5 Best Environmental Stocks to Invest In

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

Number of Hedge Fund Holders: 64

NextEra Energy, Inc. (NYSE:NEE) generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, coal, and natural gas facilities. On June 14, NextEra Energy, Inc. (NYSE:NEE) announced its goal to go completely green and eliminate carbon emissions from its operations by 2045. Instead of reducing its carbon footprint, the company aims to achieve absolute zero carbon emissions.

On June 13, BMO Capital analyst James Thalacker trimmed his price target on NextEra Energy, Inc. (NYSE:NEE) to $93 from $105 but reiterated a buy-side Outperform rating on the shares.

At the end of Q1 2022, 64 hedge funds held stakes in NextEra Energy, Inc. (NYSE:NEE) worth $2.84 billion. This is compared to 55 positions in Q4 2021 with stakes of $2.61 billion. The hedge fund sentiment for the stock is positive.

As of the first quarter of 2022, Fisher Asset Management is the largest shareholder in NextEra Energy, Inc. (NYSE:NEE) and owns over 15.6 million shares of the company. As of March 31, Ken Fisher’s hedge fund’s stake is valued at $1.32 billion in NextEra Energy, Inc. (NYSE:NEE).

You can also take a look at 10 Top Hedge Funds Focusing on ESG and Impact Investing and 10 Cheap ESG Stocks To Invest In.

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