5 Biggest Electrical Companies in the USA

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

Number of Hedge Fund Holders: 73

NextEra Energy, Inc. (NYSE:NEE) is an American electric power generation company. It operates in 38 US states and 4 provinces in Canada. Guggenheim analyst Shahriar Pourreza considered the company stock a Buy and on October 24.

One of NextEra Energy, Inc. (NYSE:NEE)’s major growth prospects is its heavy use of clean energy. 95% of the company’s electrical production is through clean energy sources such as wind, solar, natural gas, and nuclear.

Here is what ClearBridge Investments said about NextEra Energy, Inc. (NYSE:NEE) in its Q2 2022 letter.

“We increased our exposure to the energy transition during the quarter with new positions in Iberdrola (OTCPK:IBDSF), a Spanish-based integrated utility that is also one of the leading renewable energy developers in the world, and NextEra Energy, Inc. (NYSE:NEE), an integrated utility business with a regulated utility operating in Florida and the largest wind business in the U.S. The war has opened the eyes of the world that energy independence is critical. Renewables are for many countries the only way to get to the target. It is expected that existing renewable project pipelines will be executed faster, and more projects added to existing pipelines.

The energy transition would be extremely helpful for climate change and Iberdrola ranks well on our ESG matrix. NextEra, meanwhile, recently raised future earnings forecasts, citing a very favorable macro environment for rapid renewable generation expansion driven by decarbonization of the U.S. economy and the relative attractiveness of renewable generation in the context of high natural gas and power prices.”

You can also take a look at the 11 Best Wind Power and Solar Stocks To Buy and 15 Biggest Microchip Companies in the World.

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