NextEra Energy Is Betting on a Hybrid Growth and Utility Model. Here's What Investors Need to Know.

NextEra Energy (NYSE: NEE) is defying the traditional utility company mold by combining the stability of a regulated utility company with the ambition of a renewable energy business. This dual model has become a long-term growth engine for the company.NextEra is a defensive stock with considerable upside potential, meaning it'll remain relatively unaffected during an economic downturn but could also see significant growth under the right conditions. NextEra is a great long-term play for investors looking for more than a typical power company to round out their portfolios.The majority of NextEra's revenue is powered by Florida Power & Light (FPL), accounting for approximately 70% of revenue. FPL provides power to more than 12 million residents, and this demand is increasing with the state's population. Florida is the third-largest and fastest-growing state in the country, with a population expected to reach nearly 27 million by 2040. Should the state continue to expand at this pace, NextEra's investors will reap the benefits.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool