How NextEra Energy Stock Managed to Outpace Peers
Florida-based NextEra Energy (NEE) is one of the most rallied stocks among the S&P 500 utilities. It has significantly outperformed its peers, rising 23.0% year-to-date. In comparison, Southern Company (SO) has fallen 1.0%, and Duke Energy (DUK) has risen 9.0% since the start of 2017.
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NextEra Energy is currently trading at par to its 50-day moving average and at a 10.0% premium to its 200-day moving average. Its premium to its 200-day moving average underlines the strength of NEE stock. That level of $136 might act as a support for NEE going forward. Its RSI seems stable at its current level of 60.
You can read how NextEra Energy outperformed its peers in Earnings Growth Is Key to NextEra Energy’s Outperformance.