NextEra Energy price target raised to $95 from $87 at BofA

BofA raised the firm’s price target on NextEra Energy (NEE) to $95 from $87 and keeps a Neutral rating on the shares. The firm expects NextEra to report Q1 EPS of $1.06 vs. 99c in the prior year’s quarter and consensus expectations of $1.07/share. Performance drivers in the quarter includes higher system investment, rates and returns at Florida Power and Light, offset by higher interest expense and equity dilution. BofA expects a modest decline in the performance of the company’s wind portfolio year-over-year. While it doesn’t expect any update to the financial guidance provided by NextEra at its early December investor day, the firm looks for incremental commentary on its generation and infrastructure build out, its data center pipeline, the restart of the Duane Arnold nuclear facility and other capital plans that have advanced since December.