The Ultimate AI Power Supercycle Winner: NextEra Energy or Vistra Stock?
NextEra's $67 billion merger and Vistra's $4 billion acquisition are both huge growth moves for each company. Here's what you need to know.
Overview
NextEra Energy (NYSE:NEE) is a major utility focused on Florida with massive investments in clean energy through its clean energy arm. Vistra (NYSE:VST) operates as an integrated independent power producer, managing both electricity generation and direct sales to millions of customers. While NextEra has been around for a century now, Vistra is barely a decade old but has hogged the headlines in recent months, with its stock delivering massive returns.
Which among the two stocks is a buy right now, and why?
Details
NextEra Energy operates through two primary segments that provide a mix of regulated stability and growth. Its subsidiary, Florida Power & Light, serves over six million customer accounts and is the largest electric utility in the U.S. Its other segment, NextEra Energy Resources, specializes in long-term contracted renewable and nuclear generation across 49 states. The company has just made its most powerful growth yet, agreeing to acquire Dominion Energy (NYSE:D) in an all-stock deal worth nearly $67 billion.
Source
Originally published at www.fool.com.