NextEra Energy

NEE-N

(A Top Pick July 27/17, Up 21%) Mostly solar, some wind. Growing in Florida, their big market. Good capital allocators, dividend’s growing at 10-15%, roughly 50% higher than Canadian utilities. He holds his stocks “forever,” unless a red flag appears and forces him to sell.

This is “the” company leading the way in renewable power and alternative energy. 50% of their power generation comes from wind, and is growing very rapidly. Wind power and solar have now become less expensive than coal power, at the same time we are about to head into an electric vehicle revolution. The company has done a lot of research on battery technology storage and they service 5 million customers in Florida. A big utility and has a great balance sheet. They have 20-year contracts to supply power to their other utility customers. Dividend yield of 2.6%. (Analysts’ price target is $157.)

This is in wind, solar and nuclear power, mostly in Florida. The company has been able to grow their dividends at about a 10% clip. They continue to add megawatts to their power grid, basically in solar and wind. There is a lot of growth moving forward because they have had to retrofit from coal to gas, but also added more solar which is good for the environment and for their coffers. Dividend yield of 2.7%. (Analysts’ price target is US$150.50.)

(A Past Pick. April 5/12. Up 30.81%.)

Primarily a US utility with most of their activity in Florida. This is interesting because of the call on renewable energy coming back in favour. Nice generating platform and a good pipeline of projects to upgrade their generating capability.