Here's Why These 3 Dividend Stocks Plunged in 2023 -- and Why You Can Buy Them Today
2023 was a banner year for many stocks. The tech-heavy Nasdaq Composite index soared more than 40% and even the broader S 500 index returned over 25%. But there were still some sectors that missed out on the party.
The stocks of renewable energy company NextEra Energy Partners (NYSE: NEP) and its parent company, utility NextEra Energy (NYSE: NEE), both got crushed, dropping 56.6% and 27.3%, respectively, according to data provided by S&P Global Market Intelligence. It was also telling that retail real estate investment trust (REIT) Realty Income (NYSE: O) lost 9.5% in 2023. The reasons behind those drops, and why those stocks could reverse course in 2024, are what investors should be focusing on now.
Source Fool.com
