#4 - NextEra Energy Products (NYSE:XIFR)
The energy sector was a clear winner in 2023. And one of the intriguing questions that investors are wrestling with in 2023 is how much is left in the tank. With NextEra Energy Products (NYSE: NEP) investors can hedge their bets.
As its name implies, NextEra Energy has one of the largest clean energy portfolios. But the company also has approximately 727 miles of natural gas pipelines. This is increasing the company’s free cash flow (FCF) in 2023 and beyond. And the company says it plans to use a healthy part of that FCF to increase the dividend which already has a healthy 4.43% yield.
The company will deliver record EPS for the full year 2022. And the company recently slashed its forecast for the coming year. That is likely one reason short interest in the stock is up in the last month. But if oil prices rise as expected, it would be bullish for the company’s revenue and earnings.
About XPLR Infrastructure
XPLR Infrastructure LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.
- Current Price
- $9.51
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 14 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $20.27 (113.1% Upside)
