Is NextEra Energy Stock a Buy?
Utilities aren't the highest growth or most exciting business for investors to follow day-to-day, but that doesn't mean they can't be profitable long-term. The combination of regulated returns and the opportunity to invest in power generating assets around the world can be a profitable combination.
NextEra Energy (NYSE: NEE) has a lot going for it because its user base in Florida (regulated utility) is growing faster than the rest of the U.S., and it's one of the largest renewable energy owners in the world through NextEra Energy Partners (NYSE: NEP). Both businesses have nice tailwinds that should make this a great utility long-term. Here's a look at where the stock may be headed and whether or not the price is right for NextEra Energy stock.
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Source Fool.com
