10 Most Undervalued Renewable Energy Stocks To Buy Right Now

2. NextEra Energy, Inc. (NYSE:NEE)

PE Ratio as of April 30: 25.19

Number of Hedge Fund Holders: 84

NextEra Energy, Inc. (NYSE:NEE) is one of the largest clean energy companies based in Florida, generating electricity from wind, solar, nuclear, and natural gas. It also constructs and operates renewable energy projects, battery storage systems, and power lines. NEE ranks 2nd on our list of the most undervalued stocks.

On April 24, Mizuho Securities reiterated a Neutral rating on NextEra Energy, Inc. (NYSE:NEE) and slashed the price target from $73 to $69. Mizuho predicts that the company will potentially achieve the top end of its 6-8% earnings growth target, because of smart supply chain management and handling of tariff and tax credit issues. However, the investment firm pointed to risks like the potential repeal of IRA credits and the ongoing FPL rate case.

NextEra Energy, Inc. (NYSE:NEE)’s net income dropped in Q1 2025, coming in at $833 million, down from $2.268 billion in Q1 2024. However, the adjusted earnings rose nearly 9% year-over-year to $2.038 billion. FPL, a subsidiary of NextEra, saw its net income grow to $1.316 billion, driven by ongoing investments, particularly in solar energy, with its solar portfolio now exceeding 7.9 GW. The company is confident about its future prospects, with plans to expand solar and battery storage significantly over the next decade. NEE also expects to grow dividends by around 10% annually through at least 2026.

According to Insider Monkey’s fourth quarter database, 84 hedge funds were bullish on NextEra Energy, Inc. (NYSE:NEE), compared to 69 funds in the prior quarter. Rajiv Jain’s GQG Partners was the largest stakeholder of the company, with 10.8 million shares worth $780.25 million.