NextEra Energy (NEE-N)

Is -9% in the last 3 years. Trump says he likes solar energy, though not wind. So, he's not too worried about NEE, which is a cheap stock.

Direct exposure to energy providers as his AI play. Largest renewable power provider in the US. Stock's done well, a bit of volatility. Data centres will need power. Nuclear is an option, but it's down the road; this name helps bridge the gap till we get there.

Utilities sector has done really well, particularly in the US. Sector tends to be weak in January/February. Technicals show a pullback and breakdown, could see further weakness. In the right place fundamentally over the long term.

No particular quarrels with it, but moved on due to troubles they were having. Largest utility in the US, much of the Florida segment is regulated (low risk). Investors excited by the segment that's geographically more diversified with wind and solar; earnings in that segment more erratic. 

Decent grower. Plans to grow dividend 10% annually, supported by 8% EPS growth. Reasonably good balance sheet, BBB credit. 21x PE. Stock's already bounced, not calling to him. Yield is 3.7%.

Facilities can always be at risk in such events, and 3 million Florida residents lost power this week. But so far NEE has managed the situation well. Since it is a regular occurrence, we are of the view that the risk is likely at least partially priced into the valuation of the stock. In other words, buyers of the stock know it is an ongoing risk, yet are comfortable taking that risk. For what it's worth, the stock is up 57% in the past year. Lower interest rates and cash flow seem to be bigger drivers than weather events here. 
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After a good run, it's fallen over 70% since late 2021 highs. It plunged last year. When the Fed started raising interest rates, the market turned against all clean energy. Last fall, the company announced it was revising its long-term dividend target from 12% to 6% due to high rates. Also, starting in 2018 they issued CEPF financings, but this turned on them as their shares fell starting in 2021. They face $3.75 billion of CEPF buyout options coming due in 2025-2032, but where will they get the cash? They plan to sell pipeline assets, but are those enough? He suspects they will cut their dividend next year. If they cut in half, they could weather this storm, however, or they get sold to another company entirely.

Both the stock and this sector can go higher.

It pays a big dividend, which makes him afraid, but offers no other reason to own it.

RBC has said NEE 'might' cut its dividend but we doubt it would after just recently doing a financing. With the stock down on the issue we would today see it more as a BUY than a HOLD.
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Consistent earnings and dividend growth, at an above-average rate. Largest solar-energy power producer in NA. Big money's been made, trades in the 20x range, high for a utility. Look elsewhere.

The US's biggest electric utility. Will grow because AI demands a lot more energy than the traditional internet.

Did poorly last year, but if a court ruling goes their way things change. Also, they're cheap, and a utility, and it has a big sustainable component.

It's a convertible preferred, so you get common share upside plus a 9.75% dividend.

The utility space has been in a downtrend but is coming back up to trend. Don't be long with the possibility of rates going up.

Challenging year due to higher interest rates. Florida Power & Light has been its reliable utility cash cow. Proceeds from that have been invested in solar and wind, and they're the largest provider in the US. He's been adding. Long term, moving in the right direction. Yield is 3.3%.