NextEra Energy, Inc. (NYSE:NEE) is included among the 15 Best Boring Dividend Stocks to Buy.
On November 20, Morgan Stanley lowered its price target on NextEra Energy, Inc. (NYSE:NEE) to $97 from $98 while maintaining an Overweight rating, as reported by The Fly. The update followed a review of North American Regulated & Diversified Utilities and Independent Power Producers, with the analyst noting that utilities underperformed the S&P 500 in October.
Looking ahead, the International Energy Agency projects that by 2030, AI data centers will consume as much annual electricity as all of Japan, a country of 125 million people. This trend represents a significant potential growth opportunity for NextEra Energy, Inc. (NYSE:NEE), which is the largest electricity provider in the United States. Adding to this, the company’s partnership with Alphabet to restart the Duane Arnold nuclear power plant in Palo, Iowa, by early 2029 is notable. The 615-megawatt facility would generate enough electricity to power hundreds of thousands of homes each year.
Since 1994, NextEra Energy, Inc. (NYSE:NEE) has consistently increased its dividend each year, including a 10% hike in February 2025, matching the same increase in 2024. Overall, the company has boosted its dividend by 62% since 2020, significantly surpassing the 25% inflation rate over the same period.
While we acknowledge the potential of NEE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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