Apr 30, 2024
 in 
Hot Stocks 🔥

Recommended A ‘Buy’: Clean Energy Provider NextEra | Nemo

Name of opportunity: 👀

NextEra Energy, Inc

Dividends increase: 🎁

In February, NextEra’s board of directors announced that their quarterly dividend payouts would be approximately 10% higher than the quarterly dividend this time last year. The dividends this time will be US$0.515 per share. Investors who are interested in investing in income stocks might be interested in adding this one to their portfolios - NextEra’s dividends payouts have grown annually for over 25 years. 

How hot is this investment opportunity? 🔥🔥🔥

Analysts say that the stock might go up by 13% over the next 12 months. This means the stock’s value could increase from $63.36 to $71.66 - if you invested $1000, you might profit $130.04.

The company is considered by analysts to be in ‘Excellent’ financial health, and the dividend payout is ‘Above Average’. In the past 6 months, NextEra Energy, Inc has grown in value by 18.90%. 

Keep it green: 🌿

Based in Florida, NextEra has a number of subsidiaries. Florida Power & Light, the largest, is the electricity supplier to approximately 11 million people across the state. Another subsidiary, NextEra Energy Resources, is the largest generator of renewable energy from wind and solar in the world, along with its affiliated companies. 

Businesses can hire NextEra as a consultant to support them in their transition to clean energy. The company partners with businesses to fit their facilities with LED lighting, broadband fibre and onsite power grids. NextEra also works together with businesses that rely on a fleet, setting them up with renewable fuels and providing fleet electrification support.  

Which neme?: 🔍

You can find NextEra in the following nemes: ‘Top Stocks for Recessions’, ‘5 Stable Stocks to Invest In’, and ‘Green Energy’.

Han Tan

Han Tan is a seasoned financial journalist and news presenter renowned for his expertise in global markets. With a career highlighted by interviews with prominent figures and recognition from major media outlets like CNN and Reuters, he delivers insightful analysis on market news and macroeconomic trends to clients and international audiences. Han's sharp commentary on currencies, stocks, and commodities is familiar to viewers of Bloomberg TV Malaysia, BFM 89.9, and NTV7, cementing his sterling reputation in the industry.