NextEra Energy price target raised to $104 from $91 at UBS

UBS raised the firm’s price target on NextEra Energy (NEE) to $104 from $91 and keeps a Buy rating on the shares. NextEra Energy is benefiting from strong demand for new power generation, particularly in the competitive NEER segment, where its scale and multi-technology capabilities position it well to serve large-load customers such as data centers, the analyst tells investors in a research note. Skepticism around the company’s 8%+ EPS growth target reflects execution risk on future gas plant contracts and data center development in Florida, but securing new generation deals could strengthen confidence and drive valuation upside, UBS syas.