Bernstein initiated coverage of NextEra Energy (NEE) with an outperform rating on June 17, 2026. Analysts set a price target of $107.00 for the utility company. This move follows recent upgrades from Morgan Stanley and JP Morgan.
Surging electricity demand from artificial intelligence and data centers supports the optimistic outlook. NextEra’s Florida Power & Light subsidiary reports over 20GW of large load inquiries. The unit is currently developing 9GW of additional data center demand.
NextEra partnered with Google to deploy AI for grid modernization. The company also agreed to recommission a nuclear plant to support Google’s infrastructure needs.