Jim Cramer’s Thoughts on These 9 Stocks

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

Number of Hedge Fund Holders: 69

Cramer was bullish on NextEra Energy, Inc. (NYSE:NEE) during the episode as he commented:

“I like them. I think it’s good. I think it’s a growth utility. I wish it had a little bit better yield, but that’s because the stock has moved so much. I think you’ve got a good one.”

NextEra (NYSE:NEE) generates and sells electricity using a mix of clean energy sources, including wind, solar, and nuclear, while also developing and managing long-term contracted clean energy projects, battery storage, and electric transmission facilities. The stock currently has a yield of 2.98% and has gained more than 20% over the past 12 months.

Madison Investments stated the following regarding NextEra Energy, Inc. (NYSE:NEE) in its Q3 2024 investor letter:

“The top contributors in the quarter were NextEra Energy, Inc. (NYSE:NEE), Oracle Corporation, Progressive Corporation, Equifax Inc., and United Healthcare. NextEra has continued to perform well given its strong position in the renewable energy space, increasing demand for power, its transmission capabilities, as well as a tailwind from lower interest rates.”