Short interest for NextEra Energy gives investors a sense of the degree to which investors are betting on the decline of NextEra Energy's stock. Short interest data is updated every two weeks.

NextEra Energy Stock (NYSE:NEE), Short Interest Report

NextEra Energy

NextEra Energy's regulated utility, Florida Power & Light, is the largest rate-regulated utility in Florida. The utility distributes power to nearly 6 million customer accounts in Florida and owns 34 gigawatts of generation. FP&L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with more than 30 GW of generation capacity, including natural gas, nuclear, wind, and solar.

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NextEra Energy Inc

NextEra Energy, Inc. Series N Junior Subordinated Debentures due March 1, 2079

NextEra Energy, Inc. 6.926% Corporate Units

<p>Deep-pocketed investors have adopted a bearish approach towards NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NEE usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for NextEra Energy. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 36% leaning bullish and 45% bearish. Among these notable options, 3 are puts, totaling $134,889, and 8 are calls, amounting to $2,483,026.</p>
<h3>Predicted Price Range</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $80.0 for NextEra Energy during the past quarter. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for NextEra Energy's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of NextEra Energy's whale activity within a strike price range from $50.0 to $80.0 in the last 30 days. </p>
<h3>NextEra Energy Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715367967_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>NEE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$6.35</td>
<td>$6.1</td>
<td>$6.3</td>
<td>$80.00</td>
<td>$2.2M</td>
<td>7.0K</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>NEE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$4.85</td>
<td>$4.8</td>
<td>$4.85</td>
<td>$75.00</td>
<td>$81.0K</td>
<td>3.1K</td>
<td style="text-align: right;">185</td>
</tr>
<tr>
<td>NEE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$3.65</td>
<td>$3.6</td>
<td>$3.61</td>
<td>$72.50</td>
<td>$71.6K</td>
<td>1.8K</td>
<td style="text-align: right;">349</td>
</tr>
<tr>
<td>NEE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$5.05</td>
<td>$4.95</td>
<td>$5.05</td>
<td>$70.00</td>
<td>$45.9K</td>
<td>9.2K</td>
<td style="text-align: right;">193</td>
</tr>
<tr>
<td>NEE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$9.6</td>
<td>$9.1</td>
<td>$9.5</td>
<td>$65.00</td>
<td>$37.8K</td>
<td>15.8K</td>
<td style="text-align: right;">27</td>
</tr>
</tbody>
</table>
</p>
<h3>About NextEra Energy</h3>
<p>NextEra Energy's regulated utility, Florida Power &amp; Light, is the largest rate-regulated utility in Florida. The utility distributes power to nearly 6 million customer accounts in Florida and owns 34 gigawatts of generation. FP&amp;L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with more than 30 GW of generation capacity, including natural gas, nuclear, wind, and solar.</p>
<p>Having examined the options trading patterns of NextEra Energy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Current Position of NextEra Energy</h3>
<ul>
<li>With a trading volume of 8,188,756, the price of NEE is down by -1.09%, reaching $73.77.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 74 days from now.</li>
</ul>
<h3>What Analysts Are Saying About NextEra Energy</h3>
<p>5 market experts have recently issued ratings for this stock, with a consensus target price of $71.6.</p>
<ul>
<li>An analyst from BMO Capital has decided to maintain their Outperform rating on NextEra Energy, which currently sits at a price target of $68. </li>
<li>Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for NextEra Energy, targeting a price of $72. </li>
<li>An analyst from B of A Securities has decided to maintain their Neutral rating on NextEra Energy, which currently sits at a price target of $67. </li>
<li>Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on NextEra Energy with a target price of $78. </li>
<li>Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Outperform rating for NextEra Energy, targeting a price of $73. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for NextEra Energy, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Options

This Is What Whales Are Betting On NextEra Energy

<p>On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/05/08/final-trades-netflix-nextera-energy-and-iyr.html">Halftime Report Final Trades</a>,&#8221; Joseph M. Terranova of Virtus Investment Partners picked <strong>Netflix, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).</p>
<p>On April 18, Netflix reported first-quarter revenue of $9.37 billion — up 14.8% year-over-year. </p>
<p>The revenue beat a Street consensus estimate of $9.275 billion, according to data from Benzinga Pro. The company reported earnings per share of $5.28 for the quarter, which beat a Street consensus estimate of $4.51. </p>
<p><em>See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38651122/tom-brady-roasted-for-cryptocurrency-investment-in-netflix-special-tom-how-did-you-fall-fo">Tom Brady Roasted For Cryptocurrency Investment In Netflix Special &#8211; &#8216;Tom, How Did You Fall For That? Even Gronk Was Like—Me Know That&#8217;s Not Real Money&#8217;</a></em></p>
<p>Netflix added 9.33 million paid net new subscribers in the first quarter to bring the company to a total of 269.60 million.</p>
<p>Also on &#8220;Final Trades,&#8221; Shannon Saccocia of NB Private Wealth named <strong>iShares U.S. Real Estate ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYR#NYSE">IYR</a>) as her final trade.</p>
<p>Karen Firestone of Aureus Asset Management said <strong>NextEra Energy, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) is now going higher and business is coming back.</p>
<p>On April 23, NextEra Energy posted better-than-expected earnings for its first quarter, reporting adjusted earnings of 91 cents per share, beating market estimates of 73 cents per share. </p>
<p>On May 7, BMO Capital analyst James Thalacker maintained NextEra Energy with an Outperform and raised the price target from $72 to $78.</p>
<p>Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a></p>
<p><strong>Price Action:</strong></p>
<ul>
<li>iShares U.S. Real Estate ETF fell 0.8% on Wednesday.</li>
<li>NextEra Energy shares gained 1.3% to settle at $72.85 during Wednesday's session.</li>
<li>Netflix shares rose 0.6% to settle at $609.47 on Wednesday.</li>
</ul>
<p><em>Check This Out: <a href="https://www.benzinga.com/news/24/05/38699603/top-2-financial-stocks-that-may-fall-off-a-cliff-in-may">Top 2 Financial Stocks That May Fall Off A Cliff In May</a></em></p>
<p><em>Image: Shutterstock</em></p>


Netflix, NextEra Energy And More On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Netflix, NexaEnergy

<p>BMO Capital  analyst James Thalacker   maintains NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) with a Outperform and raises the price target from $72 to $78.</p>


Price Target

Analyst Ratings

BMO Capital Maintains Outperform on NextEra Energy, Raises Price Target to $78

<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>NextEra Energy</strong>.</p>
<p>Looking at options history for NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) we detected 11 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.</p>
<p>From the overall spotted trades, 2 are puts, for a total amount of $331,621 and 9, calls, for a total amount of $615,030.</p>
<h3>Predicted Price Range</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $27.5 to $75.0 for NextEra Energy over the recent three months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for NextEra Energy's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across NextEra Energy's significant trades, within a strike price range of $27.5 to $75.0, over the past month.</p>
<h3>NextEra Energy 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715005856_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>NEE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$5.15</td>
<td>$5.05</td>
<td>$5.15</td>
<td>$72.50</td>
<td>$257.5K</td>
<td>49</td>
<td>500</td>
</tr>
<tr>
<td>NEE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$3.75</td>
<td>$3.7</td>
<td>$3.75</td>
<td>$72.50</td>
<td>$148.8K</td>
<td>4.6K</td>
<td>400</td>
</tr>
<tr>
<td>NEE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$0.67</td>
<td>$0.63</td>
<td>$0.67</td>
<td>$72.00</td>
<td>$113.9K</td>
<td>737</td>
<td>1.2K</td>
</tr>
<tr>
<td>NEE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$0.67</td>
<td>$0.63</td>
<td>$0.67</td>
<td>$72.00</td>
<td>$80.4K</td>
<td>737</td>
<td>1.2K</td>
</tr>
<tr>
<td>NEE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$3.1</td>
<td>$3.0</td>
<td>$3.03</td>
<td>$68.00</td>
<td>$75.8K</td>
<td>2.3K</td>
<td>0</td>
</tr>
</tbody>
</table>
</p>
<h3>About NextEra Energy</h3>
<p>NextEra Energy's regulated utility, Florida Power &amp; Light, is the largest rate-regulated utility in Florida. The utility distributes power to nearly 6 million customer accounts in Florida and owns 34 gigawatts of generation. FP&amp;L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with more than 30 GW of generation capacity, including natural gas, nuclear, wind, and solar.</p>
<h3>Present Market Standing of NextEra Energy</h3>
<ul>
<li>Trading volume stands at 1,440,431, with NEE's price up by 0.77%, positioned at $70.68.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 78 days.</li>
</ul>
<h3>What The Experts Say On NextEra Energy</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $71.6.</p>
<ul>
<li>An analyst from Mizuho has decided to maintain their Buy rating on NextEra Energy, which currently sits at a price target of $71. </li>
<li>An analyst from BMO Capital has decided to maintain their Outperform rating on NextEra Energy, which currently sits at a price target of $68. </li>
<li>An analyst from B of A Securities persists with their Neutral rating on NextEra Energy, maintaining a target price of $67. </li>
<li>An analyst from Morgan Stanley persists with their Overweight rating on NextEra Energy, maintaining a target price of $79. </li>
<li>Consistent in their evaluation, an analyst from Scotiabank keeps a Sector Outperform rating on NextEra Energy with a target price of $73. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest NextEra Energy options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Unpacking the Latest Options Trading Trends in NextEra Energy

<p>Earlier today,&nbsp;NextEra Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) announced that&nbsp;<strong>Kirk Crews</strong>&nbsp;has been appointed to a new senior leadership role at NextEra Energy. Following that announcement, NextEra Energy Partners, LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) today is announcing that&nbsp;<strong>Brian Bolster</strong>&nbsp;is appointed chief financial officer (CFO), NextEra Energy Partners, succeeding Mr. Crews. Mr. Bolster is also appointed a board director of NextEra Energy Partners and succeeds Mr. Crews in this position. Both appointments are effective immediately.</p>
<p>Mr. Bolster will report directly to&nbsp;John Ketchum, chairman and chief executive officer, NextEra Energy Partners, LP.</p>
<p>&quot;Kirk has successfully served as NextEra Energy Partners&#39; CFO for the past two years and is now taking up an important senior executive role that leverages his deep financial acumen and experience,&quot; said Mr. Ketchum. &quot;As Kirk hands over his CFO responsibilities, I would like to welcome Brian to NextEra Energy Partners. Over a long career at Goldman Sachs, Brian has accumulated strong financial capabilities and a robust understanding of the power and renewables sectors. I am confident that he will make a positive impact on the NextEra Energy Partners business.&quot;</p>
<p>Mr. Bolster joins NextEra Energy from Goldman Sachs following a nearly 25-year career at the firm. He was head of natural resources in the Americas with responsibility for the administration of investment banking across power, infrastructure, chemicals, energy, metals and mining. He joined the energy and power group at Goldman Sachs as an associate in 1999, was named managing director in 2007 and became a partner in 2012.</p>
<p>Over his nearly two-and-a-half-decade career at Goldman Sachs, Mr. Bolster played an integral role in growing the firm&#39;s natural resources business. He worked with teams across the firm to meet the unique needs of Goldman Sachs&#39; power, utilities and infrastructure clients, providing seamless cross border capabilities and connecting resources and products around the world.</p>
<p>Mr. Bolster holds a Bachelor of Arts in government and an MBA and a Juris Doctor from&nbsp;Georgetown University.</p>


Management

NextEra Energy Partners Taps Brian Bolster of Goldman Sachs as CFO and Director Succeeding Kirk Crews

<p>NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) has outperformed the market over the past 20 years by 3.68% on an annualized basis producing an average annual return of 11.68%. Currently, NextEra Energy has a market capitalization of $143.63 billion. </p>
<p><strong>Buying $1000 In NEE:</strong> If an investor had bought $1000 of NEE stock 20 years ago, it would be worth <strong>$9,146.69</strong> today based on a price of $69.91 for NEE at the time of writing.</p>
<h3>NextEra Energy's Performance Over Last 20 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714762851_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


If You Invested $1000 In This Stock 20 Years Ago, You Would Have $9,100 Today

<p>On CNBC's &#8220;Mad Money Lightning Round,&#8221; <strong>Jim Cramer</strong> said <strong>SoundHound AI, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) has got to make money and is losing money. &#8220;It's been around forever, and it's not making money. That's <a href="https://www.benzinga.com/news/24/04/38181349/why-soundhound-ai-stock-is-moving-lower-wednesday">no good for me,&#8221; he added.</a></p>
<p>SoundHound AI is expected to report its 2024 first quarter financial results on Thursday, May 9, after the closing bell.</p>
<p>&#8220;It's a little bit riskier than people would like,&#8221; Cramer said when asked about <strong>OneMain Holdings, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMF#NYSE">OMF</a>). &#8220;It's a personal loaner. But, you know what, I think the Fed is going to lower rates, so I think it's going to work for you.&#8221;</p>
<p>On April 20, OneMain Holdings posted better-than-expected earnings for its first quarter and raised its dividend from $1.00 to $1.04 per share.</p>
<p>The &#8220;Mad Money&#8221; host said he is going to do some work on <strong>Cracker Barrel Old Country Store, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>). &#8220;I used to recommend this stock, and it has been horrendous, and I haven't looked at it in may years. So we'll come back and do that one,&#8221; he added.</p>
<p>Cracker Barrel is scheduled to provide a real-time webcast and rebroadcast of its strategic transformation plan update on Thursday, May 16.</p>
<p>Cramer said he likes <strong>General Motors Company</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) very much and recommended buying the same.</p>
<p>Goldman Sachs Group is reportedly in discussions to shift its General Motors credit-card program to Barclays, marking a huge move in Goldman's <a href="https://www.benzinga.com/markets/equities/24/04/38517046/goldman-sachs-mulls-gm-credit-card-program-shift-to-barclays-report">withdrawal from consumer lending</a>.</p>
<p><strong>Heartland Financial USA, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTLF#NASDAQ">HTLF</a>) is a &#8220;very good&#8221; regional bank, Cramer said. &#8220;I think you're in good hands with that one.&#8221;</p>
<p>On April 29, UMB announced an agreement to acquire Heartland Financial.</p>
<p>Cramer said <strong>NextEra Energy, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) is losing too much money for him to recommend.</p>
<p>On April 23, NextEra Energy posted better-than-expected quarterly earnings.</p>
<p><strong>Price Action:</strong></p>
<ul>
<li>OneMain shares rose 0.1% to settle at $50.81 on Thursday.</li>
<li>SoundHound shares gained 1.8% to close at $4.49.</li>
<li>NextEra Energy shares gained 0.4% to settle at $68.85.</li>
<li>Cracker Barrel shares rose 1.5% to close at $57.18 on Thursday.</li>
<li>General Motors shares rose 0.5% to settle at $44.67 on Thursday.</li>
<li>Heartland Financial shares rose 2.8% to settle at $43.26 during Thursday's session.</li>
</ul>
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<p><em>Photo: Shutterstock</em></p>


Jim Cramer Says 'You're In Good Hands' With This 'Very Good' Regional Bank, Likes General Motors

