10 Most Profitable Energy Stocks To Invest In

2. NextEra Energy (NYSE:NEE)  

TTM Net Income: $6.32 Billion  

5-Year Net Income CAGR: 13.60%  

Number of Hedge Fund Holders: 73  

NextEra Energy (NYSE:NEE) is a global leader in the production of wind and solar energy and battery storage technology and plays a crucial role in the shift to a low-carbon economy. Through its subsidiaries, the company serves millions of customers and has made significant investments in clean energy. NextEra Energy (NYSE:NEE) operates through two divisions: Florida Power & Light (FPL), an electric utility, and NextEra Energy Resources (NEER), a clean energy producer and battery storage company.

NextEra Energy Resources (NEER) has established itself as significant in the development, construction, and management of long-term clean energy assets, primarily in the United States and Canada. With over two decades of experience in the clean energy sector, NEER has developed a significant competitive edge. Between 2019 and 2022, the company generated 56% of the total wind energy and 38% of the overall clean energy produced in the United States NEER’s clean energy portfolio comprises approximately 34 gigawatts (GW) of capacity, which includes 24 GW from wind, 7 GW from solar, and 2 GW from nuclear power. About 93% of NEER’s revenue is generated by long-term Power Purchase Agreements with technology firms and data centers, and NextEra Energy’s (NYSE:NEE) net income has grown at a CAGR of 13.60% over the past 5 years.

NextEra Energy’s (NYSE:NEE) business is poised for significant expansion, driven by its dominant position in the clean energy market.