5 Best Clean Energy Stocks to Invest In

Page 5 of 5

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

Number of Hedge Fund Holders: 63

NextEra Energy, Inc. (NYSE: NEE) is a distributor of electric power to retail and wholesale customers in North America. The electricity sold by the company is generating from wind, solar, nuclear, and other energy sources. The company ranks 1st on our list of the best clean energy stocks to invest in.

NextEra Energy, Inc. (NYSE: NEE) is among the clean energy stocks set to benefit from the extension of investment and production tax credit meant to uplift commercial solar and wind coming about as a result of President Biden’s infrastructure plan. This May, NextEra Energy, Inc. (NYSE: NEE) announced its dividend of $0.385 per share with a forward yield of 2.07%. In the first quarter of 2021, NextEra Energy, Inc. (NYSE: NEE) had an EPS of $0.67, beating estimates by $0.06, while its revenue came in at $3.73 billion. The company has gained 21.89% in the past year.

By the end of the first quarter of 2021, 63 hedge funds out of the 866 tracked by Insider Monkey held stakes in NextEra Energy, Inc. (NYSE: NEE). The total value of their stakes was roughly $2.72 billion. This is compared to the previous quarter’s 61 hedge fund holders with a total stake value of approximately $3.07 billion.

You can also take a peek at 10 Best Renewable Energy Stocks to Buy Now and 10 Best Alternative Fuel Stocks to Buy Now.

Page 5 of 5