Street View: NextEra shows resilience but policy challenges remain

** NextEra Energy NEE beat Wall Street estimates for second-quarter adjusted profit on Wednesday, boosted by robust growth in its renewables division amid soaring power demand from AI data centers and hyperscalers

** Earlier this month, U.S. President Donald Trump issued an executive order to eliminate any preferential treatment for building wind and solar generation projects on federal lands

POST-TAX CREDIT WORLD CONTINUES TO BE A CONCERN

** J.P.Morgan ("overweight") says the Treasury's safe harbor review adds modest uncertainty, while retroactive changes would break precedent and stricter future guidance remains a watchpoint as the Trump administration's intent unfolds

** Mizuho ("neutral," PT: $74) believes "NEE will continue to execute on its growth plans but don't expect any bullish messaging coming from the team as long as the FPL case is pending, and the Trump administration is working on renewable policy, such as safe harboring/start of construction"

** Scotiabank ("sector perform," PT: $96) remains bullish on NEE and believes that, while investor sentiment has improved since D.C. politicians removed worst-case scenarios around tax credits, the lingering uncertainty around Trump's executive orders creates opportunity for investors to build or increase positions in the stock

** Morningstar (fair value: $75) expects policy headwinds to continue for NEE's renewable energy development