<p>If you were asked at the beginning of 2024 to imagine the top sectors of the S&amp;P 500 for the first four months of the year, you&#8217;d likely have pegged technology and consumer services as the frontrunners, leaving others far behind. </p>
<p>If someone had told you that utilities, the underperformers of 2023 with a 7% drop, would outperform the tech sector, you&#8217;d probably have thought they <a href="https://www.benzinga.com/general/biotech/24/04/38535093/april-showers-on-wall-street-miners-utilities-emerge-as-bright-spots-in-gloomy-market">were pulling your leg.</a></p>
<p>Against all odds, here we are. Since the start of the year, tech is now up 2.6%, while utilities surged over 8%. </p>
<p>Amid market pullbacks over the past month, utilities emerged as the unlikely victors, defying the prevailing trend and surging in year-to-date performance rankings against tech stocks.</p>
<p>While the tech sector dipped by nearly 5% in the last month, utilities rallied by about 4%, showcasing a remarkable rebound. </p>
<p>It&#8217;s akin to the adage: &#8220;When the going gets tough, the tough get going.&#8221;</p>
<p>Back in 2022, amid Fed Chair<strong> Jerome Powell</strong>&#8216;s aggressive interest rate hikes, utilities stood as the lone survivor in the market bloodbath, apart from the exceptional performance of the energy sector. In that year, technology endured a 27% loss, and communication services suffered a staggering 37% decline.</p>
<p><em><strong>Performance of S&amp;P 500&#8217;s Sectors: Last Month, Full-Year 2023 and 2022</strong></em></p>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<thead>
<tr>
<th>Sector</th>
<th>Total Return (1-month)&#x2A;</th>
<th>Total Return (2023)</th>
<th>Total Return (2022)</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Utilities Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>3.96%</td>
<td>-7.18%</td>
<td>1.44%</td>
</tr>
<tr>
<td><strong>Consumer Staples</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>0.67%</td>
<td>-0.82%</td>
<td>-0.81%</td>
</tr>
<tr>
<td><strong>Consumer Discretionary</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>-1.68%</td>
<td>39.64%</td>
<td>-36.27%</td>
</tr>
<tr>
<td><strong>Industrials</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>-1.99%</td>
<td>18.13%</td>
<td>-5.57%</td>
</tr>
<tr>
<td><strong>Health Care</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>-2.39%</td>
<td>2.07%</td>
<td>-2.08%</td>
</tr>
<tr>
<td><strong>Financial Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>-2.84%</td>
<td>12.03%</td>
<td>-10.59%</td>
</tr>
<tr>
<td><strong>Communication Services Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>-3.40%</td>
<td>52.82%</td>
<td>-37.63%</td>
</tr>
<tr>
<td><strong>Energy</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>-3.69%</td>
<td>-0.63%</td>
<td>64.32%</td>
</tr>
<tr>
<td><strong>Materials</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>-3.75%</td>
<td>12.46%</td>
<td>-12.30%</td>
</tr>
<tr>
<td><strong>Real Estate</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>-4.31%</td>
<td>12.36%</td>
<td>-26.25%</td>
</tr>
<tr>
<td><strong>Technology Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>-4.78%</td>
<td>56.02%</td>
<td>-27.73%</td>
</tr>
</tbody>
</table>
<p><figcaption class="wp-element-caption">&#x2A;<em>1-month return as of May 2, 2024</em></figcaption></p></figure></p>
<h3 class="wp-block-heading">Why Are Utilities Rallying?</h3>
<p>The utilities rally over the last month has been widespread, with 28 out of 30 components of the XLU ETF showing positive performance.</p>
<p>Notably, utilities have perfectly embodied their defensive role, characterized by companies with stable and predictable cash flows, which become increasingly attractive to investors amid uncertainty elsewhere.</p>
<p>Following a string of higher-than-expected inflation data and after the 2-year Treasury yields surpassed a 5% yield, markets approached the May 1 Federal Reserve meeting with a heightened fear of a hawkish shift.</p>
<p>However, this scenario did not materialize, with Powell dispelling fears of an interest rate hike, though also indicating that rate cuts <a href="https://www.benzinga.com/markets/equities/24/05/38563545/powell-keeps-hawks-at-bay-says-interest-rate-hike-unlikely-stocks-gold-rally-while-treasury-yiel">are not in scope at this stage.</a></p>
<p>In a limbo where uncertainty over monetary policy reigns supreme – investment banks&#8217; forecasts range from 1 to 4 interest rate <a href="https://www.benzinga.com/economics/macro-economic-events/24/05/38584705/federal-reserve-takes-cautious-stand-on-inflation-powell-signals-preference-for-r">cuts by year-end</a> – and where the market seeks greater clarity on the latest inflation dynamics, defensive sectors like utilities regain favor.</p>
<h3 class="wp-block-heading">Stocks Driving The Sector Rally</h3>
<p>There haven&#8217;t been any staggering performances in the sector, but rather a general upward trend that lifted all boats in the XLU ETF.</p>
<p>Here are the top performers over the last month:</p>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<tbody>
<tr>
<td><strong>Name</strong></td>
<td><strong>Total Return (1M)</strong></td>
</tr>
<tr>
<td><strong>NRG Energy, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>)</td>
<td>10.95%</td>
</tr>
<tr>
<td><strong>NextEra Energy, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>)</td>
<td>9.42%</td>
</tr>
<tr>
<td><strong>The AES Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>)</td>
<td>7.63%</td>
</tr>
<tr>
<td><strong>The Southern Company</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>)</td>
<td>6.05%</td>
</tr>
<tr>
<td><strong>PG&amp;E Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>)</td>
<td>5.54%</td>
</tr>
<tr>
<td><strong>Consolidated Edison, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>)</td>
<td>5.28%</td>
</tr>
<tr>
<td><strong>Public Service Enterprise Group Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEG#NYSE">PEG</a>)</td>
<td>5.25%</td>
</tr>
<tr>
<td><strong>American Water Works Company, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWK#NYSE">AWK</a>)</td>
<td>4.93%</td>
</tr>
<tr>
<td><strong>Dominion Energy, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>)</td>
<td>4.74%</td>
</tr>
<tr>
<td><strong>NiSource Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>)</td>
<td>4.50%</td>
</tr>
</tbody>
</table>
<p><figcaption class="wp-element-caption"><em>Performance as of May 2, 2024</em></figcaption></p></figure></p>
<p>Read now: <em><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38497224/ai-data-centers-drive-electricity-demand-goldman-sachs-picks-16-stocks-to-play-the-">AI Data Centers Drive Electricity Demand: Goldman Sachs Picks 16 Stocks To Play The Trend</a></em></p>
<p><em>Image generated using artificial intelligence via Midjourney.</em></p>


<p>Deep-pocketed investors have adopted a bearish approach towards NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NEE usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 20 extraordinary options activities for NextEra Energy. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 40% leaning bullish and 50% bearish. Among these notable options, 5 are puts, totaling $600,588, and 15 are calls, amounting to $1,305,200.</p>
<h3>Predicted Price Range</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $75.0 for NextEra Energy over the last 3 months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>In terms of liquidity and interest, the mean open interest for NextEra Energy options trades today is 2251.15 with a total volume of 16,171.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for NextEra Energy's big money trades within a strike price range of $60.0 to $75.0 over the last 30 days.</p>
<h3>NextEra Energy Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714595468_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>NEE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.73</td>
<td>$2.73</td>
<td>$2.73</td>
<td>$72.50</td>
<td>$239.6K</td>
<td>832</td>
<td>71</td>
</tr>
<tr>
<td>NEE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$2.45</td>
<td>$2.18</td>
<td>$2.45</td>
<td>$75.00</td>
<td>$234.2K</td>
<td>1.1K</td>
<td>43</td>
</tr>
<tr>
<td>NEE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$2.6</td>
<td>$2.52</td>
<td>$2.6</td>
<td>$65.00</td>
<td>$218.6K</td>
<td>1.7K</td>
<td>2.7K</td>
</tr>
<tr>
<td>NEE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$2.08</td>
<td>$2.03</td>
<td>$2.04</td>
<td>$67.50</td>
<td>$204.7K</td>
<td>8.9K</td>
<td>1.1K</td>
</tr>
<tr>
<td>NEE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$2.5</td>
<td>$2.45</td>
<td>$2.5</td>
<td>$65.00</td>
<td>$202.2K</td>
<td>1.7K</td>
<td>1.3K</td>
</tr>
</tbody>
</table>
</p>
<h3>About NextEra Energy</h3>
<p>NextEra Energy's regulated utility, Florida Power &amp; Light, is the largest rate-regulated utility in Florida. The utility distributes power to nearly 6 million customer accounts in Florida and owns 34 gigawatts of generation. FP&amp;L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with more than 30 GW of generation capacity, including natural gas, nuclear, wind, and solar.</p>
<p>In light of the recent options history for NextEra Energy, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Current Position of NextEra Energy</h3>
<ul>
<li>With a volume of 13,388,008, the price of NEE is up 2.42% at $68.59. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 83 days.</li>
</ul>
<h3>Expert Opinions on NextEra Energy</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $71.8.</p>
<ul>
<li>An analyst from BMO Capital persists with their Outperform rating on NextEra Energy, maintaining a target price of $72. </li>
<li>Consistent in their evaluation, an analyst from B of A Securities keeps a Neutral rating on NextEra Energy with a target price of $67. </li>
<li>Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on NextEra Energy with a target price of $79. </li>
<li>Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for NextEra Energy, targeting a price of $68. </li>
<li>An analyst from Scotiabank persists with their Sector Outperform rating on NextEra Energy, maintaining a target price of $73. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest NextEra Energy options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Looking At NextEra Energy's Recent Unusual Options Activity

