NextEra Energy initiated with an Overweight at Wells Fargo

Wells Fargo initiated coverage of NextEra Energy (NEE) with an Overweight rating and $97 price target The firm, which sees tax credit roll-off as “manageable” and thinks the diversity of NextEra’s businesses can sustain premium earnings growth, doesn’t ascribe to the bear arguments that it thinks have pressured the shares for most of 2025, the analyst tells investors.