Wunderlich's Summary Of NexEra Energy

NextEra Energy (NYSE: NEE) – ($55.45, Buy) included in its report recurring gains of $0.93 in 2009 and $0.57 thus far in 2010 from production tax credits, gains on disposal of assets, and pension income, according to Wunderlich

Amounts represent 23%-28% of overall Street recognized earnings. NEE accounting policies were as Wunderlich expected and indicate nothing unusual from an accounting perspective. NEE has a net regulatory liability recorded of $3.92 per share on a book value basis, which is believed to be more favorable than peers that have net assets recorded, as there is less risk of future non-realization or future impairments of write-downs.

Wunderlich reiterates its Buy rating and $57 price target.

NextEra Energy, Inc. closed yesterday at $55.45.