NextEra Energy Continues to Tap New Sources of Growth

NextEra Energy (NYSE: NEE) is one of the fastest-growing utilities in the country. The company is investing heavily in expanding the country's clean energy infrastructure, including building more natural gas pipelines and power plants and developing renewable energy sources like wind, solar energy, and battery storage.

These investments are paying big dividends for investors. NextEra has grown its earnings and dividend at above-average rates, which is powering market-crushing total returns.

The company already has an extensive backlog of renewable energy projects to continue creating above-average growth for the next few years. However, that's not stopping it from seeking new growth drivers. That was one of the central themes on its third-quarter conference call, where it highlighted two areas where it sees attractive long-term growth potential.

Source Fool.com