5 Best Alternative Energy Stocks To Buy Now

3. NextEra Energy Inc. (NYSE:NEE)

Hedge Fund Holdings: 59

Based in Juno Beach, Florida, NextEra Energy Inc. (NYSE:NEE) is an American energy company. It is the largest electric utilities holding company in the world by overall market capitalization. As of 2022, more than 60% of NextEra’s (NYSE:NEE) generating capacity was from clean energy sources. In Q2 2022, the company beat EPS estimates of $0.82 by $0.06, generating earnings of $0.88 per share.

On October 9, Guggenheim analysts lowered the price target on NextEra Energy Inc. (NYSE:NEE) shares from $73 to $65, and maintained a Buy rating on the stock. According to the analyst, although the stock has shown some vulnerability in September 2023 in the face of skyrocketing interest rates, investors need to understand that the risks are purely transitory. Since the fluctuation, the valuation has normalized, making for a lucrative investment opportunity. The company has strong fundamentals and an impressive portfolio. Hedge fund sentiment around NextEra Energy Inc. (NYSE:NEE) has remained the same in Q1 and Q2 of 2023, with 51 funds long the stock.