<p>As April comes to a close, it&#8217;s time to compile the rankings for the top-performing sector and industry exchange-traded <a href="https://www.benzinga.com/etfs">funds of the month.</a></p>
<p>Taking a broader look at the stock market, the S&amp;P 500 Index, represented by the <strong>SPDR S&amp;P 500 ETF Trust </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), finished April on a downturn, declining by approximately 3%. This marks the end of a five-month streak of gains.</p>
<p>Similarly, the tech-heavy Nasdaq 100, tracked by the <strong>Invesco QQQ Trust</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), experienced a 3.5% decline.</p>
<p>Among large-cap indices, blue-chip stocks showed slight underperformance, with the <strong>SPDR Dow Jones Industrial Average ET</strong>F (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) slipping by 4.5%.</p>
<p>Small-cap stocks, represented by the<strong> iShares Russell 2000 ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), plummeted by over 6%, marking their worst performance since October 2023.</p>
<p>Overall, it has been a challenging month for the stock market, primarily due to inflation surprises surpassing expectations. This has led to a recalibration of market expectations regarding potential Federal Reserve rate cuts.</p>
<p>Additionally, complex global geopolitical tensions have emerged, notably between Israel and Iran, alongside the ongoing issue in the Gaza Strip.</p>
<p>May is anticipated to start with a crucial event as investors await the Federal Reserve Open Market Committee <a href="https://www.benzinga.com/general/macro-notification/24/04/38526201/is-hawkish-shift-on-inflation-imminent-wall-street-analysts-traders-brace-for-fed-impa">(FOMC) meeting on Wednesday. </a></p>
<p>While no interest rate changes are expected, all eyes will be on Fed Chair <strong>Jerome Powell</strong>&#8216;s remarks to assess the Fed&#8217;s stance in response to recent inflation surprises.</p>
<p>Read also: <em><a href="https://www.benzinga.com/general/macro-notification/24/04/38491988/federal-reserve-meeting-preview-high-interest-rates-need-more-time-to-work-bank-of-ame">Federal Reserve Meeting Preview: High Interest Rates &#8216;Need More Time To Work,&#8217; Bank of America Says</a></em></p>
<h2 class="wp-block-heading">Performance Of Sector ETFs In April 2024</h2>
<p>At the sector level, only the utilities sector managed to avoid losses for the month, rising by 2.1%.</p>
<p>The largest stock contributors to the utilities&#8217; performance in April are <strong>NextEra Energy, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>), <strong>The Southern Company</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>), <strong>Dominion Energy, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) and <strong>NRG Energy</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) which showed monthly gains between 4% and 8%. </p>
<p>Energy stocks remained broadly stable, while the other nine S&amp;P 500&#8217;s sectors showcased losses.</p>
<p>Real estate experienced the worst performance, down by over 7%, dragged down by its high sensitivity to interest rates, as Treasury yields increase across the board during the month. </p>
<p>Following real estate, the technology and healthcare sectors also showed poor performance in April.</p>
<h4 class="wp-block-heading">April&#8217;s Best And Worst Sector ETFs: Utilities Lead, Real Estate Lags</h4>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<thead>
<tr>
<th>Sector</th>
<th>April 2024 performance</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Utilities Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>2.06%</td>
</tr>
<tr>
<td><strong>Energy</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>0.01%</td>
</tr>
<tr>
<td><strong>Consumer Staples</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>-1.11%</td>
</tr>
<tr>
<td><strong>Industrials</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>-3.23%</td>
</tr>
<tr>
<td><strong>Consumer Discretionary</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>-3.68%</td>
</tr>
<tr>
<td><strong>Financial Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>-3.85%</td>
</tr>
<tr>
<td><strong>Materials</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>-4.13%</td>
</tr>
<tr>
<td><strong>Communication Services Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>-4.24%</td>
</tr>
<tr>
<td><strong>Technology Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>-4.78%</td>
</tr>
<tr>
<td><strong>Health Care</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>-4.85%</td>
</tr>
<tr>
<td><strong>Real Estate</strong>&nbsp;<strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>-7.83%</td>
</tr>
</tbody>
</table>
<p><figcaption class="wp-element-caption"><em>Data as of Apr. 30, 2024 2:50 p.m. EDT</em></figcaption></p></figure></p>
<h2 class="wp-block-heading">Performance Of Industry ETFs In April 2024</h2>
<p>Based on the industry ETF list provided by <strong>BlackRock Inc</strong>.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) iShares, only five out of the 25 industries managed to report gains in April. Among them, miners did well across the board, with silver, copper, and gold mining stocks reporting robust gains. </p>
<p>Standout contributors to the mining industry&#8217;s outperformance in April were <strong>Pan American Silver Corp. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>), up over 20%, <strong>Newmont Corp.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), up 14%, <strong>Anglo American plc </strong>(OTCPK: AAUKF), up over 40%</p>
<p>Energy producers also managed to end the month in the green.</p>
<p>On the bottom side of the industry rankings, homebuilders, transportation, biotech stocks, digital infrastructure and real estate all report losses between 7% and 9.6% in April.</p>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<thead>
<tr>
<th>ETF Name</th>
<th>Performance</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>iShares MSCI Global Silver and Metals Miners ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLVP#NYSE">SLVP</a>)</td>
<td>12.11%</td>
</tr>
<tr>
<td><strong>iShares Copper and Metals Mining ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COPX#NYSE">COPX</a>)</td>
<td>9.50%</td>
</tr>
<tr>
<td><strong>iShares MSCI Global Gold Miners ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RING#NYSE">RING</a>)</td>
<td>5.93%</td>
</tr>
<tr>
<td><strong>iShares MSCI Global Metals &amp; Mining Producers ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PICK#NYSE">PICK</a>)</td>
<td>2.81%</td>
</tr>
<tr>
<td><strong>iShares MSCI Global Energy Producers ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FILL#NYSE">FILL</a>)</td>
<td>2.46%</td>
</tr>
<tr>
<td><strong>iShares U.S. Aerospace &amp; Defense ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITA#NYSE">ITA</a>)</td>
<td>-1.16%</td>
</tr>
<tr>
<td><strong>iShares U.S. Oil &amp; Gas Exploration &amp; Production ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEO#NYSE">IEO</a>)</td>
<td>-1.37%</td>
</tr>
<tr>
<td><strong>iShares Residential and Multisector Real Estate ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REZ#NYSE">REZ</a>)</td>
<td>-1.66%</td>
</tr>
<tr>
<td><strong>iShares Lithium Miners and Producers ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ILIT#NYSE">ILIT</a>)</td>
<td>-3.30%</td>
</tr>
<tr>
<td><strong>iShares U.S. Broker-Dealers &amp; Securities Exchange ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAI#NYSE">IAI</a>)</td>
<td>-3.74%</td>
</tr>
<tr>
<td><strong>iShares U.S. Financial Services ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>)</td>
<td>-3.88%</td>
</tr>
<tr>
<td><strong>iShares Expanded Tech Sector ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGM#NYSE">IGM</a>)</td>
<td>-4.37%</td>
</tr>
<tr>
<td><strong>iShares Semiconductor ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>)</td>
<td>-4.40%</td>
</tr>
<tr>
<td><strong>iShares U.S. Healthcare Providers ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHF#NYSE">IHF</a>)</td>
<td>-4.79%</td>
</tr>
<tr>
<td><strong>iShares U.S. Insurance ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAK#NYSE">IAK</a>)</td>
<td>-4.85%</td>
</tr>
<tr>
<td><strong>iShares U.S. Regional Banks ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAT#NYSE">IAT</a>)</td>
<td>-5.11%</td>
</tr>
<tr>
<td><strong>iShares U.S. Pharmaceuticals ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHE#NYSE">IHE</a>)</td>
<td>-5.38%</td>
</tr>
<tr>
<td><strong>iShares U.S. Oil Equipment &amp; Services ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEZ#NYSE">IEZ</a>)</td>
<td>-5.45%</td>
</tr>
<tr>
<td><strong>iShares Mortgage Real Estate ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REM#NYSE">REM</a>)</td>
<td>-5.57%</td>
</tr>
<tr>
<td><strong>iShares U.S. Medical Devices ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHI#NYSE">IHI</a>)</td>
<td>-5.75%</td>
</tr>
<tr>
<td><strong>iShares Global Timber &amp; Forestry ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOOD#NYSE">WOOD</a>)</td>
<td>-6.20%</td>
</tr>
<tr>
<td><strong>iShares Expanded Tech-Software Sector ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGV#NYSE">IGV</a>)</td>
<td>-6.76%</td>
</tr>
<tr>
<td><strong>iShares U.S. Digital Infrastructure and Real Estate ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDGT#NYSE">IDGT</a>)</td>
<td>-7.12%</td>
</tr>
<tr>
<td><strong>iShares Biotechnology ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBB#NYSE">IBB</a>)</td>
<td>-7.23%</td>
</tr>
<tr>
<td><strong>iShares U.S. Transportation ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYT#NYSE">IYT</a>)</td>
<td>-8.34%</td>
</tr>
<tr>
<td><strong>iShares U.S. Home Construction ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITB#NYSE">ITB</a>)</td>
<td>-9.60%</td>
</tr>
</tbody>
</table>
<p><figcaption class="wp-element-caption"><em>Data as of Apr. 30, 2024 3:15 p.m. EDT</em></figcaption></p></figure></p>
<p>Now read: <em><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38497224/ai-data-centers-drive-electricity-demand-goldman-sachs-picks-16-stocks-to-play-the-">AI Data Centers Drive Electricity Demand: Goldman Sachs Picks 16 Stocks To Play The Trend</a></em></p>
<p><em>Image generated using artificial intelligence via Midjourney.</em></p>


