Companies That Will Benefit From Climate Change: 5 Stocks to Watch

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

Number of Hedge Fund Holders: 53   

NextEra Energy, Inc. (NYSE:NEE) is an electrical utility company based in Florida. The company has been stepping up investments in clean energy sources in recent weeks, announcing on November 18 that it had exercised options to purchase a portfolio of wind and solar assets for $885 million. 

NextEra Energy, Inc. (NYSE:NEE) posted earnings for the third fiscal quarter in late October, reporting earnings per share of $0.75, beating estimates by $0.04. The revenue over the period was $4.3 billion, down 8% year-on-year. 

Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management  is a leading shareholder in NextEra Energy, Inc. (NYSE:NEE) with 14.5 million shares worth more than $1.1 billion.