13 Best Utility Stocks to Buy According to Analysts

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

Average estimated analysts’ upside: 23.28%

Number of Hedge Fund Holders: 84

​​NextEra Energy, Inc. (NYSE:NEE) is a leading clean energy company that provides regulated electricity to approximately 5.9 million customer accounts across Florida. The company is also the world’s largest generator of renewable energy from wind and solar sources. Besides that, it offers battery storage solutions and operates seven commercial nuclear power units in Florida, New Hampshire, and Wisconsin. NEE ranked fourth on our recent list of 12 Best Renewable Energy Stocks to Buy in 2025.

NextEra Energy, Inc. (NYSE:NEE) delivered strong operational and financial performance in 2024, achieving full-year adjusted EPS of $3.43, up over 8% from 2023 and at the high end of expectations. The company has maintained industry-leading performance, delivering compound annual growth in adjusted EPS of over 10% since 2021, the highest among all top 10 power companies, making it one of the best utility stocks on our list. In 2024, NEE and its subsidiaries placed approximately 8.7 gigawatts of new renewables and storage projects into service, demonstrating strong execution capabilities.

NextEra Energy, Inc. (NYSE:NEE) plans to invest roughly $120 billion across the country over the next 4 years, aiming to grow its combined fleet to approximately 121 gigawatts. Energy Resources segment achieved record renewables and storage origination in 2024, adding more than 12 gigawatts to their backlog, including approximately 3.3 gigawatts since their last earnings call. The company announced a strategic framework agreement with GE Vernova to build natural gas power generation solutions, strengthening its comprehensive power generation portfolio to meet growing customer demands.

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