5 Best Climate Change Stocks To Buy According To Hedge Funds

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

Number of Hedge Fund Holders: 59

NextEra Energy, Inc. (NYSE:NEE) operates in the electrical utility sector and has interests in power generation through wind, solar, nuclear, and other methods. The stock was assumed with an Outperform rating and a price target of $85 by Credit Suisse analyst Maheep Mandloi in July. It is ranked fourth on our list of 11 best climate change stocks to buy according to hedge funds. The firm has recently been making renewed efforts to get the operating license of a Florida nuclear power plant it runs extended for another 20 years. The firm had already obtained approval for the extension of a license of a similar plant in Florida earlier. 

NextEra Energy, Inc. (NYSE:NEE) is expected to benefit from a predicted rise in utility prices after the longest rout the industry has seen came to end last month. With the gains of September 29, the utility sector was up 2.7% year-to-date, ending a record 14-day slide. The firm beat market expectations on earnings per share in the second quarter. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management  is a leading shareholder in NextEra Energy, Inc. (NYSE:NEE) with 14 million shares worth more than $1 billion.