NextEra Energy (NEE) – Among the 10 Best Renewable Energy Stocks to Buy According to Billionaires

NextEra Energy, Inc. (NYSE:NEE) is included among the 10 Best Renewable Energy Stocks to Buy According to Billionaires.

With a market cap of over $176 billion as of the writing of this article, 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.

On May 26, Barclays slightly bumped up its price target on NextEra Energy, Inc. (NYSE:NEE) from $89 to $90, while maintaining an ‘Equal Weight’ rating on the shares. The raised target reflects an upside of over 6% from the current price level.

On the other hand, earlier on May 21, Morgan Stanley lowered its price target on NextEra Energy, Inc. (NYSE:NEE) from $115 to $111, but kept its ‘Overweight’ rating on the shares.

The mixed sentiment comes after Nextera announced plans to acquire Dominion Energy earlier on May 18. The $66.8 billion deal will create the largest regulated electric utility in the world, and comes at a time when the US power consumption is expected to soar to record levels amid the AI boom.

The transaction is expected ​to close in 12 to 18 months, with the combined entity emerging as the global leader in clean energy and battery storage.

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