trending Market Intelligence /marketintelligence/en/news-insights/trending/4b0I2ILoZLtABs_80skI-g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

S&P Capital IQ upgrades NextEra Energy to 'hold'

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

S&P Capital IQ upgrades NextEra Energy to 'hold'

S&P Capital IQ on April 28 upgraded its view onNextEra Energy Inc.shares to "hold" from "sell" and raised its 12-month pricetarget on the company by $12 to $114 per share on higher peer valuations.

The firm also revised its 2016 EPS estimate for NextEraEnergy by 11 cents to $6.25, but maintained its 2017 estimate of $6.54. "Weexpect new project development and utility capital spending to help drive EPSgrowth," S&P Capital IQ analysts wrote.

NextEra Energy recently reported first-quarter EPS of $1.55, beating S&PCapital IQ's EPS estimate of $1.29.

S&P Capital IQ andS&P Global Market Intelligence are owned by S&P Global Inc.