Mizuho raised its price target on NextEra Energy to $90.00 from $88.00 and left its rating on the stock unchanged at Neutral after the company reported fourth-quarter adjusted earnings per share of $0.54. That EPS figure exceeded the consensus estimate of $0.53 and matched the $0.53 earned in the same quarter a year earlier.
In its assessment, Mizuho attributed the quarter’s mixed results to divergent performance across NextEra’s operating segments. The bank pointed to strong results at Florida Power & Light (FPL) as a bright spot. Those gains, however, were partially offset by reduced earnings at NextEra Energy Resources (NEER) and larger losses recorded at the parent-company level.
Investors appeared to react favorably to operational developments in Florida. NextEra said it is in advanced discussions for approximately 9 gigawatts of large load in the state - a figure that exceeds the roughly 6 gigawatts included in the company’s forecast through 2032. Mizuho noted that detail as a positive contributor to investor sentiment, and the stock outperformed the UTY utilities index by 74 basis points in response.
The analyst also flagged NextEra’s nuclear initiatives as noteworthy. Those initiatives include the potential colocation of 6 gigawatts of small modular reactors at existing nuclear sites, plans to pursue new greenfield nuclear sites, and marketing about 1.7 gigawatts of nuclear capacity from its Point Beach and Seabrook facilities. Mizuho cited these items as elements of the company’s forward-looking project set.
Separately, NextEra reported fourth-quarter 2025 results that fell short of some analyst expectations. The company posted EPS of $0.54, below a forecasted $0.56, and reported revenue of $6.5 billion versus an anticipated $6.78 billion. Those results were released on January 27, 2026. The earnings and revenue shortfalls are notable data points for investors monitoring the company’s near-term financial performance.
No significant mergers or acquisitions were disclosed in the latest updates, and there have been no recent analyst upgrades or downgrades noted in the information provided. Taken together, Mizuho’s price-target increase alongside a Neutral rating reflects a view that the company’s positive operational developments are counterbalanced by segment-level weaknesses and parent losses.
Implications for markets and sectors
- Utilities - The company’s mixed quarterly performance and the analyst action are directly relevant to utilities investors assessing earnings durability across regulated and unregulated operations.
- Energy infrastructure - Progress on large-load discussions in Florida and nuclear project plans could influence long-term capacity and capital planning considerations.
- Renewables and generation - Reduced earnings at NEER highlight volatility in the generation and renewables segment that can affect segment-level cash flow and portfolio returns.