Is NextEra Energy Stock a Buy?
The utility industry is shifting in a new, cleaner direction, and NextEra Energy (NYSE: NEE) appears poised to be a leader. That's great news for investors looking to play this key industry transition, but there are some important issues to consider before you buy in. Here's a primer on NextEra Energy to help you decide if it's a buy or not.
The most exciting thing about NextEra Energy today is the U.S. utility's renewable power business. Its somewhat boringly named NextEra Energy Resources division happens to be one of the largest solar and wind power companies on planet Earth. It has 24 gigawatts of renewable capacity today, with its 16 gigawatts of wind (67% of its portfolio), 3 gigawatts of solar (13%), and 3 gigawatts of nuclear (11%) acting as the backbone of a broader clean energy portfolio.
Image source: Getty Images.
Source Fool.com
