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Posted by
Two Blokes Jun 26 -
Filed in
Stock
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We initiate NextEra Energy with a Strong Buy and $94 target, citing embedded growth and a disciplined premium valuation. Florida Power & Light's under-modeled rate base growth and regulatory clarity drive consistent high-single-digit EBITDA growth, underappreciated by the market. NextEra's unmatched 28 GW renewables backlog, robust rate hedging, and minimal tariff risk create a strategic moat and superior earnings visibility.
