NextEra Energy (NEE) Shares are Up 1.75%

NextEra Energy (NEE) has been under a strong bear grip, hence the stock is down -1.78% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.13% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.75% in the last 1 week, and is up 4.85% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

NextEra Energy (NYSE:NEE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $128.01 and $127.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $130.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $129.81, notching a gain of 1.21% for the day. The total traded volume was 1,688,510 . The stock had closed at $128.26 on the previous day.


The stock has recorded a 20-day Moving Average of 1.27% and the 50-Day Moving Average is 4.7%. NextEra Energy, Inc. is up 14.27% in the last 3-month period. Year-to-Date the stock performance stands at 26.82%.

NextEra Energy, Inc. (NEE) is a holding company. The Company operates through its wholly owned subsidiaries, Florida Power & Light Company (FPL) and NextEra Energy Resources, LLC (NEER). It is an electric power company in North America with electric generating facilities located in 27 states in the United States and four provinces in Canada. Its segments are FPL and NEER. FPL is an electric utility engaged primarily in the generation, transmission, distribution and sale of electric energy in Florida. NEER owns, develops, constructs, manages and operates electric generating facilities in wholesale energy markets primarily in the United States, as well as in Canada and Spain. Corporate and Other segment represents other business activities, primarily NextEra Energy Transmission, LLC (NEET) and FPL FiberNet. NEET operates through Lone Star Transmission, LLC, a transmission service provider in Texas, and New Hampshire Transmission, LLC, a transmission owner in ISO New England.

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