5 Best Alternative Energy Stocks to Buy Now

4. NextEra Energy, Inc (NYSE: NEE)

Number of Hedge Fund Holders: 63
Forward P/E Ratio: 29.23

NextEra Energy, Inc (NYSE: NEE) is an electric power generating company. It ranks 4th on our list of the best alternative energy stocks to buy now. The company uses wind, solar, nuclear, and other energy-generating sources to produce electricity.

This May, the company announced a $0.385 per share quarterly dividend, with a forward yield of 2.07%. In their first quarter of 2021 report, NextEra Energy, Inc (NYSE: NEE) revealed a $3.73 billion revenue and $1.67 in earnings. Alongside this, they also beat EPS estimates for the first quarter by $0.08, with their EPS being $0.67 in the first quarter, a growth from the $0.40 EPS of the last quarter.

By the end of Q1, 63 hedge funds held stakes in NextEra Energy, Inc (NYSE: NEE) worth over $2.72 billion. The number of hedge fund holders for the first quarter has increased compared to the previous quarter when it was 61.