NextEra Energy: Fundamentals And Technicals Solid, But Shares Rally To Fair Value (Rating Downgrade)
NEENextEra Energy(NEE) Seeking Alpha·2024-07-16 17:12
felixmizioznikov/iStock via Getty Images NextEra Energy (NYSE:NEE) has benefitted from an overall rise in the Utilities sector over the past three months. The Utilities Select Sector SPDR ETF (XLU) is second only to the Information Technology ETF (XLK) since the middle of April. Solid earnings from the power-generation group helped back in the springtime, and key earnings from NEE are on tap next week. Since April, interest rates have fallen amid a bull steepener across the yield curve, which is likely  ...