#6 - NextEra Energy (NYSE:NEE)
NextEra Energy (NYSE:NEE) is not a pure-play solar stock by any means. However, it is one of North America's largest overall energy providers. So if you’re buying NEE stock, it’s on the premise that its “all of the above” approach will be a winning strategy.
And the company is posting revenue and earnings growth to back up the recent run-up in NEE stock. However, unlike many stocks on this list, NextEra stock is down in 2022. And the stock price is bumping up against the consensus estimate.
This leads to similar questions about the valuation of NEE. But recent price target increases since the company’s earnings report in August suggest that there may be a higher ceiling for the stock.
And, even if that doesn’t happen, NextEra offers an attractive dividend. In fact, the company is a member of the exclusive Dividend Aristocrats club this year and has increased its dividend in each of the last 28 years.
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
- $76.00
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 7 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $86.85 (14.3% Upside)