Biotech

Equities

Mid Cap

REIT

Broad U.S. Equity ETFs

Specialty ETFs

Health Care

Commodities

Small Cap

Real Estate

AAUKF

COPX

SPDR Dow Jones Industrial Average ETF Trust

FILL

iShares Dow Jones US Broker Dealers Index Fund

iShares Dow Jones US Insurance Index Fund

iShares Dow Jones US Regional Banks Index Fund

iShares U.S. Digital Infrastructure and Real Estate ETF

IDGT

iShares Dow Jones US Oil & Gas Exploration & Production Index Fund

iShares Dow Jones US Oil Equipment & Services Index Fund

iShares Dow Jones US Pharmaceuticals Index Fund

iShares Dow Jones US Health Care Provides Index Fund

iShares Dow Jones US Medical Devices Index Fund

ILIT

iShares Dow Jones US Aerospace & Defense Index Fund

iShares Dow Jones US Homenstruction Index Fund

iShares Trust Dow Jones US Financial Services Index Fund

iShares Dow Jones Transportation Average Index Fund

PAAS

PICK

iShares FTSE NAREIT Mortgage PLUS Capped Index Fund

iShares FTSE NAREIT Residential PLUS Capped Index Fund

RING

SLVP

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

iShares S&P Global Timber & Forestry Index Fund

WOOD

April Showers On Wall Street:  Miners, Utilities Emerge As Bright Spots In Gloomy Market

<p>Escalating electricity needs from running AI data centers will create downstream investment benefits in the utilities, renewable energy generation, and industrial sectors, according to Goldman Sachs. </p>
<p>In a recently published study, equity analyst Carly Davenport has listed a basket of stocks positioned to benefit from the potential massive surge <a href="https://www.benzinga.com/topic/artificial-intelligence">in U.S. power demand. </a></p>
<p>The investment bank forecasts that data center power demand will grow at 15% compound annual growth rate from 2023-2030. This growth trajectory is expected to elevate data centers&#8217; share of total US power demand to 8% by 2030, up from the current level of approximately 3%.</p>
<p>The &#8220;U.S. power demand (is) likely to experience growth not seen in a generation. Not since the start of the century has US electricity demand grown 2.4% over an eight-year period, with US annual power generation over the last 20 years averaging less than 0.5% growth,&#8221; Goldman Sachs highlights.  </p>
<p>Analysts estimate that about 47 GW of additional power generation capacity will be necessary to accommodate the growth in U.S. data center power demand by 2030. This demand is anticipated to be met by approximately 60% gas and 40% renewable sources. </p>
<p>The projection suggests that this trend will drive approximately $50 billion in capital investment in U.S. power generation capacity by 2030.</p>
<p>Goldman Sachs has pinpointed 16 stocks rated as &#8220;buy&#8221; across various sectors, including Utility, Clean Technology, Midstream, Energy Services, Industrials, and Industrial Tech. </p>
<p>The highlighted stocks are as follows:</p>
<h3 class="wp-block-heading">Power Demand Growth Beneficiaries</h3>
<ul>
<li><strong>Vertiv Holdings Plc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NASDAQ">VRT</a>): Solid market presence in thermal cooling and power management offerings.</li>
<li><strong>NextEra Energy</strong> <strong>Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>): Renewable sector strategically positioned for AI data loads and available interconnection queues.</li>
<li><strong>Cameco Corporation </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>): Provider of clean energy storage solutions for data centers&#8217; backup power needs.</li>
<li><strong>EQT Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>): Beneficiary of rising nuclear power capacity as a uranium producer and nuclear fuel supplier.</li>
<li><strong>Fluence Energy Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNC#NASDAQ">FLNC</a>): Natural gas producer poised to capitalize on heightened demand resulting from electric load expansion.</li>
</ul>
<h3 class="wp-block-heading">Power Generation Capacity Additions</h3>
<ul>
<li><strong>Xcel Energy Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>): Regulated utility exposed to power generation needs to support data center growth in Midwest Independent Transmission System Operator. </li>
<li><strong>First Solar Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>): Primary manufacturer and supplier of solar panels for utility-scale solar farms across the United States.</li>
<li><strong>Southern Company </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>): Regionally positioned regulated utility poised to meet the escalating demand from data centers through strategic investment in generation.</li>
<li><strong>GE Vernova</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>): Positioned to profit from sustained growth trends as a supplier of power generation assets.</li>
</ul>
<h3 class="wp-block-heading">Power Infrastructure Investment Needs</h3>
<ul>
<li><strong>Quanta Services Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>): Specialty contractor specializing in utilities construction, poised to reap rewards from increased electricity demand.</li>
<li><strong>MYR Group Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYRG#NASDAQ">MYRG</a>): Involved in data centers through transmission and distribution (T&amp;D) projects, establishing prominence as a key player in electrical contracting.</li>
<li><strong>DBA Sempra</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>): Utility allocating substantial capital expenditure on T&amp;D infrastructure to bolster the expansion of data centers in Texas.</li>
<li><strong>Kinder Morgan</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>): The leading operator of natural gas pipelines in the United States, set to profit from the rising demand for gas-fired generation.</li>
</ul>
<h3 class="wp-block-heading">Industrial Supply Chain Beneficiaries</h3>
<ul>
<li><strong>Eaton Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>): Manufacturer of electrical components poised to capitalize on the sustained increase in power demand.</li>
<li><strong>nVent Electric plc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVT#NYSE">NVT</a>): Key player in liquid cooling technology, forecasting double-digit business growth within the Data Solutions sector.</li>
<li><strong>Caterpillar Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>): Construction equipment company capable of supplying generator sets to data centers for backup power needs.</li>
</ul>
<p><strong>AI Data Centers&#8217; Demand Set To Triple By 2030</strong>: After experiencing relatively flat growth from 2015 to 2019, Goldman Sachs anticipates that power demand from data centers will more than triple by 2030 compared to 2020 levels. </p>
<p>According to analyst estimates, there is an upside scenario where demand could more than double the base case, influenced partly by improvements in product efficiencies and increased demand for AI-related technologies.</p>
<p>&#8220;There could be meaningful upside to our base case if appetite for purchase and utilization of servers is unconstrained,&#8221; Davenport stated. </p>
<p>&#8220;There could be downside to our base case if power efficiency is higher than expected or if power/compute speed efficiencies lead to fewer servers purchased than expected,&#8221; the analyst added. </p>
<p><em>Read now:<a href="https://www.benzinga.com/markets/asia/24/04/38494691/japan-intervenes-to-support-struggling-yen-why-did-it-trigger-nikkei-225-dip-4-charts-to-watch"> Japan Intervenes To Support Struggling Yen: Why Did It Trigger Nikkei 225 Dip? 4 Charts To Watch</a></em></p>
<p><em>Image generated using artificial intelligence via Midjourney.</em></p>


