5 Cheap Renewable Energy Stocks to Buy Now

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

Number of Hedge Fund Holders: 61

One-Year Average Price Estimate: $94.85

Morgan Stanley recently shared its best long-term stocks to buy list. NextEra Energy, Inc. (NYSE:NEE) was in the list, as the firm sees prospects for NextEra to “be among the leaders in building out these new markets and capturing attractive low-risk returns.” The firm has a $97 price target on NextEra Energy, Inc. (NYSE:NEE).

As of the end of the last quarter of 2022, 61 hedge funds tracked by Insider Monkey had stakes in NextEra Energy, Inc. (NYSE:NEE). The total value of these hedge funds was $2.1 billion. The biggest hedge fund stakeholder of NextEra Energy, Inc. (NYSE:NEE) was Phill Gross and Robert Atchinson’s Adage Capital Management $169 million.