NextEra Energy (NEE) – A Good Option to Hop on the Nuclear Energy Bandwagon?

NextEra Energy Inc. (NYSE:NEE) is included among the 13 Best Nuclear Power Stocks to Buy According to Analysts.

NextEra Energy (NEE) - A Good Option to Hop on the Nuclear Energy Bandwagon?

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With a market cap of over $169 billion as of the writing of this piece, NextEra Energy Inc. (NYSE:NEE) is the most valuable utility company in the world. The company boasts a diverse mix of energy sources, including natural gas, nuclear, renewable energy, and battery storage.

NextEra Energy Inc. (NYSE:NEE) announced recently that the U.S. Nuclear Regulatory Commission has approved the license renewal for its Point Beach Nuclear Plant Units 1 and 2, extending operations for approximately three additional decades. The development follows a similar subsequent license renewal granted to the Turkey Point Nuclear Power Plant, owned by NextEra’s subsidiary Florida Power & Light Company.

NextEra Energy Inc. (NYSE:NEE) has grown its adjusted EPS at a CAGR of 9% over the last 20 years, more than twice the growth rate of its closest competitors. The company expects to invest $75 billion through 2028 on new renewable energy, battery storage, and electricity transmission projects, allowing it to grow its EPS by 6% to 8% annually through 2027.

NextEra Energy Inc. (NYSE:NEE) has increased its dividends for 29 consecutive years, putting it among the 12 Best Dividend Aristocrat Stocks to Invest in Right Now.

While we acknowledge the potential of NEE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NEE and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.