NextEra Energy Reaches New 52-Week High (NEE)

NEW YORK ( TheStreet) -- NextEra Energy (NYSE: NEE) hit a new 52-week high Wednesday as it is currently trading at $59.22, above its previous 52-week high of $58.98 with 231,773 shares traded as of 10:05 a.m. ET. Average volume has been 2.2 million shares over the past 30 days.

NextEra Energy has a market cap of $24.32 billion and is part of the utilities sector and utilities industry. Shares are up 13% year to date as of the close of trading on Tuesday.

NextEra Energy, Inc., through its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in the United States and Canada. As of December 31, 2010, NextEra Energy had approximately 43,000 mega watts of generating capacity. The company has a P/E ratio of 15.9, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates NextEra Energy as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full NextEra Energy Ratings Report.

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