Wells Fargo has initiated coverage on Nextera Energy Inc (NEE) with an Overweight rating, marking the firm's entry into analysis of the company. This decision underscores Wells Fargo's assessment of Nextera's investment potential based on its business model and growth prospects in the renewable energy sector.
Headquartered in Juno Beach, Florida, Nextera Energy operates through subsidiaries including Florida Power & Light Company and NextEra Energy Resources. The company is a leading provider of renewable energy, with a market capitalization of $173.1 billion and a P/E ratio of 26.62. Nextera's earnings per share (EPS) stands at 3.15, complemented by a dividend yield of 276.3%.
Nextera is set to announce its next earnings report on July 20, 2026, with an EPS estimate of $1.12 and projected revenues of $8.1 billion. The analyst consensus currently rates the stock as a Buy, with 6 Strong Buy, 15 Buy, 8 Hold, 1 Sell, and 0 Strong Sell ratings from a total of 30 analysts.
Analyst ratings provide insights based on research and financial models, reflecting various assumptions that may evolve over time. Investors are encouraged to consider a range of factors, including company fundamentals and industry trends, in their decision-making process.