Wells Fargo raised the firm’s price target on NextEra Energy (NEE) to $102 from $99 and keeps an Overweight rating on the shares following quarterly results. The firm says the thematic tailwinds dominate the story for NextEra, even as conversion into EPS fundamentals remains longer dated. Q1 EPS beat came with several constructive datapoints for the long-term, and Wells doesn’t see the Overweight thesis breaking.
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