#4 - NextEra Energy (NYSE:NEE)
So far, I’ve looked at companies that could still be considered some of the old economy stocks. But the transition away from traditional energy sources has been going on for years. And that’s why savvy investors are looking at NextEra Energy (NYSE:NEE).
NextEra gives investors exposure to traditional energy sources as well as the renewable energy sector that is expected to reach a valuation of over $2 billion by 2025. And this combination of old and new is what makes NEE a bellwether stock.
NextEra Energy is one of the largest electric power companies in North America. And the consistent revenue it earns from that business is a key to its recent inclusion in the Dividend Aristocrats club after posting 25 consecutive years of dividend growth.
The company has a renewable energy division NextEra Energy Resources. This division stands to benefit from the Biden administration’s recently revealed $2 trillion infrastructure plan that will ramp up talk about a “Green New Deal.”
NEE stock is up 39% in the last 12 months. However, the growth has stalled out in 2021, posting only a 2% gain year-to-date. This gives investors reason to expect plenty of upside as the economy reopens.
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
- $76.09
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 3 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $72.64 (4.5% Downside)
