There are few clean energy companies as compelling as NexEra Energy (NYSE: NEE) right now.
It is the world’s largest producer of wind and solar energy, but NextEra is rare in that it is also a traditional utility company
That combination of renewable growth potential buoyed by the stability of traditional energy makes NextEra one of the best-positioned stocks as oil prices continue to surge. Unlike pure-play renewables, NextEra owns Florida Power & Light, one of the largest regulated electric utility companies in the U.S. This steady revenue stream provides a solid foundation during volatile times.
It also gives NextEra’s renewables arm the ability to aggressively build out its strategy. As oil prices remain elevated and electricity needs surge, NextEra is well positioned to capture this demand. Consumers are looking for cost-effective alternatives.