#2 - NextEra Energy (NYSE:NEE)
In terms of retail electricity sales, NextEra Energy (NYSE: NEE) is the largest electric utility in the United States. And like many utility companies, NextEra has a strong dividend history with 42.49% growth over the last three years.
But wait a second. Aren’t utility companies generally considered to be defensive stocks? That would be true except that NextEra is not exclusively a utility company. The company also owns NextEra Energy Resources, which is leading the way in America’s pursuit of clean energy.
This gives what would normally be considered a defensive play some bullish upside. And that’s reflected in the NEE stock price which has grown 13% in 2021. Clean energy is becoming a reality as the price catches up to the technology. NextEra is the world’s largest generator of renewable energy from wind and solar. And it would appear that solar will play a major role in our clean energy future. Solar power is expected to move from 3% to over 40% of power generation by 2035.
About NextEra Energy
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
Read More - Current Price
- $71.67
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 7 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $87.15 (21.6% Upside)
