NextEra Energy (NEE) Price Target Raised by Analysts

NextEra Energy, Inc. (NYSE:NEE) is included among the 12 Best Electric Utility Stocks to Buy for the Data Center Surge.

NextEra Energy (NEE) Price Target Raised by Analysts

With a market cap of over $193 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 4, Evercore ISI raised its price target on NextEra Energy, Inc. (NYSE:NEE) from $97 to $107, while keeping an ‘Outperform’ rating on the shares. The target boost reflects an upside potential of over 15% from the current price levels.

Similarly, earlier on April 27, BMO Capital also bumped up its price target on NextEra Energy, Inc. (NYSE:NEE) by $5, while maintaining its ‘Outperform’ rating on the shares (read more details here).

NextEra Energy, Inc. (NYSE:NEE) beat earnings estimates in its Q1 2026 report on April 23, with its profit of $2.18 billion growing by almost 162% compared to the same period last year. Notably, the company’s renewables and storage unit had a record quarter, adding 4 GW of new renewable and storage projects to its backlog. Nextera’s total backlog now stands at around 33 GW.

NextEra Energy, Inc. (NYSE:NEE) reaffirmed its adjusted EPS target of $3.92 to $4.02 per share for full-year 2026, up from $3.71 per share last year. The utility then further expects to grow its adjusted EPS at a CAGR of over 8% through 2032, and then the same from 2032 through 2035, all off the 2025 base.

While we acknowledge the risk and potential of NEE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NEE and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Electrical Infrastructure Stocks to Buy According to Hedge Funds and 10 Best Fortune 500 Stocks to Buy According to Analysts

Disclosure: None. Follow Insider Monkey on Google News.