NEE - NextEra Energy Inc.

NextEra plans to build 15 gigawatts of new power generation specifically for data centers by 2035. Has an expanded partnership with Google to co-develop multiple gigawatt-scale data center campuses. Positioned to benefit from AI energy demand.

Bencino cites NextEra Energy as another energy provider play benefiting from AI data center build-outs, specifically as a Florida energy provider positioned for growing power demand.

Outperformed S&P 500 by 45% during 2008 recession; owns regulated Florida utility with locked-in revenue; largest wind and solar fleet globally; signed 25-year deal with Google to restart nuclear plant for AI data center. Described as recession-resistant base plus AI growth. Buy on dips near highs

Bipartisan congressional buying (Rick Larsen and Richard McCormick). Larsen sits on Transportation and Infrastructure Committee, giving insight into grid permitting and power infrastructure. His district includes Microsoft and Amazon hyperscalers driving massive data center power demand. NEE received Trump administration approval for 10GW of new gas power projects in Texas. Wall Street price target increases from UBS and Jefferies citing data center power deals.

World's largest renewable energy company; tech companies prefer clean energy and will pay a premium for renewables; building power plants rapidly; planning a 10% dividend in 2026

NEE is the largest renewable energy developer in the US with unmatched scale in wind and solar. AI data centers require consistent load balancing and battery storage, which NEE provides. Historically one of the best capital allocators in utilities with the balance sheet and footprint to capture rising long-term power demand.

NextEra is transforming from a traditional defensive utility into a critical AI infrastructure provider, leveraging its renewable energy backlog and nuclear assets. It secured a 25-year power purchase agreement with Google, positioning it as a primary beneficiary of AI-driven energy demand.

NextEra is transforming from a traditional defensive utility into a critical infrastructure provider for the AI era. It has a 25-year power purchase agreement with Google for nuclear power from its Duane Arnold plant, is expanding natural gas assets through the Mountain Valley Pipeline, and its acquisition of Energy Capital Partners will expand its customer supply business across 34 states. BlackRock continues to add to its holdings and the stock recently hit an all-time high.

Utility/energy company that benefits from grid modernization and capex boom. Bullish but almost later in the year.

Listed as one of the top four energy companies to watch alongside Duke, GEV, and Vistra. Described as a long-time favorite in Stock Club.