This Clean Energy Stock Plans to Double Its Business, Becoming the King of Energy
Utilities are generally considered boring investments appropriate for conservative investors looking for reliable income streams. That's not the case with NextEra Energy (NYSE: NEE), but in a good way. This is a rare example of a utility that's focused on growth, which should interest dividend growth investors looking to add some diversity to their portfolios. But the big story here is clean energy.
The key to NextEra's success has been its ability to pair the old and the new. Specifically, it owns the largest electric utility in the United States in the form of Florida Power & Light. This is a typical regulated utility that has to get approval from the government for rate increases and capital spending plans before it makes a move. The state of Florida has long benefited from in-migration, making NextEra's position there pretty beneficial. However, regulated electric utilities are still a slow-growth game.
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Source Fool.com
