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StockNews.com
Business
Anushka Dutta

Is NextEra Energy a Good Stock to Add to Your Dividend Portfolio?

Utility company NextEra Energy, Inc. (NEE) in Juno Beach, Fla., generates, transmits, distributes, and sells electric power to retail and wholesale customers. The company generates energy through solar, wind, natural gas, and coal facilities and operates long-term contracted assets consisting of clean energy solutions.

NEE’s CEO John Ketchum has criticized the U.S. Commerce Department over its probe into solar panel imports and called on Congress to pass ‘Build Back Better’ legislation to combat high energy prices. NEE executives have warned that 2.1 - 2.8 gigawatts worth of 2022 solar and storage projects might be pushed back to 2023. However, the company expects to add 23 to 30 gigawatts of renewables over the four years ending 2024.

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