NextEra Energy (NEE) Offering Possible 17.65% Return Over the Next 8 Calendar Days

NextEra Energy's most recent trend suggests a bullish bias. One trading opportunity on NextEra Energy is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 17.65% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock dropped below the $70.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for NextEra Energy is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for NextEra Energy is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

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LATEST NEWS for NextEra Energy

Elliott Management Prods Evergy to Resume NextEra Merger Talks
Tue, 10 Nov 2020 19:11:00 +0000
Elliott Management, the hedge fund run by Paul Singer, called upon power utility Evergy to “immediately reengage” with NextEra Energy one day after reportedly rejecting a $15 billion acquisition offer. Shares of the Kansas City-based Evergy were up 1.50% to $58.86, while Juno Beach, Fla.-based NextEra Energy was up nearly 1% to $75.99 at last check. Reuters reported Monday that NextEra Energy, the world's largest producer of wind and solar energy, made the all-stock acquisition offer for Evergy.

Elliott calls on Evergy to reengage with NextEra Energy after bid report
Tue, 10 Nov 2020 13:46:34 +0000
Activist investor Elliott Management Corp on Tuesday called on Evergy Inc to immediately reengage in deal talks with NextEra Energy Inc, a day after Reuters reported that the company had turned down a roughly $15 billion all-stock bid. “As one of Evergy's largest investors, Elliott believes that Evergy's Board must act in accordance with its fiduciary duty to immediately reengage with NextEra and fully explore the possibility of a transaction that maximizes value for Evergy's stakeholders,” the activist investor said in a statement.

NextEra Offers $15B To Buy Power Utility Evergy – Report
Tue, 10 Nov 2020 06:34:12 +0000
Utility giant NextEra Energy has made a $15 billion all-stock acquisition offer for Evergy, Reuters has learnt.Per the Reuters report, the offer price values Evergy in the mid $60 per share. However, NextEra’s (NEE) bid has in recent days been rejected by Evergy as the latter finds the offer inadequate. Also, Evergy wants a detailed plan to overcome regulatory hurdles related to the transaction, according to Reuters.Earlier, on Nov. 2, NextEra announced that it had reached an accord to sell “a 90% interest in a 1,000 megawatt (MW) portfolio of long-term contracted renewables assets (the portfolio) and a 100% interest in a 100-MW solar-plus-storage project for approximately $1.3 billion in total proceeds” to NextEra Energy Partners and a consortium of private investors led by KKR. (See NEE stock analysis on TipRanks).On Oct. 22, Merrill Lynch analyst Julien Dumoulin Smith maintained a Buy rating on the stock with a price target of $80.50 (6.6% upside potential). In a note to investors, Smith said that “We are Buy rated on NEE as we see continued tailwinds driven by execution at the utilities and renewable procurement, benefits from election dynamics, and early discussions of hydrogen opportunities driving shares higher.”Currently, the Street has a bullish outlook on the stock. The Strong Buy analyst consensus is based on 9 Buys and 3 Holds. With shares up nearly 15% year-to-date, the average price target of $75.79 implies that the stock is almost fully priced at current levels.Related News: Northern Oil And Gas Up 8% On 3Q Profit Win; Street Sees 247% Upside Activist Investor Elliott Management Builds Stake In F5 Networks – Report UPS Reaches Accord With Canadian Trade Union; Stock Up 43% YTD More recent articles from Smarter Analyst: * Nikola Says Partnership Talks With GM On Track; Shares Gain * Hain Celestial Beats 1Q Estimates On Pandemic-Led Demand * BTIG Flips To Buy On Square; Stock Up 194% YTD * Alibaba, Richemont To Invest $1.1B In Farfetch For China Push; Stock Up 323% YTD

NextEra Makes $15 Billion Bid to Acquire Midwestern Utility Evergy
Mon, 09 Nov 2020 23:11:00 +0000
The largest electrical utility in North America, Florida-based NextEra Energy (NYSE: NEE), is trying to become even larger, according to a new report. Citing unnamed “people familiar with the matter,” Reuters reports that the energy giant has made a $15 billion bid for Kansas City-based utility Evergy (NYSE: EVRG). This news comes on the heels of NextEra's rejected bid to buy fellow electric giant Duke Energy in September.

Exclusive: NextEra Energy in $15 billion bid for Evergy – sources
Mon, 09 Nov 2020 20:38:43 +0000
NextEra Energy Inc, the world's largest producer of wind and solar energy, has made a roughly $15 billion all-stock acquisition offer for U.S. power utility Evergy Inc, people familiar with the matter said on Monday. Evergy turned down the offer in recent days and it is unclear whether NextEra will make a new approach, said the sources, who requested anonymity because the matter is confidential. One of the sources added that NextEra had no immediate plans for a new bid.

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