This renewable energy giant operates in an industry that is projected to grow at a 15% annual rate over the next decade without any government intervention
Our Pick For The Month of January 2021 is NextEra Energy (NYSE: NEE). The renewable energy giant operates in an industry that is projected to grow at a 15% annual rate over the next decade without any government intervention. With a Joe Biden administration set to take office this January, NextEra Energy is in prime position to give investors good returns. The company has already brought in more than 220% returns since its IPO in 2014, nearly double that of the S&P 500.
NextEra Energy should have no shortage of growth opportunities since it is the world’s largest wind and solar energy producer, and also has a project backlog that’s even bigger than its existing portfolio. In the run-up to Joe Biden’s inauguration, a lot of investors may be looking to get a headstart on this very promising opportunity.
Let us know what you think about NextEra Energy by tweeting at us.
We will see you next week.
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