NextEra Energy's Next Leg Down (Rating Downgrade)
NEENextEra Energy(NEE) Seeking Alpha·2024-01-11 07:00

Klaus Vedfelt/DigitalVision via Getty Images On our last coverage of NextEra Energy, Inc. (NYSE:NEE), we opined that bears should not get overly ambitious as the stock looked ripe for a rebound. We based that primarily on just how far the company was from the average analyst price target, a metric that often creates a temporary floor at least. We suggested cautious investors could get involved using covered calls to generate an 18.61% yield. The defensive play worked out, though obviously not as much as goi ...