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Morgan Stanley Releases a Buy Rating on NextEra Energy (NEE)

Tipranks - Tue Mar 24, 10:32PM CDT

Morgan Stanley analyst David Arcaro assigned a Buy rating to the stock yesterday. The company’s shares closed yesterday at $90.23.

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According to TipRanks, Arcaro is a 5-star analyst with an average return of 14.7% and a 68.13% success rate. Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, American Electric Power, and CMS Energy.

In addition to Morgan Stanley, NextEra Energy also received a Buy from TipRanks – xAI’s xAi Regulated Electric in a report issued on March 21. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on NextEra Energy (NYSE: NEE).

Based on NextEra Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.56 billion and a net profit of $1.54 billion. In comparison, last year the company earned a revenue of $5.39 billion and had a net profit of $1.2 billion

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