Mizuho Securities analyst Anthony Crowdell has maintained their neutral stance on NEE stock, giving a Hold rating on March 17.
Anthony Crowdell has given his Hold rating due to a combination of factors related to NextEra Energy’s current and future energy generation capabilities. The company is positioned as a leader in various forms of energy, including renewables, gas-fired, and nuclear, which are essential to meet the increasing power demand projected through the end of the decade. However, the challenges associated with gas and nuclear energy, such as supply chain rebuilding and cost inflation, limit their near-term scalability.
Renewables, on the other hand, offer a more immediate solution with their speed-to-market and cost advantages, making them a critical bridge to meet energy demands until gas and nuclear can be scaled up. Despite these advantages, the long-term uncertainties and the higher costs associated with other energy forms contribute to the Hold rating, as the company navigates these transitional challenges in the energy sector.
In another report released on March 17, Jefferies also reiterated a Hold rating on the stock with a $77.00 price target.