13 Best Energy Stocks to Buy Right Now

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

No. of Hedge Fund Holders: 84

NextEra Energy, Inc. (NYSE:NEE) is the world’s largest generator of renewable energy from the wind and sun and a global leader in battery storage. It is also the owner of the Florida Power & Light Company – America’s largest electric utility, which benefits greatly from Florida’s famous sunshine and growing population.

NextEra Energy, Inc. (NYSE:NEE)’s Q1 adjusted EPS rose nearly 9% YoY to $0.99 on rising electricity demand, and beat expectations by $0.01. However, the company’s revenue of $6.25 billion fell below estimates by $384.23 million, despite being up by 9% YoY. On the back of strong electricity demand, NextEra’s FPL placed into service 894 MW of new solar, while NextEra Energy Resources added about 3.2 GW of new renewables and storage to its backlog. The unit’s total backlog now totals roughly 28 GW.

NextEra Energy, Inc. (NYSE:NEE) has positioned itself well during the ongoing global trade war by shifting its tariff exposure to suppliers and contracting with domestic battery manufacturers. The company has brought its trade risk to $150 million on $75 billion capital expenditures, or less than 0.2%, with a ‘good shot’ of even bringing it down to zero.

With 17 billionaire investors in the IM database at the end of Q4 2024, NextEra Energy, Inc. (NYSE:NEE) is included among the 10 Best Clean Energy Stocks to Buy According to Billionaires.