5 Best Clean Energy Stocks to Buy Right Now

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

Number of Hedge Fund Holders: 72

With a market cap of over $194 billion as of the writing of this article, NextEra Energy, Inc. (NYSE:NEE) is the most valuable utility company in the world. The company boasts a diverse mix of energy sources, including natural gas, nuclear, renewable energy, and battery storage.

On May 13, JPMorgan raised its price target on NextEra Energy, Inc. (NYSE:NEE) from $100 to $105, while maintaining an ‘Overweight’ rating on the shares. The target boost reflects an upside of over 12% from the current share price.

Similarly, earlier on May 4, Evercore ISI also increased its price target on NextEra Energy, Inc. (NYSE:NEE) by $10, while keeping its Outperform rating (read more details here).

The revised estimates come after NextEra Energy, Inc. (NYSE:NEE) exceeded earnings estimates in its Q1 2026 report, with its profit growing by almost 162% YoY to $2.18 billion. Notably, Nextera’s renewables and storage unit added 4 GW of new renewable and storage projects to its backlog, with the company’s total backlog now standing at about 33 GW.

NextEra Energy, Inc. (NYSE:NEE) reiterated its adjusted EPS guidance of $3.92 to $4.02 per share for FY 2026, up from $3.71 per share last year. The company is then targeting to grow its adjusted EPS at a CAGR of over 8% through 2032, and then the same from 2032 through 2035, all off the 2025 base.