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Why NextEra Energy's Stock Is Trading Lower Today

NextEra Energy Inc (NYSE: NEE) shares are trading lower on Friday, after Morgan Stanley maintained an Equal-Weight rating and lowered the price target from $246 to $237.

Benzinga · 05/15/2020 18:52

NextEra Energy Inc (NYSE: NEE) shares are trading lower on Friday, after Morgan Stanley maintained an Equal-Weight rating and lowered the price target from $246 to $237.

NextEra Energy's regulated utility, Florida Power and Light, distributes power to roughly 5 million customers in Florida. Florida Power & Light contributes over 60% of the group's operating earnings. Gulf Power also operates in Florida.

The renewable energy segment generates and sells power throughout the U.S. and Canada. Consolidated generation capacity totals over 51 gigawatts and includes natural gas, nuclear, wind, and solar assets.

NextEra Energy shares were trading down 3.37% at $224.30 on Friday. The stock has a 52-week high of $283.34 and a 52-week low of $174.80.