Top 5 Energy Sector Stocks for 2021

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

Florida-based NextEra is one of the top 10 energy sector stocks for 2021. The company has over 46 gigawatts of generating capacity, and provides electricity to over 10 million people in the U.S. NextEra stock is up over 14% in the last 12 months. It is one of the biggest solar and wind energy producers in the country. The company recently announced that it plans to add about 30 gigawatts of renewable projects to its portfolio by 2024, above the analysts’ consensus of 20 gigawatts.

Hedge funds are also increasing their hold in the company. At the end of the fourth quarter of 2020, 32 hedge funds tracked by Insider Monkey were bullish on NextEra, compared to 22 funds a quarter earlier.