- 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.
For further details see:
New Jersey Resources: An Underappreciated Play On Renewables Growth