NextEra Energy (NEE) Price Target Raised by $1 at Barclays

NextEra Energy, Inc. (NYSE:NEE) is included among the 15 Best Nuclear Power Stocks to Buy According to Wall Street Analysts.

With a market cap of almost $180 billion as of the writing of this article, NextEra Energy, Inc. (NYSE:NEE) is the most valuable utility company in the world. The company boasts a diverse mix of energy sources, including natural gas, nuclear, renewable energy, and battery storage.

On May 26, Barclays slightly raised its price target on NextEra Energy, Inc. (NYSE:NEE) from $89 to $90, while keeping an ‘Equal Weight’ rating on the shares. The revised target represents an upside of over 4% from the current share price.

It was reported on May 18 that NextEra Energy, Inc. (NYSE:NEE) plans to acquire Dominion Energy in a $66.8 billion deal that ​will create the largest regulated electric utility in the world. The move comes at a time when American power consumption is expected to soar to record levels due to the demand from data centers that run artificial intelligence. The combined entity will be the world leader in renewable energy and battery storage, the US leader in natural gas generation, and will take second place in nuclear power.

The transaction is expected ​to close in 12 to 18 months, subject to antitrust review, shareholder approval, and regulatory approvals. Barclays expects Nextera to close the merger and sees a 2.5% accretion.

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