NextEra Energy Reaches New 52-Week High (NEE)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- NextEra Energy (NYSE: NEE) hit a new 52-week high Friday as it is currently trading at $72.36, above its previous 52-week high of $72.35 with 555,888 shares traded as of 2:11 p.m. ET. Average volume has been 1.6 million shares over the past 30 days.

NextEra Energy has a market cap of $30.38 billion and is part of the utilities sector and utilities industry. Shares are up 4% year to date as of the close of trading on Thursday.

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 14, 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 solid stock price performance, increase in net income, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full NextEra Energy Ratings Report.

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