This is Why Research Firms are Bullish on NextEra Energy Inc. (NEE) amid Industry Headwinds

NextEra Energy Inc. (NYSE:NEE) is one of the best wind power and solar stocks to buy according to analysts. On August 29, analysts at UBS reiterated a ‘Buy’ rating on the stock and an $84 price target despite the recent developments on solar import reviews and alternative rate settlement for Florida Power & Light.

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The research firm views the significant changes as ‘mere distractions’ that won’t affect NextEra Energy’s fundamental investment thesis and prospects. The fact that the company has demonstrated a solid earnings growth story underscores its potential to weather the headwinds, affirming strong financial management and effective strategic planning.

Sharing similar sentiments are analysts at Mizuho, who raised the stock’s price target to $78 following the rate settlement through its subsidiary, Florida Power & Light. Melius also initiated coverage with a Buy rating while insisting the company is a leader in renewable energy.

NextEra Energy Inc. (NYSE:NEE) generates wind and solar power by developing, constructing, and operating numerous large-scale wind farms and solar energy centers across North America, making it a leading generator of renewable energy.

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Disclosure: None. This article is originally published at Insider Monkey.