12 Best Blue Chip Stocks to Buy Under $100

10. NextEra Energy, Inc. (NYSE:NEE)

Number of Hedge Fund Holdings: 69

Stock Price as of January 24: $72.83

NextEra Energy, Inc. (NYSE:NEE) is a leading American energy company that has been at the forefront of the energy industry for decades. The company is a leader in operating one of the largest wind and solar energy assets in the United States. NextEra Energy, Inc. (NYSE:NEE) also provides utility services through its subsidiary, Florida Power & Light.

NextEra Energy, Inc. (NYSE:NEE) has recently announced a framework agreement with GE Vernova, a leading provider of gas power technology, to jointly develop new gas-fired generation projects. This partnership will enable the company to leverage GE Vernova’s expertise in gas turbine technology, while also utilizing its extensive experience in developing and operating large-scale energy projects.

In addition to its partnership with GE Vernova, NextEra Energy, Inc. (NYSE:NEE) is investing heavily in renewable energy, with a particular focus on wind and solar power. The company has set ambitious targets for the development of new renewable energy projects, with a goal of adding over 25 gigawatts of new capacity to its portfolio in the coming years. To achieve this goal, NextEra Energy, Inc. (NYSE:NEE) is exploring new technologies and innovations, such as energy storage and grid modernization, which will enable the efficient integration of renewable energy sources into the grid.

Furthermore, NextEra Energy, Inc. (NYSE:NEE) is exploring new opportunities for growth through the development of small modular reactors (SMRs) and the potential recommissioning of its Duane Arnold nuclear plant in Iowa. The company believes that SMR technology has the potential to play a significant role in the future of nuclear power.