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Investing.com - Mizuho (NYSE:MFG) raised its price target on NextEra Energy (NYSE:NEE) to $74.00 from $69.00 on Thursday, while maintaining a Neutral rating on the stock. The utility giant, currently trading at $72.82 with a market cap of ~$150 billion, has demonstrated strong dividend performance, maintaining payments for 55 consecutive years according to InvestingPro data.
The price target increase follows NextEra’s second-quarter earnings per share of $1.05, which exceeded Wall Street estimates of $1.01. Despite the earnings beat, NextEra shares closed down approximately 6% after the report. The company maintains a "Fair" financial health score on InvestingPro, with analyst targets ranging from $52 to $103 per share.
Mizuho noted that investor questions continue to surface regarding a potential "earnings cliff" after 2029 when tax credits expire, and whether the Trump administration might change safe harboring rules for renewable energy projects.
NextEra’s management emphasized that while tax laws are changing, increasing customer demand will likely push renewable power purchase agreement prices higher. The company also stated it has already started construction for all projects planned for 2028 and 2029, and views retroactive policy changes as unlikely.
NextEra Energy is expected to hold an investor day in either the fourth quarter of 2025 or the first quarter of 2026, according to Mizuho’s report.
In other recent news, NextEra Energy reported its second-quarter 2025 financial results, highlighting a mixed performance. The company achieved adjusted earnings of $1.05 per share, surpassing analyst expectations of $0.98 per share. However, its revenue for the quarter was $6.7 billion, falling short of the anticipated $7.29 billion. These earnings results reflect the company’s ongoing financial activities and market position. No significant changes in stock ratings from major analyst firms were noted during this period. The company’s revenue miss contrasts with its earnings beat, providing a nuanced view of its financial health. These developments are part of the broader landscape of NextEra Energy’s recent activities.
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