Is Wall Street Bullish or Bearish on NextEra Energy Stock?

NextEra Energy, Incorporated (NEE), with a market cap of $153.2 billion, is a key electricity provider in North America. The Florida-headquartered company generates electricity using wind, solar, nuclear, and natural gas.

Shares of NextEra have underperformed the broader market considerably over the past year. NEE has declined 3.7% over this time frame, while the broader S&P 500 Index ($SPX) is up 26.7%. However, things are looking up, as the stock has soared 23.6% in 2024 alone, higher than SPX’s 9.4% YTD return.