5 Best Renewable Energy Stocks to Buy Now

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

NextEra Energy, Inc. (NYSE: NEE) is a Florida-based electric utility company. Although the firm generates electric power through fossil fuels, it focuses on the capabilities installed for wind, solar, and nuclear power generation. It has a total of 28,400 megawatts of net generating capacity and serves almost 11 million people through an estimated 5.6 million customer accounts in the US. It was founded in 1925 and is placed fourth on our list of 10 best renewable energy stocks to buy now. 

On April 19, the firm announced that it was purchasing four wind power assets from competitor Brookfield in a deal worth $733 million. The firm said that the assets were located in strong clean energy markets, California and New Hampshire, and would contribute to the growth of the company in 2021. At the end of the fourth quarter of 2020, 61 hedge funds in the database of Insider Monkey held stakes worth $3 billion in the firm, down from 64 in the preceding quarter worth $2.7 billion.