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Fly News Breaks for April 30, 2015
NEP, NEE
Apr 30, 2015 | 07:33 EDT
Wells Fargo believes that NextEra's multiple should expand, given its projected five year EPS growth of 7% annually versus peers at 4%-5%, its ability to achieve the growth without external equity, its attractive funding vehicle, and its management which has proven to be a good steward of capital. The firm reiterates an Outperform rating on the shares.
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