NextEra Energy (NEE) Stock Forecast & Price Target

$77.48 +0.84 (+1.10%)

(As of 11/26/2024 ET)

NextEra Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 14 Analyst Ratings

Sell
0

Hold
7

Buy
7

Based on 14 Wall Street analysts who have issued ratings for NextEra Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 7 have given a hold rating, and 7 have given a buy rating for NEE.

Consensus Price Target

$86.85
12.09% Upside

According to the 14 analysts' twelve-month price targets for NextEra Energy, the average price target is $86.85. The highest price target for NEE is $102.00, while the lowest price target for NEE is $71.00. The average price target represents a forecasted upside of 12.09% from the current price of $77.48.

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NEE Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	10 Buy rating(s)	11 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$86.85	$86.54	$80.00	$74.08
Forecasted Upside	12.09% Upside	6.27% Upside	0.73% Upside	28.63% Upside
Consensus Rating	Moderate Buy	Hold	Moderate Buy	Moderate Buy

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NEE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NEE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

NextEra Energy Stock vs. The Competition

Type	NextEra Energy	Utilities Companies	S&P 500
Consensus Rating Score	2.50	2.50	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	12.76% Upside	21.81% Upside	6.94% Upside
News Sentiment Rating	Positive News See Recent NEE News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/22/2024	Morgan Stanley 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$95.00 ➝ $94.00	+23.04%
10/25/2024	Barclays 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$80.00 ➝ $82.00	+0.15%
10/24/2024	Guggenheim 2 of 5 stars		Boost Target	Buy ➝ Buy	$90.00 ➝ $92.00	+11.22%
10/22/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Tucker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Moderate Buy ➝ Hold
10/18/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$83.00 ➝ $91.00	+8.67%
9/27/2024	Dbs Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Pang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
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9/19/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$87.00	+3.23%
9/3/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$95.00 ➝ $102.00	+26.69%
8/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$77.00 ➝ $81.00	+1.49%
8/20/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$73.00 ➝ $92.00	+15.67%
8/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$91.00 ➝ $94.00	+18.69%
6/27/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$69.00 ➝ $84.00	+13.01%
6/12/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$70.00 ➝ $75.00	+3.16%
6/12/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Crowdell Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$71.00 ➝ $71.00	-2.34%
11/9/2023	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Storozynski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Sell
10/20/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$79.00 ➝ $60.00	+15.47%
10/2/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$83.00 ➝ $72.00	+25.68%
3/28/2023	Erste Group Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
1/26/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$89.00 ➝ $85.00	+10.98%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 06:34 PM ET.

Should I Buy NextEra Energy Stock? NEE Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these NextEra Energy pros and cons to contact@marketbeat.com.

NextEra Energy
Bull Case

Here are some ways that investors could benefit from investing in NextEra Energy, Inc.:

NextEra Energy, Inc. reported a strong earnings per share (EPS) of $1.03 for the latest quarter, exceeding analysts' expectations of $0.98. This indicates robust financial performance and potential for continued growth.
The company has a solid return on equity (ROE) of 11.94%, which reflects its efficiency in generating profits from shareholders' equity. A higher ROE is generally favorable as it suggests effective management and strong financial health.
NextEra Energy, Inc. has announced a quarterly dividend of $0.515, translating to an annualized dividend of $2.06 and a yield of 2.71%. This consistent dividend payment can provide a steady income stream for investors.
Recent analyst upgrades have increased the price targets for NextEra Energy, Inc., with some firms setting targets as high as $91.00. This positive sentiment from analysts can indicate potential for stock price appreciation.
The company’s revenue increased by 5.5% year-over-year, demonstrating its ability to grow even in a competitive market. This growth can be a positive indicator for future performance.

NextEra Energy
Bear Case

Investors should be bearish about investing in NextEra Energy, Inc. for these reasons:

NextEra Energy, Inc. reported revenue of $7.57 billion, which fell short of the consensus estimate of $8.11 billion. This revenue miss could raise concerns about the company's ability to meet future growth expectations.
The stock has seen insider selling, with an executive vice president recently selling 4,007 shares. Insider selling can sometimes signal a lack of confidence in the company's future performance.
The dividend payout ratio is currently at 60.95%, which indicates that a significant portion of earnings is being paid out as dividends. While this can be attractive, it may also limit the funds available for reinvestment in growth opportunities.
Despite positive analyst ratings, there are still several hold ratings among analysts, suggesting that not all market experts are confident in the stock's potential for significant growth.
The stock price is currently around $75.57, which may be perceived as high relative to its recent performance and could deter value-focused investors looking for lower entry points.

NEE Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for NextEra Energy is $86.85, with a high forecast of $102.00 and a low forecast of $71.00.
: 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NextEra Energy in the last twelve months. There are currently 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NEE shares.
: According to analysts, NextEra Energy's stock has a predicted upside of 12.09% based on their 12-month stock forecasts.
: Over the previous 90 days, NextEra Energy's stock had 2 downgrades by analysts.
: NextEra Energy has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Dbs Bank, Guggenheim, Jefferies Financial Group, Morgan Stanley, Royal Bank of Canada, and Wells Fargo & Company in the past 90 days.
: Analysts like NextEra Energy more than other "utilities" companies. The consensus rating for NextEra Energy is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how NEE compares to other companies.

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This page (NYSE:NEE) was last updated on 11/26/2024 by MarketBeat.com Staff

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NextEra Energy (NEE) Stock Forecast & Price Target