In this article, we will take a look at the 5 best wind energy and renewables stocks to buy in 2021. For a detailed analysis of these companies, go directly to the 10 Best Wind Energy and Renewables Stocks to Buy in 2021.
5. NextEra Energy, Inc. (NYSE: NEE)
Number of Hedge Fund Holders: 61
NextEra Energy, Inc. (NYSE: NEE) is a Florida-based power company that is placed fifth on our list of 10 best wind energy and renewables stocks to buy in 2021. It was founded in 1984. The company has a market cap of more than $146 billion and posted $18 billion in annual revenue last year. NextEra stock has returned more than 30% to investors over the course of the past twelve months. The firm serves more than 11 million people primarily in and around Florida. It focuses on renewable power generation facilities and battery storage systems.
NextEra Energy, Inc. (NYSE: NEE) reported quarterly earnings for the first quarter of 2021 on April 21. It posted a revenue of $3.7 billion, a 19% decrease compared to the revenue over the same period last year. Adjusted earnings stood at $1.3 billion, up from $1.1 billion a year ago.
Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in the firm with 13 million shares worth more than $1 billion.