Climate Activist Hedge Fund Engine No. 1 Is Buying These 5 Energy Stocks

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

Number of Hedge Fund Holders: 59

NextEra Energy, Inc. (NYSE: NEE) is placed second on our list of 10 energy stocks climate activist hedge fund Engine No. 1 is buying. The firm generates and sells electricity and is headquartered in Florida. According to the securities filings, Engine No. 1 owned 194,867 shares in the company at the end of June 2021 worth $14.2 million, representing 3.93% of the portfolio.

On July 13, investment advisory Credit Suisse assumed coverage of NextEra Energy, Inc. (NYSE: NEE) stock with an Outperform rating and a price target of $85. Maheep Mandloi, an analyst at the firm, issued the ratings update. 

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management  is a leading shareholder in the firm with 14 million shares worth more than $1 billion.