Analyst Color

Long Ideas

FLNC

FSLR

MYRG

AI Data Centers Drive Electricity Demand: Goldman Sachs Picks 16 Stocks To Play The Trend

<p>BMO Capital  analyst James Thalacker   maintains NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) with a Outperform and raises the price target from $70 to $72.</p>


BMO Capital Maintains Outperform on NextEra Energy, Raises Price Target to $72

<p>Mizuho  analyst Anthony Crowdell   maintains NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) with a Buy and raises the price target from $67 to $71.</p>


Mizuho Maintains Buy on NextEra Energy, Raises Price Target to $71

<p>B of A Securities  analyst Julien Dumoulin-Smith   maintains NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) with a Neutral and raises the price target from $61 to $67.</p>


B of A Securities Maintains Neutral on NextEra Energy, Raises Price Target to $67

Earnings

NextEra Energy Q1 2024 Adj EPS $0.91 Beats $0.73 Estimate

<h3>Companies Reporting Before The Bell</h3>
<p>&bull; RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) is expected to report quarterly earnings at $1.23 per share on revenue of $18.41 billion.</p>
<p>&bull; MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) is expected to report quarterly earnings at $3.45 per share on revenue of $684.13 million.</p>
<p>&bull; Quest Diagnostics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) is expected to report quarterly earnings at $1.85 per share on revenue of $2.29 billion.</p>
<p>&bull; Community Bank System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBU#NYSE">CBU</a>) is expected to report quarterly earnings at $0.78 per share on revenue of $176.83 million.</p>
<p>&bull; Herc Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRI#NYSE">HRI</a>) is estimated to report quarterly earnings at $2.15 per share on revenue of $782.85 million.</p>
<p>&bull; JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) is expected to report quarterly loss at $0.52 per share on revenue of $2.20 billion.</p>
<p>&bull; General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) is expected to report quarterly earnings at $2.14 per share on revenue of $41.88 billion.</p>
<p>&bull; GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) is estimated to report quarterly earnings at $0.65 per share on revenue of $15.34 billion.</p>
<p>&bull; Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) is projected to report quarterly earnings at $0.70 per share on revenue of $3.85 billion.</p>
<p>&bull; United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) is projected to report quarterly earnings at $1.30 per share on revenue of $21.87 billion.</p>
<p>&bull; Banc of California (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BANC#NYSE">BANC</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $259.77 million.</p>
<p>&bull; Polaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $1.75 billion.</p>
<p>&bull; PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) is projected to report quarterly earnings at $1.52 per share on revenue of $18.08 billion.</p>
<p>&bull; Kiniksa Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNSA#NASDAQ">KNSA</a>) is expected to report quarterly loss at $0.18 per share on revenue of $79.61 million.</p>
<p>&bull; Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $1.53 billion.</p>
<p>&bull; Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) is likely to report quarterly earnings at $2.21 per share on revenue of $5.49 billion.</p>
<p>&bull; Dime Community Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCOM#NASDAQ">DCOM</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $72.52 million.</p>
<p>&bull; Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) is projected to report quarterly earnings at $2.38 per share on revenue of $66.30 million.</p>
<p>&bull; Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) is estimated to report quarterly earnings at $0.74 per share on revenue of $5.67 billion.</p>
<p>&bull; Peoples Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEBO#NASDAQ">PEBO</a>) is estimated to report quarterly earnings at $0.80 per share on revenue of $109.74 million.</p>
<p>&bull; Pentair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $1.01 billion.</p>
<p>&bull; WR Berkley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>) is expected to report quarterly earnings at $1.49 per share on revenue of $3.27 billion.</p>
<p>&bull; Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) is estimated to report quarterly earnings at $5.81 per share on revenue of $15.95 billion.</p>
<p>&bull; GATX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GATX#NYSE">GATX</a>) is estimated to report quarterly earnings at $1.76 per share on revenue of $375.80 million.</p>
<p>&bull; NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) is likely to report quarterly earnings at $0.73 per share on revenue of $5.92 billion.</p>
<p>&bull; Atlantic Union Bankshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AUB#NYSE">AUB</a>) is likely to report quarterly earnings at $0.72 per share on revenue of $181.92 million.</p>
<p>&bull; Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) is estimated to report quarterly earnings at $0.39 per share on revenue of $1.09 billion.</p>
<p>&bull; Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) is likely to report quarterly earnings at $1.79 per share on revenue of $4.58 billion.</p>
<p>&bull; NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $331.80 million.</p>
<p>&bull; Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $5.23 billion.</p>
<p>&bull; Cambridge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATC#NASDAQ">CATC</a>) is expected to report quarterly earnings at $1.01 per share on revenue of $38.05 million.</p>
<p>&bull; Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) is projected to report quarterly earnings at $1.42 per share on revenue of $618.43 million.</p>
<p>&bull; Option Care Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPCH#NASDAQ">OPCH</a>) is projected to report quarterly earnings at $0.23 per share on revenue of $1.10 billion.</p>
<p>&bull; Kimberly-Clark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>) is likely to report quarterly earnings at $1.62 per share on revenue of $5.08 billion.</p>
<p>&bull; Old National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONB#NASDAQ">ONB</a>) is projected to report quarterly earnings at $0.43 per share on revenue of $439.87 million.</p>
<p>&bull; First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) is estimated to report quarterly earnings at $0.37 per share on revenue of $205.74 million.</p>
<p>&bull; First Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCF#NYSE">FCF</a>) is expected to report quarterly earnings at $0.36 per share on revenue of $119.93 million.</p>
<p>&bull; Sandy Spring Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SASR#NASDAQ">SASR</a>) is estimated to report quarterly earnings at $0.45 per share on revenue of $81.04 million.</p>
<p>&bull; Popular (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPOP#NASDAQ">BPOP</a>) is expected to report quarterly earnings at $1.89 per share on revenue of $560.41 million.</p>
<p>&bull; Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) is estimated to report quarterly earnings at $1.71 per share on revenue of $5.62 billion.</p>
<p>&bull; Philip Morris Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) is likely to report quarterly earnings at $1.41 per share on revenue of $8.46 billion.</p>
<p>&bull; Ryder System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) is estimated to report quarterly earnings at $1.71 per share on revenue of $3.06 billion.</p>
<p>&bull; LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) is likely to report quarterly earnings at $0.95 per share on revenue of $3.77 billion.</p>
<p>&bull; PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) is expected to report quarterly earnings at $2.36 per share on revenue of $3.58 billion.</p>
<h3>Companies Reporting After The Bell</h3>
<p>&bull; Avangrid (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGR#NYSE">AGR</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $2.63 billion.</p>
<p>&bull; Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHB#NASDAQ">RUSHB</a>) is likely to report earnings for its first quarter.</p>
<p>&bull; Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHA#NASDAQ">RUSHA</a>) is projected to report quarterly earnings at $0.82 per share on revenue of $1.88 billion.</p>
<p>&bull; AudioEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) is likely to report quarterly loss at $0.08 per share on revenue of $8.03 million.</p>
<p>&bull; Stride (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRN#NYSE">LRN</a>) is expected to report quarterly earnings at $1.43 per share on revenue of $507.18 million.</p>
