NextEra Energy Price Target Rises to $106 as Q4 EPS Tops Estimates
Morgan Stanley raised its price objective on NextEra Energy to $106 from $104 while maintaining an Overweight rating after noting utilities lagged the S&P Index in January. NextEra delivered Q4 adjusted EPS of $0.54, reaffirmed 2026 guidance of $3.92–$4.02 and projected at least 8% annual earnings growth through 2032.
1. Morgan Stanley Rating and Price Target
On February 20, Morgan Stanley maintained an Overweight rating on NextEra Energy and raised its price objective to $106 from $104, reflecting revised price targets across its North American utilities coverage after noting January underperformance versus the S&P Index.
2. Q4 Earnings Performance
NextEra Energy reported adjusted earnings of $0.54 per share for the fourth quarter, surpassing consensus estimates of $0.53, driven by strong operating results across its Florida Power & Light and NEER segments.
3. Long-Term Outlook and Growth Projections
The company reaffirmed its 2026 adjusted EPS guidance range of $3.92 to $4.02 and projected at least 8% annual growth through 2032, underpinned by plans to extend its nuclear fleet by up to 9 GW, add 6 GW at existing sites and pursue greenfield renewable projects.