NextEra Energy (NEE) Stock Gets UBS Buy Rating Boost After Budget Bill Win

NextEra Energy, Inc. (NYSE:NEE) ranks among the best low volatility stocks to buy according to analysts. UBS reaffirmed its Buy rating on NextEra Energy, Inc. (NYSE:NEE) on July 2 with a price target of $84, pointing to encouraging developments in the recently concluded budget reconciliation bill. Important clauses like safe harbor and tax transferability were preserved in the budget bill, according to UBS, which gives NextEra an extension for safe harbor operations and an operational runway through 2029.

NextEra Energy (NEE) Stock Gets UBS Buy Rating Boost After Budget Bill Win

UBS noted that excise taxes were eliminated in the final draft of the bill, which was another win for the company. According to the firm, NextEra Energy, Inc. (NYSE:NEE) shares recovered 8% from their low point during intraday trading on July 1. The firm also stated that, based on its 2027 earnings projection of $4.33, the stock currently trades at a 3% premium to the broader Utility group.

One of the top utility companies in North America, NextEra Energy, Inc. (NYSE:NEE), produces, transmits, and distributes electricity. The company also runs electric generating facilities in wholesale energy markets and engages in energy commodity trading.

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