Is NextEra Energy a Millionaire-Maker?
The broader energy industry has steadily shifted over the past few decades. Today, renewable energy contributes about 20% of electricity in the United States, recently surpassing coal for the first time.
NextEra Energy (NYSE: NEE) has benefited both as an electric utility and a renewable energy producer. The stock has returned a stellar 13,000% over its lifetime, turning a $1,000 investment into $133,000 with dividends reinvested.
The stock is currently down nearly 40% from its high. While nobody likes to feel like they're catching a falling knife, this dip could set up the next generation of investors who could make millions by buying and holding the stock.
Source Fool.com
