NextEra Energy (NEE) – A Good Option to Hop on the Nuclear Energy Bandwagon?

Core Insights - NextEra Energy Inc. (NYSE:NEE) is recognized as one of the 13 best nuclear power stocks to buy according to analysts [1] - The company has a market capitalization exceeding $169 billion, making it the most valuable utility company globally, with a diverse energy portfolio that includes natural gas, nuclear, renewable energy, and battery storage [2] Regulatory Approvals - The U.S. Nuclear Regulatory Commission has approved the license renewal for NextEra's Point Beach Nuclear Plant Units 1 and 2, allowing operations to continue for approximately three additional decades [3] - This follows a similar license renewal for the Turkey Point Nuclear Power Plant, owned by NextEra's subsidiary Florida Power & Light Company [3] Financial Performance and Growth - NextEra Energy has achieved an adjusted EPS growth at a CAGR of 9% over the last 20 years, which is more than double the growth rate of its closest competitors [4] - The company plans to invest $75 billion through 2028 in new renewable energy, battery storage, and electricity transmission projects, aiming for an annual EPS growth of 6% to 8% through 2027 [4] Dividend History - NextEra Energy has increased its dividends for 29 consecutive years, positioning it among the 12 best dividend aristocrat stocks to invest in currently [5]