NextEra Energy: A Renewable Energy Giant That Relies on Fossil Energy for Profits
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- Apr 26, 2021 10:32 am GMTApr 23, 2021 9:23 pm GMT
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There is a lot of money chasing renewable energy nowadays. And much of it is going to NextEra Energy. The Florida-based company lacks the name recognition of ExxonMobil but has still surpassed the oil giant in market capitalization.
For ESG investors, NextEra has become a must-have because it exemplifies the future of renewable energy. It owns the largest number of wind and solar assets in the world today and is profitable. Strong regulatory tailwinds and aggressive climate change goals can only brighten its future prospects. What’s not to like about this company?