Is NextEra Energy a Buy?
With a roughly $100 billion market cap, NextEra Energy (NYSE: NEE) is one of the largest utilities in the United States. It's managed to grow so large by getting a lot of things right. But is this industry-leading electric utility worth buying today? Answering that question requires a look at both the company's execution and its valuation.
NextEra Energy owns the largest regulated electric utility in the United States, Florida Power & Light. This business serves over five million customers in the Sunshine State. It recently added Gulf Power to the mix as well, serving another 460,000 customers in northwestern Florida. The company's customers pay 30% less for energy than the national average in a state that's expected to grow its population by as much as 20% by 2030.
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Source Fool.com
