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NextEra Energy, Inc. (NYSE:NEE) is included among the 10 Best Renewable Energy Stocks to Buy According to Billionaires.

With a market cap of over $176 billion as of the writing of this article, NextEra Energy, Inc. (NYSE:NEE) is the most valuable utility company in the world. The company boasts a diverse mix of energy sources, including natural gas, nuclear, renewable energy, and battery storage.

On May 26, Barclays slightly bumped up its price target on NextEra Energy, Inc. (NYSE:NEE) from $89 to $90, while maintaining an ‘Equal Weight’ rating on the shares. The raised target reflects an upside of over 6% from the current price level.

On the other hand, earlier on May 21, Morgan Stanley lowered its price target on NextEra Energy, Inc. (NYSE:NEE) from $115 to $111, but kept its ‘Overweight’ rating on the shares.

The mixed sentiment comes after Nextera announced plans to acquire Dominion Energy earlier on May 18. The $66.8 billion deal will create the largest regulated electric utility in the world, and comes at a time when the US power consumption is expected to soar to record levels amid the AI boom.

The transaction is expected ​to close in 12 to 18 months, with the combined entity emerging as the global leader in clean energy and battery storage.

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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