The decline comes despite an increased focus on clean energy in recent weeks, as Russia's invasion of Ukraine has led to spiking prices for oil and natural gas. "At its core, we believe NEE remains an attractive combination of a single-state utility with attractive growth prospects and a premium clean energy developer." NextEra's stock has declined 14% since the end of December. "NEE has been the worst performer in our universe YTD as management transition and a rotation out of clean energy names has taken the shine off a premium utility+clean energy developer," Karp wrote. Analyst Sophie Karp upgraded NextEra to overweight from sector weight, saying in a note to clients Sunday evening that the stock's rough start to 2022 had brought it to an attractive buying point for investors. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.įusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.Utility stock NextEra Energy could be poised for a rebound as investors assess the impact of surging oil prices, according to KeyBanc. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Trading on margin increases the financial risks.īefore deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.įusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. The Company also offers residential services, such as heating and cooling solutions and home services. Its utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co. The Regulated Natural Gas segment transports, stores and distributes natural gas primarily in portions of Minnesota, Wisconsin, North Dakota, Michigan and Colorado. In addition, it also engaged in the sales for resale and provides wholesale transmission service to various entities in the United States. The Regulated Electric utility segment generates, transmits, and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico. Its segments include Regulated Electric and Regulated Natural Gas. The Company provides a portfolio of energy-related products and services through its four utility subsidiaries. is an electric and natural gas delivery company.
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