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NEW YORK (

TheStreet

) --

NextEra Energy

(NYSE:

NEE

) hit a new 52-week high Friday as it is currently trading at $68.51, above its previous 52-week high of $68.44 with 72,718 shares traded as of 9:35 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.

NextEra Energy has a market cap of $28.26 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 11.3% year to date as of the close of trading on Thursday.

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NextEra Energy, Inc., through its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in the United States and Canada. The company is involved in the generation of renewable energy from wind and solar projects. The company has a P/E ratio of 13.4, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates NextEra Energy as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

NextEra Energy Ratings Report

.

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