UBS Reiterates Buy Rating on NextEra Energy (NEE)

UBS analyst William Appicelli reiterated a Buy rating and $84.00 price target on NextEra Energy (NYSE: NEE).

The analyst commented, "The Budget reconciliation bill moved toward a more reasonable outcome with safe harbor and tax transferrability intact in the completed version. This provides for a runway of operations to 2029 and more time to safe harbor. The bill also removed excise taxes. NEE made an 8% recovery intraday July 1 from the low and trades at a 3% premium to the Utility group on our $4.33 in '27. We continue to see a positive risk/reward skew for NEE coming out of the resolution of this legislation."

For an analyst ratings summary and ratings history on NextEra Energy click here. For more ratings news on NextEra Energy click here.

Shares of NextEra Energy closed at $73.06 yesterday.

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