NextEra Energy Inc. [NYSE: NEE] price plunged by -4.61 percent to reach at -$3.5. The company report on June 6, 2022 that Statement by NextEra Energy, Inc. President and CEO and NextEra Energy Partners, LP CEO John Ketchum on Biden administration steps to ease solar tariffs.
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NextEra Energy, Inc. (NYSE: NEE) President and CEO and NextEra Energy Partners (NYSE: NEP) CEO John Ketchum issued the following statement regarding today’s announcement on solar tariffs.
“The Biden administration’s announcement of a two-year pause on new solar tariffs is an important step to help the solar industry recover from the uncertainty of the last three months. I want to thank the administration for recognizing the challenges that trade uncertainty presents to our industry and the country and for taking this important action. NextEra Energy has and will continue to use our industry leadership to support more U.S. solar manufacturing. We look forward to working with the administration on this effort and putting hard working Americans back to work in the solar industry.”.
A sum of 11878585 shares traded at recent session while its average daily volume was at 9.68M shares. NextEra Energy Inc. shares reached a high of $74.76 and dropped to a low of $71.96 until finishing in the latest session at $72.41.
The one-year NEE stock forecast points to a potential upside of 21.53. The average equity rating for NEE stock is currently 2.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on NextEra Energy Inc. [NEE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NEE shares is $92.28 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NEE stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Credit Suisse have made an estimate for NextEra Energy Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 26, 2022. The new note on the price target was released on March 07, 2022, representing the official price target for NextEra Energy Inc. stock. Previously, the target price had yet another raise to $85, while Credit Suisse analysts kept a Outperform rating on NEE stock. On March 08, 2021, analysts decreased their price target for NEE shares from 87 to 85.
The Average True Range (ATR) for NextEra Energy Inc. is set at 2.07, with the Price to Sales ratio for NEE stock in the period of the last 12 months amounting to 8.93. The Price to Book ratio for the last quarter was 3.96, with the Price to Cash per share for the same quarter was set at 0.74. Price to Free Cash Flow for NEE in the course of the last twelve months was 28.94 with Quick ratio for the last quarter at 0.40.
NEE Stock Performance Analysis:
NextEra Energy Inc. [NEE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.70. With this latest performance, NEE shares gained by 5.69% in over the last four-week period, additionally sinking by -19.79% over the last 6 months – not to mention a drop of -1.23% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NEE stock in for the last two-week period is set at 40.45, with the RSI for the last a single of trading hit 34.65, and the three-weeks RSI is set at 42.58 for NextEra Energy Inc. [NEE]. The present Moving Average for the last 50 days of trading for this stock 76.45, while it was recorded at 76.79 for the last single week of trading, and 81.57 for the last 200 days.
Insight into NextEra Energy Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and NextEra Energy Inc. [NEE] shares currently have an operating margin of +33.21 and a Gross Margin at +41.67. NextEra Energy Inc.’s Net Margin is presently recorded at +16.80.
Return on Equity for this stock inclined to 9.69, with Return on Assets sitting at 2.66.
NextEra Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.50.
NEE Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NEE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NextEra Energy Inc. go to 9.35%.
NextEra Energy Inc. [NEE] Insider Position Details
There are presently around $116,136 million, or 79.50% of NEE stock, in the hands of institutional investors. The top three institutional holders of NEE stocks are: VANGUARD GROUP INC with ownership of 182,355,161, which is approximately 1.96% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 147,832,499 shares of the stock with an approximate value of $11.22 billion in NEE stocks shares; and STATE STREET CORP, currently with $8.17 billion in NEE stock with ownership of nearly 8.057% of the company’s market capitalization.
Positions in NextEra Energy Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 1,209 institutional holders increased their position in NextEra Energy Inc. [NYSE:NEE] by around 77,492,567 shares. Additionally, 987 investors decreased positions by around 79,932,168 shares, while 316 investors held positions by with 1,372,491,086 shares. The mentioned changes placed institutional holdings at 1,529,915,821 shares, according to the latest SEC report filing. NEE stock had 144 new institutional investments in for a total of 7,806,407 shares, while 143 institutional investors sold positions of 19,750,468 shares during the same period.