<p>&bull; Zurn Elkay Water (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZWS#NYSE">ZWS</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $368.99 million.</p>
<p>&bull; Renasant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNST#NYSE">RNST</a>) is projected to report quarterly earnings at $0.62 per share on revenue of $163.60 million.</p>
<p>&bull; KKR Real Estate Finance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KREF#NYSE">KREF</a>) is expected to report quarterly earnings at $0.38 per share on revenue of $44.35 million.</p>
<p>&bull; Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $6.38 billion.</p>
<p>&bull; Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $283.32 million.</p>
<p>&bull; Hanmi Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAFC#NASDAQ">HAFC</a>) is likely to report quarterly earnings at $0.52 per share on revenue of $59.03 million.</p>
<p>&bull; Matador Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTDR#NYSE">MTDR</a>) is likely to report quarterly earnings at $1.47 per share on revenue of $740.47 million.</p>
<p>&bull; Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) is likely to report quarterly earnings at $2.43 per share on revenue of $8.62 billion.</p>
<p>&bull; Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) is likely to report quarterly earnings at $5.34 per share on revenue of $10.29 billion.</p>
<p>&bull; Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) is estimated to report quarterly earnings at $3.43 per share on revenue of $4.73 billion.</p>
<p>&bull; Flushing Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIC#NASDAQ">FFIC</a>) is expected to report quarterly earnings at $0.14 per share on revenue of $48.29 million.</p>
<p>&bull; CoStar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) is estimated to report quarterly earnings at $0.07 per share on revenue of $649.60 million.</p>
<p>&bull; Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $1.67 billion.</p>
<p>&bull; Hawaiian Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HA#NASDAQ">HA</a>) is projected to report quarterly loss at $2.62 per share on revenue of $628.95 million.</p>
<p>&bull; Vicor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VICR#NASDAQ">VICR</a>) is expected to report quarterly earnings at $0.11 per share on revenue of $84.83 million.</p>
<p>&bull; Veritex Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBTX#NASDAQ">VBTX</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $109.00 million.</p>
<p>&bull; Artisan Partners Asset (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APAM#NYSE">APAM</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $265.60 million.</p>
<p>&bull; Enova International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENVA#NYSE">ENVA</a>) is expected to report quarterly earnings at $1.70 per share on revenue of $588.52 million.</p>
<p>&bull; Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is likely to report quarterly earnings at $0.51 per share on revenue of $21.27 billion.</p>
<p>&bull; EQT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) is likely to report quarterly earnings at $0.66 per share on revenue of $1.63 billion.</p>
<p>&bull; West Fraser Timber (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFG#NYSE">WFG</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $2.01 billion.</p>
<p>&bull; Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) is likely to report quarterly earnings at $1.01 per share on revenue of $148.23 million.</p>
<p>&bull; Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $206.78 million.</p>
<p>&bull; Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $83.82 million.</p>
<p>&bull; Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) is likely to report quarterly earnings at $0.15 per share on revenue of $303.41 million.</p>
<p>&bull; Trustmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMK#NASDAQ">TRMK</a>) is estimated to report quarterly earnings at $0.61 per share on revenue of $189.37 million.</p>
<p>&bull; Range Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RRC#NYSE">RRC</a>) is likely to report quarterly earnings at $0.61 per share on revenue of $695.20 million.</p>
<p>&bull; Mattel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) is expected to report quarterly loss at $0.13 per share on revenue of $831.06 million.</p>
<p>&bull; EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) is expected to report quarterly earnings at $2.01 per share on revenue of $152.09 million.</p>
<p>&bull; Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) is likely to report quarterly earnings at $0.87 per share on revenue of $243.45 million.</p>
<p>&bull; QCR Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCRH#NASDAQ">QCRH</a>) is likely to report quarterly earnings at $1.30 per share on revenue of $58.85 million.</p>
<p>&bull; Wesbanco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSBC#NASDAQ">WSBC</a>) is estimated to report quarterly earnings at $0.55 per share on revenue of $116.64 million.</p>
<p>&bull; Premier Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFC#NASDAQ">PFC</a>) is likely to report quarterly earnings at $0.47 per share on revenue of $52.54 million.</p>
<p>&bull; Canadian National Railway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $3.14 billion.</p>
<p>&bull; Veralto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLTO#NYSE">VLTO</a>) is expected to report quarterly earnings at $0.76 per share on revenue of $1.22 billion.</p>
<p>&bull; Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $726.32 million.</p>
<p>&bull; Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) is projected to report quarterly earnings at $1.07 per share on revenue of $3.61 billion.</p>
<p>&bull; iShares Frontier and Select EM ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FM#NYSE">FM</a>) is expected to report quarterly loss at $0.06 per share on revenue of $1.06 billion.</p>
<p>&bull; IDEX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEX#NYSE">IEX</a>) is estimated to report quarterly earnings at $1.75 per share on revenue of $806.94 million.</p>
<p>&bull; Weatherford International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>) is likely to report quarterly earnings at $1.44 per share on revenue of $1.33 billion.</p>
<p>&bull; Bank of N.T Butterfield (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTB#NYSE">NTB</a>) is estimated to report quarterly earnings at $0.98 per share on revenue of $137.26 million.</p>
<p>&bull; First Busey (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUSE#NASDAQ">BUSE</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $109.21 million.</p>
<p>&bull; East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) is likely to report quarterly earnings at $1.99 per share on revenue of $577.70 million.</p>
<p>This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.</p>


AEYE

APAM

BANC

BPOP

BUSE

CATC

CSGP

DCOM

ENPH

ENVA

EWBC

FFIC

GATX

HAFC

JBLU

KNSA

KREF

MANH

MSCI

MTDR

OPCH

PEBO

PFBC

QCRH

RNST

ROIC

RUSHA

RUSHB

SASR

SPOT

STLD

TRMK

TSLA

VBTX

VICR

VLTO

WFRD

WSBC

Earnings Scheduled For April 23, 2024

<p>Scotiabank  analyst Andrew Weisel   maintains NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) with a Sector Outperform and raises the price target from $69 to $73.</p>


Scotiabank Maintains Sector Outperform on NextEra Energy, Raises Price Target to $73

<p>Morgan Stanley  analyst David Arcaro   maintains NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) with a Overweight and raises the price target from $77 to $79.</p>


Morgan Stanley Maintains Overweight on NextEra Energy, Raises Price Target to $79

<p>NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) has outperformed the market over the past 20 years by 3.29% on an annualized basis producing an average annual return of 10.94%. Currently, NextEra Energy has a market capitalization of $132.11 billion. </p>
<p><strong>Buying $100 In NEE:</strong> If an investor had bought $100 of NEE stock 20 years ago, it would be worth <strong>$790.41</strong> today based on a price of $64.31 for NEE at the time of writing.</p>
<h3>NextEra Energy's Performance Over Last 20 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713540728_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


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<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>With news that the Russians <a href="https://www.reuters.com/world/europe/ukraine-sends-reinforcements-after-russian-forces-attack-kharkiv-region-2024-05-10/">opened another front</a> in its belligerence against Ukraine, it&rsquo;s clear that <a href="https://investorplace.com/industries/energy/">energy stocks</a> to buy need to rise to the forefront. Geopolitically, the narrative is only becoming more intense, with fears rising that global supply chains could be disrupted.</p>



