2024-06-13 18:33:16 ET
Summary
- NextEra Energy is a defensive growth play on renewable energy with strong competitive positions in the FPL and Energy Resources divisions.
- There is accelerating structural growth in the clean energy industry, with forecasts projecting increased power demand and renewables share.
- NextEra Energy has a history of outperformance, undemanding valuation, and potential for positive surprises in adjusted EPS growth.
NextEra Energy, Inc. ( NEE ) is an attractive defensive growth play on the renewable energy theme. Improving structural growth in clean energy coupled with a strong competitive position for both the FPL and NextEra Energy Resources divisions should allow NEE to ride secular trends in the industry and maintain healthy cash flow and EPS CAGR for the next decade....
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For further details see:
NextEra Energy: Powering Up For The Next Decade Of Growth