Don't Wait for a Market Crash to Buy This Growth Stock
NextEra Energy (NYSE: NEE) is not a cheap stock, and it really never is, which is why investors with a growth bias shouldn't wait for a market crash to jump aboard. In fact, it's not just growth investors who will love NextEra, but dividend growth types too. Here's what you need to know.
The foundation of NextEra's business is a boring old electric utility. Known as Florida Power & Light, this business, plus some smaller operations in the Sunshine State, serves 11 million customers. It is the largest regulated electric utility in the United States. That means that it has been granted a monopoly in the markets it serves, but, in exchange, it must get its rates approved by the government.
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Source Fool.com
