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Erste Group Sees NextEra Energy (NEE) Benefiting From Rising Electricity Demand
Erste Group upgraded NextEra Energy (NEE) to Buy from Hold, citing the company’s raised long-term growth outlook and strong financial performance. NextEra expects 8% EPS growth through 2032 and intends to maintain that pace through 2035, driven by rising electricity demand. The company also announced a 10% increase in its quarterly dividend, aligning with its plan for continued dividend growth.