#5 - NextEra Energy (NYSE:NEE)
NextEra Energy (NYSE: NEE) may not be the first company that comes to mind when you think about solar providers. And of all the companies on this list, NextEra is certainly not a pure play on solar. However, it is one of the largest overall energy providers in North America.
The company distributes electricity throughout the United States and Canada. But it also has some wind distribution projects in addition to its solar projects. In that sense investors are not just buying solar energy, they are buying into a “both/and” energy story that is playing out in profitable ways in 2021.
NEE stock is trading near the top of its 52-week range and analysts are forecasting that there could be some near-term downside to the stock. However, NextEra offers something that most companies in this sector do not, an attractive dividend. In fact, the company joined the exclusive Dividend Aristocrats club this year when it increased its dividend payout for the 25th consecutive year.
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
- $77.40
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 7 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $86.54 (11.8% Upside)
