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Will NextEra Energy Continue Its Strong Performance in 1Q17?

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Part 6
Will NextEra Energy Continue Its Strong Performance in 1Q17? PART 6 OF 7

NextEra Energy’s Price Targets before Its 1Q17 Results

NextEra Energy’s price targets

NextEra Energy (NEE) appears to have a brighter potential upside for the next year than its peers. According to Wall Street analysts’ estimates, NextEra Energy has a price target of $137.47—compared to its current market price of $129.54. It implies an estimated gain of more than 6%.

Of the 18 analysts tracking NextEra Energy, five recommend it as a “strong buy,” 11 recommend it as a “buy,” and two recommend it as a “hold.” None of the analysts recommend NextEra Energy as a “sell” as of April 14, 2017.

NextEra Energy’s Price Targets before Its 1Q17 Results

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Peer price targets

Wall Street analysts’ consensus price target for Southern Company (SO) is $50.76. Its current market price is $49.78, which implies a rise of 2% over the next year. The price target for Duke Energy (DUK) is $80.89. Its current market price is $82.99, which implies a fall of nearly 2.5% over the next year.

Notably, many utilities are currently offering dull upsides for the next year, as seen in analysts’ price targets. However, some S&P 500 utilities (XLU) are still offering handsome upsides from their current levels.

For more on this industry, read These S&P 500 Utilities Offer Big Upsides after the Rate Hike.

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