In 10 Years, Will You Wish You'd Bought NextEra Energy Right Now?
NextEra Energy is about to become a much more powerful company.
Overview
Shares of NextEra Energy (NYSE: NEE) currently sit more than 10% below their 52-week high. The utility company's stock price has slumped following the surprising announcement that it agreed to buy Dominion (NYSE: D) in an all-stock deal valued at nearly $67 billion. The merger would create the world's largest regulated electric utility company.
The deal adds near-term risks from regulatory approval uncertainty and potential integration challenges. However, the long-term benefits could far outweigh those risk factors. Here's why I think that investors looking back a decade from now will wish they had capitalized on the sell-off to buy the utility stock.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.