NextEra Energy: Time to Take Some Profits off the Table?

The shares of Utility NextEra Energy (NEE), formerly called FPL Group and first discussed here at a price of $43.30 on March 3, 2009, have moved smartly higher, including a push through $50 resistance, and now may be a good time to consider taking some profits off the table.

However, those investors who can tolerate the risk can consider holding a full position to go for an even larger gain.

Look for NextEra's earnings to increase about 10% in FY2010, on a likely above-average revenue growth rate. The company changed its name in May to better reflect the company's clean energy provider status.

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NextEra Energy: Time to Take Some Profits off the Table? originally appeared on BloggingStocks on Wed, 27 Oct 2010 15:40:00 EST. Please see our terms for use of feeds.

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