Analyst David Arcaro from Morgan Stanley maintained a Buy rating on NextEra Energy and keeping the price target at $97.00.
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David Arcaro has given his Buy rating due to a combination of factors that highlight NextEra Energy’s promising growth trajectory. The company has successfully allayed investor concerns by raising and extending its EPS growth targets to over 8% through 2035. This move demonstrates confidence in sustained earnings growth and addresses long-term investor expectations.
Additionally, NextEra Energy has introduced a new multi-gigawatt-scale data center hub strategy, which, along with numerous partnerships, underscores its commitment to expanding its footprint in the energy sector. The company has also highlighted opportunities in electric and gas transmission and recontracting, which are expected to drive further growth. These strategic initiatives, coupled with a peer-leading growth rate, present a compelling investment case, justifying the Buy rating.
According to TipRanks, Arcaro is a 5-star analyst with an average return of 13.3% and a 62.78% success rate. Arcaro covers the Utilities sector, focusing on stocks such as NextEra Energy, Edison International, and American Electric Power.
In another report released yesterday, BTIG also reiterated a Buy rating on the stock with a $100.00 price target.