3 Top Energy Stocks to Buy for the Long Haul
The production of clean energy like solar and wind is growing fast as the world looks to check global warming's progress. But this transition will take decades, and oil and gas demand is expected to increase on an absolute basis by 2024 -- even as their share of the total energy pie shrinks -- because energy demand is growing. The best way to invest in energy today may be to find a company with a solid core that's also building for the future, like NextEra Energy (NYSE: NEE), Enbridge (NYSE: ENB), or Royal Dutch Shell (NYSE: RDS.B).
The foundation of NextEra's business is its regulated utility portfolio. That's largely made up of Florida Power & Light, the largest electric utility in the United States. It also has some other utility assets in the Sunshine State as well.
The big story for this business is slow and steady growth. That comes from the ongoing migration of people, which means more customers. And it comes from rate increases that are justified to regulators by the capital spending needed to maintain high levels of utility performance. In 2022 NextEra will be working to complete a $30 billion multiyear capital investment plan in this business.
Source Fool.com
