NextEra Energy price target raised to $112 from $103 at BTIG

BTIG analyst Alex Kania raised the firm’s price target on NextEra Energy (NEE) to $112 from $103 and keeps a Buy rating on the shares. The company reported Q1 above consensus but more importantly made a strong case that it remains one of the best positioned names in the sector to benefit from the large load buildout, the analyst tells investors in a research note. At NEER, the data center backlog grew, its renewable development queue grew by a record amount in Q1 with momentum to grow even faster, and options to boost value from the existing portfolio are becoming increasingly clear, the firm added.