10 Most Profitable Renewable Energy Stocks Now

3. NextEra Energy, Inc. (NYSE:NEE)  

Upside Potential: 14.38%  

5-Year Net Income CAGR: 16.67%  

TTM Net Income: $6.95 Billion  

NextEra Energy, Inc. (NYSE:NEE) operates the NextEra Energy Resources (NEER), a major global producer of renewable energy and a pioneer in battery storage solutions. NEER focuses on the development, construction, and operation of long-term energy assets, primarily across the U.S. and Canada. The company’s portfolio includes approximately 34 GW of renewable energy. Additionally, NEER has 1 GW of battery storage capacity distributed across 16 U.S. states.

In Q3, NextEra Energy, Inc. (NYSE:NEE) showcased robust growth and resilience across its operations, reporting an approximately 10% year-over-year increase in adjusted earnings to $2.12 billion. The Energy Resources division achieved an 11% year-over-year increase in adjusted earnings. The company is also exploring the potential restart of Iowa’s Duane Arnold nuclear plant to meet rising demand from data centers.

During the Q3 earnings call, John Ketchum, Chairman, President, and CEO of NextEra Energy, Inc. (NYSE:NEE), highlighted that the Duane Arnold plant, a 601 MW boiling water reactor (BWR), is generally less complex and expensive to recommission compared to pressurized water reactors (PWRs). The company plans to execute the project cost-effectively and with minimal risk. Engineering assessments are underway, and the company is collaborating with the U.S. Nuclear Regulatory Commission (NRC) to evaluate the restart, driven by strong interest from data center customers.