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Investing.com - UBS has reiterated its Buy rating and $84.00 price target on NextEra Energy (NYSE:NEE), citing confidence in the company’s long-term earnings growth potential. The utility giant, currently trading at $72.06 with a market capitalization of $148.29 billion, has demonstrated strong dividend performance, having raised its dividend for 29 consecutive years according to InvestingPro data.
The investment firm believes concerns about a potential "earnings cliff" at NextEra Energy are "likely overblown" following meetings with investors where the company clarified its longer-term earnings growth drivers. With analyst price targets ranging from $52 to $103 and a revenue growth forecast of 15% for FY2025, the company’s growth trajectory remains a key focus for investors.
UBS expects NextEra Energy to sustain growth at or above the high end of its current 6-8% range through 2029, contingent upon reasonable outcomes from the Florida Power & Light (FPL) rate case and treasury rules that don’t apply retroactively.
The firm highlighted NextEra’s current price-to-earnings discount of 5% based on 2027 estimated earnings per share, describing the risk-reward profile as "meaningfully positive" for investors.
UBS also noted that robust power demand creates advantageous conditions for NextEra Energy, with the company’s size and scale positioning it to capitalize on a wide range of growth opportunities as it builds toward an "all of the above" generation approach.
In other recent news, NextEra Energy reported its second-quarter 2025 earnings, revealing adjusted earnings of $1.05 per share, which surpassed analyst expectations of $0.98 per share. However, the company’s revenue for the quarter was $6.7 billion, falling short of the projected $7.29 billion. Following the earnings announcement, Mizuho (NYSE:MFG) raised its price target for NextEra Energy to $74 from $69, while maintaining a Neutral rating on the stock. In addition, NextEra Energy completed the remarketing of approximately $2 billion of its Series M Debentures, setting the interest rate at 4.685% annually. These debentures, originally issued in September 2022, will have interest payments starting in September 2025. The company also declared a regular quarterly dividend of $0.5665 per share, payable on September 15, 2025, to shareholders of record as of August 28, 2025. These developments provide investors with several key updates on the company’s financial activities and future expectations.
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