NextEra Energy started at Neutral by UBS


NextEra Energy (NEE -0.4%) is initiated with a Neutral rating and $79 price target at UBS, which believes NEE is the best play on U.S. wind but is offset by the need for an improved balance sheet.

UBS does not expect NEE to follow peers in forming a YieldCo; while its contracted nuclear plants and pipeline of wind projects could form the core of a growth company, the unpredictable and correlated nature of wind limits the ability to have a high (~90%) payout akin to the NRG Yield (NYLD) structure, the firm writes.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs