This Unstoppable Growth Stock Adds Another Big Fuel Source
NextEra Energy (NYSE: NEE) is a rarity in the utility sector. It has been unstoppable, growing earnings and dividend payments at above-average rates for over a decade. That's given it the power to outperform the utility index and S&P 500 by wide margins.
A big growth driver has been its investments in renewable energy. While renewables will remain a powerful growth driver in the coming years, the company continues seeking additional fuel sources to keep growing at an above-average rate. It recently added another potentially big one that will turn trash into cash flow while reducing emissions.
Earlier this year, NextEra Energy unveiled its ambitious real zero goal to eliminate carbon emissions from its operations by 2045. One aspect of that strategy is to replace natural gas as a fuel source at its power plants with even lower carbon energies like green hydrogen and renewable natural gas (RNG).
Source Fool.com
