NJR - New Jersey Resources: An Underappreciated Play On Renewables Growth

• New Jersey Resources is one of the largest natural gas utilities in New Jersey.
• The company has some growth potential as customers convert from other fossil fuels to natural gas in order to reduce their carbon emissions.
• The company is one of the largest solar energy producers in the country and plans to expand well beyond New Jersey with this operation.
• There's a lot of growth potential in solar as the U.S. is projected to rapidly grow its installed base over the coming years.
• The company does have negative free cash flow but the dividend still appears reasonably safe for the time being.

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