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Analysts Are Bullish on Top Utilities Stocks: Genex Power Ltd. (DE:GPO), NextEra Energy (NEE)

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Genex Power Ltd. (DE:GPOResearch Report) and NextEra Energy (NEEResearch Report) with bullish sentiments.

Genex Power Ltd. (DE:GPO)

Petra Capital analyst Ken Wagner maintained a Buy rating on Genex Power Ltd. yesterday and set a price target of A$0.27. The company’s shares closed yesterday at EUR0.14.

Wagner has an average return of 39.2% when recommending Genex Power Ltd..

According to TipRanks.com, Wagner is ranked #4203 out of 8761 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Genex Power Ltd. with an EUR0.16 average price target.

See the top stocks recommended by analysts >>

NextEra Energy (NEE)

J.P. Morgan analyst Jeremy Tonet maintained a Buy rating on NextEra Energy on March 10 and set a price target of $71.00. The company’s shares closed last Tuesday at $61.27.

According to TipRanks.com, Tonet is a 4-star analyst with an average return of 4.9% and a 55.6% success rate. Tonet covers the NA sector, focusing on stocks such as Kodiak Gas Services, Inc., Hess Midstream Partners, and Plains All American.

Currently, the analyst consensus on NextEra Energy is a Moderate Buy with an average price target of $70.45, implying a 16.7% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $85.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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