5 Best Energy Stocks to Invest In Today

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

Number of Hedge Fund Holders: 59

NextEra Energy, Inc. (NYSE: NEE) ranks second on our list of the best energy stocks to invest in today. It is an American clean energy company, which is the largest producer of wind and solar energy in the world. The company has invested between $50 to $55 billion in new energy infrastructure planned through 2022. NextEra Energy, Inc. (NYSE: NEE) is a Fortune 200 company and included in the S&P 100 index.

In July, Credit Suisse assumed coverage of NextEra Energy, Inc. (NYSE: NEE) with an Outperform rating and an $85 price target. The company’s Florida Power and Light reached a four-year settlement agreement that would support the development of 16 million solar panels in over 50 sites. In Q2 2021, NextEra Energy, Inc. (NYSE: NEE) posted an EPS of $0.71, beating the consensus by $0.02. For FY21, the company expects adjusted earnings per share in the range of $2.40-$2.54 versus the estimates of $2.52. In the past six months, NextEra Energy, Inc. (NYSE: NEE) delivered a 20.2% return, while its 12-month returns are up by 22.6%.

As of Q2 2021, 59 hedge funds tracked by Insider Monkey have positions in NextEra Energy, Inc. (NYSE: NEE), worth over $2.6 billion.