5 Best Solar Energy Stocks to Buy Today

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

Number of Hedge Fund Holders: 59

NextEra Energy, Inc. (NYSE:NEE) is a renewable energy provider based in Florida that ranks second on the list of 10 best solar energy stocks to buy today. The company distributes electricity in North America from solar, wind, and nuclear energy. The company also operates coal and natural gas facilities.

On July 13, Credit Suisse analysts initiated coverage of NextEra Energy, Inc. (NYSE:NEE) with an Outperform rating with a price target of $85 per share. 

In the second quarter of 2021, NextEra Energy, Inc. (NYSE:NEE) reported an EPS of $0.71, beating estimates by $0.02. The company’s revenue in the second quarter was $3.93 billion. Shares of NextEra Energy, Inc. (NYSE:NEE) increased 18.6% in the past twelve months.

At the end of the second quarter of 2021, 59 hedge funds in the database of Insider Monkey held stakes worth $2.67 billion in NextEra Energy, Inc. (NYSE:NEE), down from 63 hedge funds in the previous quarter worth $2.72 billion.