NextEra Energy (NEE) shares are on track to continue gains for seven straight sessions on Friday, as the stock rose over 2% at $83.94 in afternoon trading.
The company gained over 3% in the preceding six sessions. Overall, the stock gained over 12% last year, compared to the over 16% rise in the broader S&P 500 Index.
NEE is up over 4% over the past one month. The stock closed marginally high on Thursday at $82.19.
Looking at Seeking Alpha’s Quant Rating, NEE has a Hold rating with a score of 3.16 out of 5. The company received an A- in the prospect of profitability, while it got a D- in the valuation factor.
Turning to the Wall Street community, 16 analysts gave NEE a Buy and above, seven analysts have given the stock a Hold recommendation, and one recommended Strong Sell. Seeking Alpha analysts are also bullish and see the stock as a Buy.
“The company’s recent string of deals with Google and Meta reinforces the argument that it’s not investing in capex just for the sake of investing in capex. The balance sheet supports these investments as well. NEE’s capex commitments set it up for 8%+ annual adjusted EPS growth for the foreseeable future,” noted a recent Seeking Alpha analysis.
Earlier in December, the company also raised guidance for adjusted earnings for the current year and next year, as it benefits from a surge in power demand driven by data centers.