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Why NextEra Energy's Stock Is Trading Lower Today

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NextEra Energy Inc (NYSE: NEE) shares are trading lower on Friday, after Morgan Stanley maintained an Equal-Weight rating and lowered the price target from $246 to $237.

NextEra Energy's regulated utility, Florida Power and Light, distributes power to roughly 5 million customers in Florida. Florida Power & Light contributes over 60% of the group's operating earnings. Gulf Power also operates in Florida.

The renewable energy segment generates and sells power throughout the U.S. and Canada. Consolidated generation capacity totals over 51 gigawatts and includes natural gas, nuclear, wind, and solar assets.

NextEra Energy shares were trading down 3.37% at $224.30 on Friday. The stock has a 52-week high of $283.34 and a 52-week low of $174.80.

Latest Ratings for NEE

DateFirmActionFromTo
Jun 2020UBSMaintainsBuy
Jun 2020Morgan StanleyMaintainsEqual-Weight
Jun 2020UBSMaintainsBuy

View More Analyst Ratings for NEE
View the Latest Analyst Ratings

 

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