NextEra Energy
NextEra is a leading clean energy company headquartered in Florida. The company owns Florida Power & Light Company, which is the largest rate-regulated electric utility in the U.S. It also owns a competitive energy subsidiary, NextEra Energy Resources, which is the world’s largest producer of solar and wind energy today. NEE stock has been trading sideways since the start of the year. However, this could be a buying opportunity for investors who believe in the long-term potential of clean energy.
Source: TD Ameritrade TOS
NextEra Energy Resources is one of the company’s divisions that provides long-term, contract-based renewable power to others. The company claims it is the largest generator of solar and wind power in the world. This Florida utility is very much leading the charge in renewables and should be a major growth engine for years to come.
The Sky Is Falling: The End of Growth Stocks?
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The Sky Is Falling: The End of Growth Stocks?
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Author Bio
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead.
What happened
Brookfield Renewable Partners (NYSE:BEP) had a good year in 2020, and its stock price reflected that, rising about 75% for the year. But investors rotated out of alternative energy names in 2021, and Brookfield Renewable was no exception. Shares are down more than 20% in just the last three months. But the company reported strong earnings last week, and with market sentiment behind more renewable energy names today, shares jumped more than 5% as of 3:30 p.m EDT.