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NextEra Energy (NEE) PT Raised to $104 at UBS on Rising Data Center Power Demand

NextEra Energy Inc. (NYSE:NEE) is one of the hot EV stocks to buy now. On March 5, UBS increased its price target for NextEra Energy to $104 from $91 with a Buy rating, citing the company’s strong positioning to meet rising power demand from large-scale customers such as data centers. UBS noted that while some market skepticism exists regarding NextEra Energy’s 8%+ EPS growth target due to potential execution risks in gas plant contracts and Florida-based data center developments, the firm’s multi-technology capabilities and scale in the competitive NEER segment provide a distinct advantage. Ultimately, securing additional generation deals is expected to support investor confidence and drive further valuation upside.

In 2025, NextEra Energy reported adjusted EPS of $3.71, which was a 8.2% year-over-year increase, surpassing the company’s financial expectations. Q4 saw GAAP net income rise to $1.535 billion, up from $1.203 billion in the same period of 2024. Chairman and CEO John Ketchum attributed these results to operational execution across both the regulated utility and competitive energy segments, positioning the company to meet surging national electricity demand.

Ikonoklast Fotografie/Shutterstock.com

NextEra Energy Inc. (NYSE:NEE) achieved a record-breaking year in new generation and storage, adding 13.5 gigawatts to its backlog for a total of ~30 gigawatts. A highlight was the plan to recommission the Duane Arnold nuclear plant through a power purchase agreement with Google, reflecting high demand from hyperscalers. NextEra Energy has now set a long-term growth target of 8% or more in adjusted EPS through 2035. For 2026, the company projects adjusted EPS in the range of $3.92 to $4.02, supported by a planned 10% annual dividend growth rate through the end of the year.

NextEra Energy Inc. (NYSE:NEE), through its subsidiaries, generates, stores, transmits, distributes, and sells electric power to retail and wholesale customers in North America. It operates through Florida Power & Light Company/FPL and NEER segments.

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: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 11 Best EV Stocks to Buy According to Analysts.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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