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How NextEra Overtook ExxonMobil As The Largest U.S. Energy Company

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Here's how NextEra overtook ExxonMobil as the largest U.S. energy company:

... [+]What did NextEra do right? As a disclaimer, I will note that NextEra has long been the #1 ranked stock pick in our Growth Portfolio at. As a result, I have written in great detail about the company. The following is a brief excerpt from an analysis I carried out that explains why NextEra has thrived.

The company has used the stable cash flows from its regulated Florida power utility to help finance its investments in renewables . In the process, NextEra became the largest producer of wind and solar power in the world. NextEra’s dividend is considered as safe as an investment-grade bond. Yet, it is growing its renewable energy business at a rate that rivals a tech stock.

 

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