5 Best Renewable Energy Stocks to Buy Right Now

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

Number of Hedge Fund Holders: 55

NextEra Energy, Inc. (NYSE:NEE) is the largest renewable energy company by market capitalization. The company boasts a power generation capacity of more than 58 gigawatts and generates power through its wind, solar, nuclear, coal, and natural gas facilities. As of April 3, 2022, NextEra Energy, Inc. (NYSE:NEE) has a market capitalization of $168.23 billion and has gained 8.00% over the past six months. This March, KeyBanc analyst Sophie Karp gave NextEra Energy, Inc. (NYSE:NEE) an $87 price target, and upped her rating on the shares to Overweight from Sector Weight.

On January 25, 2022, NextEra Energy, Inc. (NYSE:NEE) released its earnings report for the fiscal fourth quarter of 2021, in which the company beat EPS by $0.01. The company reported earnings per share of $0.41 and generated quarterly revenues of $5.05 billion, up 14.81% year over year.

Insider Monkey’s database tracks 924 elite hedge funds as of the fourth quarter of 2021, of which 55 hedge funds held long positions in NextEra Energy, Inc. (NYSE:NEE) at the close of Q4 2021. The total value of these funds’ stakes amounted to roughly $2.61 billion, up from $2.37 billion in the third quarter of 2021 when 53 hedge funds held stakes in the company. The hedge fund sentiment for NextEra Energy, Inc. (NYSE:NEE) is positive.

As of March 29, 2022, Ken Fisher’s Fisher Asset Management is the dominating stakeholder in NextEra Energy, Inc. (NYSE:NEE). The fund’s stakes in the company were valued at over $1.4 billion, a 4% increase from the fund’s previous stakes of $1.14 billion in the company. NextEra Energy, Inc. (NYSE:NEE) represents 0.78% of Fisher Asset Management’s 13F portfolio.

You can also take a look at 15 Biggest Renewable Energy Companies and Stocks and 10 Best Renewable Energy Stocks to Buy Now.

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