35-$4.65 as a result of a change in the assumption for estimated useful life for a portion of its wind fleet. We are maintaining our 2011 EPS estimate of $4.45. We are fine-tuning our 2012 and 2013 EPS estimates upward by $0.05 to $4.70 and $5.00, respectively."

For more ratings news on NextEra Energy click here and for the rating history of NextEra Energy click here.

Shares of NextEra Energy closed at $56.60 yesterday.

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