12 Best Energy Stocks to Invest In According to Billionaires

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

Number of Billionaire Holders: 17

NextEra Energy, Inc. (NYSE:NEE) is the world’s largest generator of renewable energy from the wind and sun and a global leader in battery storage. It also owns the Florida Power & Light Company, America’s largest electric utility which benefits greatly from the Sunshine State’s sunshine and growing population. Over the next four years alone, NEE plans to invest roughly $120 billion across the country, allowing it to grow its combined fleet to roughly 121 gigawatts.

NextEra Energy, Inc. (NYSE:NEE) reported an adjusted EPS of $0.53 in Q4 2024, which was in line with market expectations. However, its revenue of $5.39 billion was down 21.7% YoY and missed estimates by $2.53 billion. Over the past 20 years, the energy company’s earnings have grown at more than twice the rate of its closest competitors. And since 2021, NextEra delivered a CAGR in adjusted EPS of over 10%, which is the highest among all top 10 power companies.

NextEra Energy, Inc. (NYSE:NEE) boasts one of the sector’s strongest balance sheets and grew its 2024 operating cash flow by more than 17%, well in excess of adjusted earnings. The company’s dividend has grown at a huge 10% per year over the past decade and it expects to continue this growth over the next couple of years as well.