12 High-Growth Utility Stocks to Buy Now

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

Number of Hedge Fund Holders: 66

Average 5-Year Revenue Growth: 7.64%

NextEra Energy, Inc. (NYSE:NEE) is one of the best high-growth utility stocks to buy. It is an energy company in North America that generates, transmits, and distributes electricity, with a portfolio comprising wind, solar, nuclear, natural gas, and other clean energy sources.

On October 22, BTIG initiated coverage of NextEra with a Buy recommendation and a price target of $98. The firm noted that NEE is a top utility provider offering a “premier generation development platform,” positioning it as one of the best-run companies within the sector, as well as one of the most prominent unregulated power generation entities in the country.

The firm also observed that NextEra should still gain an advantage from higher-than-average utility strength in a proper regulatory landscape under a potential settlement that factors in slight customer rate impacts.

BTIG stressed that NextEra Energy, Inc. (NYSE:NEE)’s development platform demonstrates one of the select few large-scale solutions to problems within the sector regarding supply sufficiency during high customer demand.

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