12 Most Promising Green Stocks According to Hedge Funds

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

Number of Hedge Fund Holders: 69

NextEra Energy, Inc. (NYSE:NEE) is a prominent leader in the renewable energy and utility sectors. Based in Juno Beach, Florida, the company operates through its subsidiaries, Florida Power & Light Company (FPL) and NextEra Energy Resources, to provide low-cost, reliable, and green electricity to millions of customers across the United States.

NextEra Energy Inc. (NYSE:NEE) is leveraging its renewable energy expertise to collaborate with other utility companies and expand its reach to meet the increasing demand for clean power. Recently, the company partnered with Salt River Project (SRP), a leading Arizona utility, to complete the Babbitt Ranch Energy Center. This 161-megawatt (MW) wind project, located in Coconino County, Arizona, will supply clean energy exclusively to Google’s future data center in Mesa, Arizona, supporting the tech giant’s 24/7 carbon-free energy goals.

NextEra Energy Inc. (NYSE:NEE) is also growing its renewable energy portfolio through a partnership with Phillips 66 to power its Rodeo refinery in California using a new solar facility. The 30.2-megawatt solar plant is being constructed on 88 acres of land adjacent to Phillips 66’s renewable fuels facility in the San Francisco Bay Area. Looking ahead, NextEra Energy Inc. (NYSE:NEE) has announced additional framework agreements with two Fortune 50 companies to develop renewable energy and storage projects with a combined capacity of up to 10.5 gigawatts by 2030.

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