NextEra Energy Shares Fall 11% After Goldman Sachs Cut Target Price
October 02 2023 - 2:21PM
Dow Jones News
By Jeffrey T. Lewis
NextEra Energy shares fell 11.3% after Goldman Sachs cut its
target price for the energy producer.
Shares declined to $50.90 and were down 39% year to date.
Goldman cut its target price for the company to $72.00 from
$83.00 but maintained its buy rating for the company.
Some investors have concerns about the company's ability to find
capital investment going forward, about the prospects for
renewables growth and other factors, Goldman analyst Carly
Davenport said in a research note.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
(END) Dow Jones Newswires
October 02, 2023 14:06 ET (18:06 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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