BUZZ-Jefferies lowers PT on NextEra Energy on potential IRA repeal, tariff tensions

Reuters2025-04-16
BUZZ-Jefferies lowers PT on NextEra Energy on potential IRA repeal, tariff tensions

** Jefferies lowers PT on renewable power company NextEra Energy NEE.N to $74 from $77

** New PT still a 9.4% upside to stock's last close

** Brokerage says that investors are focused on potential repeal of Inflation Reduction Act (IRA) and are worried about renewables under the Trump administration

** Jefferies anticipates tariffs to impact the company given that it has been diversifying its supply chain more post-covid

** "If NEE provides quantification of exposures, that would reduce the high degree of uncertainty" - brokerage

** 15 of 23 brokerages rate the stock "buy" or higher, 7 "hold" and 1 "sell" or lower; median PT is $84 - data compiled by LSEG

** Up till last close, stock down 5.5% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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