7 Clean Energy Stocks With A Bright Future - 2 of 7

Another big name in renewable energy is NextEra Energy (NYSE:NEE). NextEra is not a pure-play in renewable energy. It is one of the nation’s largest electric utilities. However, it’s also a global leader in both wind and solar. The company has a healthy stream of predictable and stable revenue from rates and fee-based contracts.

In the company’s most recent earnings report, NextEra announced a record number of energy generation projects. And the company’s 15,000-megawatt backlog is now bigger than its existing renewables portfolio. 

NextEra is also an exceptional choice for investors who want a strong balance sheet. NextEra posted sequential earnings per share (EPS) gain of over 11% in its October earnings report. This continues a pattern that has seen 2020 EPS grow by over 10% on a year-over-year basis.

After being flat for the first half of the year, NEE stock is up 23%. The company pays out one of the more reliable dividends in the industry. In fact, the company just increased its dividend in October and has a dividend yield of 1.9%.