Wells Fargo analyst Neil Kalton raised his price target for NextEra Energy to $200 from $191 after meeting with management. The analyst does not think shares adequately reflect the likely sustainability of NextEra's 8%-plus EPS CAGR well beyond the company's 2018-2021 forecast period. Kalton believes renewables growth should continue to surprise to the upside and NextEra should be able to execute on a series of accretive regulated utility company and/or asset acquisitions over the next decade to supplement the already strong growth at FPL. He reiterates an Outperform rating on the stock.

BMO Capital raised the firm's price target on NextEra Energy to $72 from $70 and keeps an Outperform rating on the shares after its Q1 earnings beat. The company's 2.765 MWs of originations, net 1.5 GWs added to NEER's backlog, and positive outlook for robust data center-related demand drove the outperformance on the day, the analyst tells investors in a research note. The stock warrants a premium valuation given its fundamental and thematic drivers, including one of the world's largest renewable backlogs and favorable recovery of investments, the firm added.