At Nearly $185 billion, This Company's Massive Size Is Becoming an Important Competitive Advantage

NextEra Energy (NYSE: NEE) operates the largest electric utility in the country. It's also a world leader in generating energy from wind and sunlight. The utility has a massive $168 billion asset base and an enterprise value approaching $185 billion. 

That enormous scale is becoming a crucial competitive advantage in the current environment. The utility's management team highlighted the growing importance of its scale on its recent third-quarter earnings conference call.

NextEra Energy has spent the past 20 years building a leading clean energy platform. The company has over 31 gigawatts of operating wind, solar, and energy-storage assets. This "experience and scale matter," stated CEO John Ketchum on the Q3 call. He noted that "we buy at scale, we build at scale, we operate at scale." 

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Source Fool.com