Key Takeaways:

• NextEra Energy reports an 8% rise in adjusted EPS for 2024, illustrating continued growth and financial strength.
• Wall Street remains optimistic, forecasting significant upside potential for NEE stock.
• The company’s ambitious investment plan aims to solidify its lead in renewable energy sector.

NextEra Energy (NEE, Financial), a powerhouse in the clean energy sector, has announced an impressive 8% increase in its adjusted EPS for 2024, bringing it to $3.43. This strong financial performance underscores the company’s solid footing and strategic foresight. Moreover, NextEra plans to invest a staggering $120 billion over the next four years, targeting an expansion of its renewable capacity to 121 gigawatts. This ambitious move is set to reinforce its dominant industry position.

In the eyes of 19 market analysts, NextEra Energy Inc (NEE, Financial) presents a promising investment opportunity. The average price target stands at $83.88, with projections ranging from a high of $103.00 to a low of $52.00. This average target implies a potential upside of 26.50% from the current price of $66.31, indicating strong growth prospects. For more in-depth estimates, visit the NextEra Energy Inc (NEE) Forecast page.

The consensus rating from 23 brokerage firms places NextEra Energy Inc (NEE, Financial) at an average recommendation of 2.2, suggesting an “Outperform” status. On this scale, a rating of 1.0 signifies a Strong Buy, while a 5.0 indicates a Sell. This moderate positive stance reflects confidence in the company’s ability to deliver robust returns.

According to GuruFocus estimates, the projected GF Value for NextEra Energy Inc (NEE, Financial) over the coming year is $87.57. This projection hints at a potential upside of 32.06% from the current price level of $66.31. The GF Value represents GuruFocus’ fair value approximation, calculated using historical stock multiples, past business growth, and future performance estimates. For a deeper dive into the data, please consult the NextEra Energy Inc (NEE) Summary page.