NextEra Energy Retains Overweight Ratings as Analysts Tweak Price Targets
Analysts signaled steady confidence, citing stable utility cash flows plus rising data‑center power demand.
Overview
- Two major banks made small price-target changes but kept positive views, with Morgan Stanley moving to $107 and Wells Fargo to $99, both at Overweight.
- The updates came as part of broader utility-sector reviews that noted recent strength in regulated power companies.
- Florida Power & Light, NextEra’s regulated utility, delivers predictable cash flow under set rates in its monopoly service area in Florida.
- NextEra Energy Resources leads in wind and solar and secures revenue through roughly 20-year power purchase agreements with large companies and other utilities.
- Coverage highlights AI data centers as a new demand driver, with Bank of America and Morgan Stanley projecting about 12% annual growth in data-center power use through 2035 and pointing to NextEra as a preferred partner for hyperscalers.