Buy NextEra Stock To Benefit From Strengthening Electricity Demand

Sep. 15, 2024 4:29 AM ETNextEra Energy, Inc. (NEE) Stock
Larry Ramer profile picture
Larry Ramer
402 Followers
(9min)

Summary

  • NextEra Energy is poised to benefit from increased electricity demand due to AI, battery-powered vehicles, and Florida's population growth.
  • Large investors are bullish on electric utilities, driven by data centers' growing demand for clean energy.
  • Regulatory risks are not very high, with potential boosts from permitting reform and possible new waivers on solar panel imports.
  • NextEra's strong growth outlook and attractive valuation make it a buy.

Justin Paget

The owner of North America's largest producer of wind and solar energy and America's largest electric utility, NextEra Energy (NYSE:NEE) is well-positioned to benefit from multiple, strong trends going forward. Specifically, the firm should get a lift from

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About NEE Stock

SymbolLast Price% Chg
NEE
84.651.43%
Post84.38-0.32%
Created with Highcharts 11.2.0Sep 9Se…Sep 10Sep 11Sep 12Sep 13758085
Market Cap
$173.99B
PE (FWD)
24.84
Yield
2.38%
Rev Growth (YoY)
-4.07%
Short Interest
1.71%
Prev. Close
$83.46
Compare to Peers

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