Morgan Stanley analyst David Arcaro maintains $NextEra Energy (NEE.US)$ with a buy rating, and adjusts the target price from $95 to $94.
According to TipRanks data, the analyst has a success rate of 54.9% and a total average return of 11.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $NextEra Energy (NEE.US)$'s main analysts recently are as follows:
Utilities exhibited underperformance relative to the S&P's negative 0.91% return in October, prompting adjustments in the price targets for multiple stocks in the North America Regulated & Diversified Utilities / IPPs sector. Insights from the recent EEI Financial Conference painted a somewhat negative picture of California, driven by heightened regulatory and political risks, coupled with relatively constrained data center growth.
The firm anticipates initial insights into the future of the Inflation Reduction Act once the new administration presents its budget proposal for fiscal 2026, expected around February or March 2025. Their updated forecasts now include base-case assumptions that account for a complete repeal scenario of tax credits for wind and solar.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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