#3 - NextEra Energy (NYSE:NEE)
We could probably put seven energy stocks on this list, but we’ll limit it to three. The last of which may be the most appealing to some investors. NextEra Energy (NYSE:NEE) is one of the nation’s largest electric utilities. Utility stocks are typically considered conservative, low beta investments. They offer predictable income because electricity use is generally stable no matter what is happening in the broader market.
That being said, the price movement for NEE stock has been comparable to a tech stock. The stock has been at a 52-week range between $67.22 and $93.73. One reason for that is that the company has a significant renewable energy portfolio. The company generates more capacity from wind and solar projects than any electric utility in the country.
This dual focus is one reason the company is posting record earnings and profits this year. And it also means that NextEra Energy should be less impacted by the cyclical nature of the energy markets.
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)
