JPMorgan Raised NextEra Energy, Inc. (NEE)’s price target

NextEra Energy, Inc. (NYSE:NEE) is among the 11 Best Green Stocks to Buy According to Hedge Funds. JPMorgan maintained its Overweight rating on NextEra Energy, Inc. (NYSE:NEE) and lifted its price goal from $86 to $87 on August 22. The modification is in response to JPMorgan’s updated model reflecting the “constructive” Florida Power and Light rate settlement filing, which supports the firm’s optimistic outlook for the firm’s regulated utility operations.

A wind turbine, its blades spinning to generate clean renewable energy.

NextEra Energy, Inc. (NYSE:NEE)’s high-quality regulated utility in Florida, combined with its rapidly growing renewable energy business, provides investors with the best of both worlds: a reliable dividend and industry-leading renewable energy growth opportunity.

NextEra Energy, Inc. (NYSE:NEE)’s managed utility, Florida Power & Light, is Florida’s largest rate-regulated utility. The company possesses 36 gigawatts of generation and provides electricity to more than 6 million consumer accounts throughout Florida. FP&L accounts for approximately 70% of its consolidated operating profitability. NextEra Energy Resources, the renewable energy business, generates and sells power in the United States and Canada, with over 37 GW of generation capacity from natural gas, nuclear, wind, and solar. It is ranked third on our list of the Best Clean Energy Stocks.

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Disclosure. None.