BMO Capital analysts slightly increased their price target for NextEra Energy (NYSE:NEE) to $79 from $78, while maintaining an Outperform rating on the stock. The analysts noted that despite NextEra Energy's over 20% relative outperformance year-to-date, the shares recently came under pressure, underperforming the broader utility sector by over 450 basis points due to key updates falling short of elevated expectations.

However, the analysts emphasized the positive themes from this year's update, including continued strong regulated capital growth of 9% at Florida Power & Light (FPL) and the technological and scale advantages at NextEra Energy Resources. These factors are expected to drive superior returns and offer a speed-to-market advantage in a dynamic demand environment.