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Pathikrit Bose

NextEra Is Doubling Down on Data Centers for Big Tech. Should You Buy NEE Stock Here?

NextEra NEE NextEra Energy Meta Alphabet Google Cloud

Trust the Trump administration and the current AI megatrend to compel the largest developer of renewable energy in the United States to base its future capex plans around nuclear, fossil fuels, and data centers. That is precisely what is happening with NextEra Energy (NEE). The Florida-based renewable energy major is looking to develop 15 gigawatts of new power generation capabilities for data centers by 2035. And CEO John Ketchum deems it to be just a “conservative” target, commenting, “Quite frankly, based on what we’re seeing today, we’ll be disappointed if we don’t do more,” as he outlined ambitions to build 30 gigawatts of capacity by 2035.

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