5 Biggest Energy Companies in the US

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

Market Capitalization as of December 23, 2022: $167.25 billion

NextEra Energy, Inc. (NYSE:NEE) is a utility company with close to 30,000 megawatts of power generation capacity and millions of customers in Florida.

According to Goldman Sachs, NextEra Energy, Inc. (NYSE:NEE) will be one of the biggest beneficiaries of the Inflation Reduction Act, as it expects the firm to become a major player in the green Hydrogen market. The bank raised the company’s share price target to $99 from $94 in September 2022.

Insider Monkey took a look at 920 hedge fund holdings for this year’s third quarter and discovered that 73 had bought NextEra Energy, Inc. (NYSE:NEE)’s shares.

Ken Fisher’s Fisher Asset Management is NextEra Energy, Inc. (NYSE:NEE)’s largest investor. It owns 9.4 million shares that are worth $741 million.