The brokerage firms have a bullish stance as they believe that the Company is well-managed, high quality utility serving a favorable demographic territory with significant rate base growth potential. They view NextEra Energy’s unique leading market position, expertise and growth potential to be worth a premium multiple to other wholesale power companies. The firms believe that FPL has a highly capable management team and continues to benefit from good relations with regulators. They also believe that the Company's solid finances, limited risk profile and attractive integrated structure are positives for investors. The firms are optimistic based on the Company's strong operating efficiencies and well-maintained and operated electric generating facilities. The firms continue to believe that FPL is among the best-positioned to capitalize not only on an improvement in power prices but, as a leading wind/solar developer, on the growing demand for renewable generation. The firms believe that premium valuation is warranted to reflect FPL's significant renewable generating resources, a constructive utility regulatory environment, a diversified portfolio of assets, better five-year EPS growth prospects than peers, less earnings variability due to modest commodity price exposure, and positive leverage to environmental trends.
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