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Downgrade Alert for NextEra Energy (NEE)

By David Diaz

NextEra Energy (NYSE:NEE) was downgraded from Outperform to Neutral at Macquarie today. The stock closed yesterday at $118.72 on volume of 1.3 million shares, below average daily volume of 2.3 million.

NextEra Energy, Inc. is a clean energy company. The Company, through its subsidiaries, generates, transmits, distributes, and sells electric energy utilizing natural gas, wind and nuclear resources.

NextEra Energy (NYSE:NEE) is currently priced 0.9% above its average consensus analyst price target of $117.65. NextEra Energy shares have support at the 50-day moving average (MA) of $114.39 and additional support at the 200-day MA of $104.84.

In the past 52 weeks, shares of NextEra Energy have traded between a low of $93.74 and a high of $119.37 and closed yesterday at $118.72, which is 27% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend is tracking the current trend status for NextEra Energy and will alert subscribers who have NEE in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades nextera energy

Ticker(s): NEE