** Renewable energy producer NextEra Energy shares NEE.N marginally down 0.6% at $65.83, while NextEra Energy Partner's NEP up 1.7% at $29.3
** NEE, which includes renewables business NextEra Energy Resources (NEER) and regulated utility Florida Power & Light (FPL), reported adj. EPS of 91 cents/share in previous session vs. ests. of adj. EPS of 78 cents/shr - LSEG data
UTILITY, RENEWABLES ORDERS GROW
** Morningstar analysts "continue to view NEE as best-positioned utility to produce above-average long-term growth"; see faster growth in FPL as it builds out solar energy and benefits from above-average customer growth
** Guggenheim Securities cuts NEP PT to $37 from $40, maintains "buy"; maintains PT $80 and "buy" on NEE
** Says NEE uniquely positioned for power demand inflection (datacenter and C&I), with infrastructure developers wanting low-cost energy and decarbonization, which NEER is suited to address
** JP Morgan says of NEP that "we remain encouraged by the repowering pipeline and the opportunities for capital-efficient project drop-downs stemming from evolving Inflation Reduction Act rules"
** Raymond James says NEE's "vast wind and solar asset base provides a bottomless pool of dropdowns" for NEP, upside to PT of $45 assumes gradual of yield spread which depends on macro interest rate dynamics
(Reporting by Seher Dareen in Bengaluru)
((Seher.Dareen@thomsonreuters.com; If in India call +91 74832 70128;))