Stock Rating Upgrade
The Value Trend Rating for NextEra Energy Inc (NYSE: NEE) improved of late from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
NextEra Energy Inc (NYSE: NEE) stock closed at $75.87 on 5/20/24 after a slight decline of -0.3%. However, unusually low trading volume at 58% of normal accompanied the decline. The stock has risen 2.8% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
NEE’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
NextEra Energy has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. NextEra Energy has a neutral Power Rating of 48 and a neutral Appreciation Score of 45, resulting in the Low Neutral Value Trend Rating.
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