Is NextEra Energy Stock a Buy?
NextEra Energy (NYSE: NEE) is a large and well-run utility. It looks fairly cheap, historically speaking. It is the type of company that a lot of investors will want to have in their portfolios, but it is not going to be the perfect fit for everyone. Here's why NextEra Energy is a buy -- and why some might want to pass it by.
NextEra Energy was able to grow its adjusted earnings per share at a compound annual rate of 9.8% between 2012 and 2022. In 2023, adjusted earnings per share rose 9.3%. So it's generated more than a decade of nearly 10% growth in adjusted earnings. That's a very impressive figure, particularly for a utility. Utilities are generally considered slow and steady companies that provide investors with reliable income streams. But NextEra isn't your typical utility.
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Source Fool.com
