Morgan Stanley’s 10 Best Fresh Money Stocks To Buy

Although Morgan Stanley analysts only set a 4% upside potential for NextEra Energy Inc (NYSE:NEE), they heaped plenty of praise on the utility giant. According to their note to investors, NextEra Energy was “Best-in-class utility coupled with a premier renewable energy business.” Morgan Stanley estimated 6% to 8% earnings growth through 2021, compared to 4% to 6% earnings growth for its peers. NextEra’s dividends were also expected to grow at 12% to 14% through at 2020.

NextEra Energy Inc (NYSE:NEE) is one of the stocks on Morgan Stanley’s list that is close to reaching its target price. The stock inched higher throughout March but settled in a tight range in April, bouncing between the $160 and $165 levels, with Morgan Stanley’s target price of $168 in sight. NextEra Energy Inc (NYSE:NEE) reported mixed results in its latest earnings report. The company registered $3.86 billion in revenue, below estimates, and adjusted earnings of $1.94 per share, well above the analysts’ consensus of $1.78 per share. The stock barely budged in reaction to the report.