<p>It&rsquo;s not a far-fetched concept. Before Congress <a href="https://www.reuters.com/business/energy/ban-russian-uranium-helps-us-build-nuclear-fuel-capacity-official-says-2024-05-03/">approved an import ban</a> on Russian-sourced uranium, concerns existed that the Kremlin could choose to cut supplies of the critical energy resource to the U.S. and Western nations. With tensions escalating, anything can happen.</p>



<p>Plus, it&rsquo;s not just Europe that has raised alarm. The situation in the Middle East is fluid and could also erupt in chaos. That could easily disrupt crucial global oil supply chains, which could significantly impact the economy.</p>



<p>About the only cynical winners is the energy space. With that, below are energy stocks to buy.</p>



<h2>Chevron (CVX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/cvx-stock-6-300x169.jpg" alt='Chevron (CVX) logo on gas station sign with "diesel" and "food mart" written underneath'><div>Source: Sundry Photography / Shutterstock.com</div></div><p>As an integrated oil and gas giant, <strong>Chevron</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/cvx-stock-quote/"><strong>CVX</strong></a>) makes an easy case for energy stocks to buy. While ideological and political forces are pushing renewable energy infrastructure &ndash; no doubt an important endeavor &ndash; the reality is that the world still runs on oil. Like it or not, Chevron will probably be relevant for years, if not decades to come.</p>



<p>Financially, there&rsquo;s just no stopping the giant. Yes, the average earnings surprise over the last four quarters ending in the first quarter of this year is negative. However, set aside the miss in Q3 2023 and the company continues to do what it does best: deliver consistent profits for its stakeholders. For this consistency, investors must pay 1.59X trailing-year revenue. That&rsquo;s not awful.</p>



<p>For fiscal 2024, analysts are looking for earnings per share of $12.74 on revenue of $199.03 billion. Last year, the company delivered earnings of $12.27 per share on sales of $187.73 billion. Further, the blue-sky sales target calls for $218.94 billion. That&rsquo;s not unreasonable based on the geopolitical framework. It&rsquo;s one of the energy stocks to buy.</p>



<h2>ConocoPhillips (COP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/oil-price-predictions1600-300x169.png" alt="Rise in gasoline prices concept with double exposure of digital screen with financial chart graphs and oil pumps on a field. Oil prices and oil price predictions"><div>Source: Golden Dayz / Shutterstock.com</div></div><p>Specializing in the production and transportation of crude oil and other hydrocarbon-based products, <strong>ConocoPhillips</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/cop-stock-quote/"><strong>COP</strong></a>) is largely involved in the upstream component of the energy value chain, along with shades of midstream relevance. Moving forward, the geopolitical backdrop will likely make upstream specialists all the more vital. It&rsquo;s crucial that we source hydrocarbons from friendly (or friendlier) jurisdictions.</p>



<p>To be fair, ConocoPhillips&rsquo; financial performance has been somewhat choppy. Still, even with misses in Q2 2023 and Q1 2024, the overall earnings surprise during the past four quarters stands at 3.13%. For the pertinence and strong results (when the company&rsquo;s on), investors must pay a trailing-year revenue multiple of 2.64X. That&rsquo;s high. However, it could be a relative discount based on what happens in the geopolitical realm.</p>



<p>For now, experts are anticipating EPS of $8.69 on revenue of $59.54 billion. That&rsquo;s a modest improvement over last year&rsquo;s results of $8.77 EPS on sales of $58.57 billion. Here&rsquo;s the thing, though. The blue-sky revenue target calls for $68.56 billion. That&rsquo;s reasonable and it makes COP one of the energy stocks to buy.</p>



<h2>Cameco (CCJ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/uranium-hand-1600-300x169.jpg" alt="CCJ Stock: Hand in long yellow glove holding a chunk of uranium material"><div>Source: shutterstock.com/RHJPhtotoandilustration</div></div><p>While the hydrocarbon sector is getting all the &ldquo;fun&rdquo; so to speak, investors shouldn&rsquo;t ignore the nuclear arena. For that, we have <strong>Cameco</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ccj-stock-quote/"><strong>CCJ</strong></a>), one of the most important ideas among energy stocks to buy in the uranium space. With Congress approving a Russian uranium ban, the focus will shift on boosting North American supplies of nuclear fuel. That should boost Canada-based Cameco.</p>



<p>Financially, it&rsquo;s important for investors to plug their nose a bit. If you look strictly at the past four quarters performance, it&rsquo;s ugly. We&rsquo;re talking about an earnings surprise of 1.95% below parity. However, some timing issues could have been responsible for the latest Q1 miss. Moving forward, experts see a much brighter future.</p>



<p>By the end of fiscal 2024, EPS could land at 69 cents on revenue of $2.22 billion. Last year, the company posted earnings of 57 cents on sales of $1.89 billion. Moreover, the high-side revenue target for this year stands at $2.39 billion. That&rsquo;s not unreasonable based on the latest political gyrations. Thus, CCJ should be on your radar of energy stocks to buy.</p>



<h2>NextEra Energy (NEE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/01/nee1600-300x169.jpg" alt="Nextra Energy (NEE) website on a mobile phone screen"><div>Source: madamF / Shutterstock.com</div></div><p>A powerhouse in the renewable energy space, <strong>NextEra Energy</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/nee-stock-quote/"><strong>NEE</strong></a>) falls under the utilities space, specifically regulated electric. <a href="https://finance.yahoo.com/quote/NEE/profile">Per its public profile</a>, NextEra generates transmits and distributes electric power to retail and wholesale customers in North America. It generates electricity through a variety of means, most notably wind and solar.</p>



<p>Interestingly, NEE started off the year rather disappointingly. However, circumstances have shifted in recent months. At the moment, shares are up almost 20% on a year-to-date basis. With the geopolitical backdrop becoming increasingly fraught, more emphasis will be placed on alternative energy sources. That&rsquo;s likely to favor NEE stock and the underlying investments in renewable energy.</p>



<p>To be fair, NEE trades at a rich premium of 5.56X trailing-year revenue. Further, it&rsquo;s only getting richer over the past few quarters. However, with the shift in the geopolitical tone, it&rsquo;s possible that NEE may require a rethink. Yes, the consensus view calls for fiscal 2024 sales of $26.67 billion, down 5.1% from last year. However, the high-side target lands at $29.47 billion, which could be more realistic.</p>



<h2>Ormat Technologies (ORA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1772236982-300x169.png" alt="Storage tanks and pipelines of an Ormat Technologies (OAR) Geothermal Power Station in Wairakei, New Zealand."><div>Source: riekephotos / Shutterstock.com</div></div><p>Another player in the broader utilities space, <strong>Ormat Technologies</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ora-stock-quote/"><strong>ORA</strong></a>) engages in the geothermal and recovered energy power business in the U.S. and many other nations. It operates in three segments: Electricity, Product and Energy Storage. Primarily, Ormat is best known for its geothermal business, which involves extracting heat energy from the earth&rsquo;s core.</p>



<p>At the moment, only a small portion of global power needs is sourced from geothermal mechanisms. However, with the geopolitical backdrop that could threaten mainline energy sources, ORA deserves to be on the radar for energy stocks to buy. Analysts seem to agree, pegging shares a <a href="https://www.tipranks.com/stocks/ora/forecast#">consensus moderate buy</a> with a $73.29 price target. Further, the high-side target rises to $83.</p>



<p>To be fair, Ormat isn&rsquo;t the cheapest idea out there, with shares trading at 5.06 trailing-year revenue. However, compared to the multiple of 6.2X during Q2 2023, it&rsquo;s relatively undervalued.</p>



<p>For fiscal 2024, analysts are looking for EPS of $2.13 on revenue of $886.67 million. Last year, the company posted earnings of $2.08 on revenue of $829.42 million.</p>



<h2>Kinder Morgan (KMI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/kinder_morgan_kmi_1600-300x169.jpg" alt="Kinder Morgan logo on a sign outside the company headquarters in Houston."><div>Source: JHVEPhoto / Shutterstock.com</div></div><p>An energy infrastructure company, <strong>Kinder Morgan</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/kmi-stock-quote/"><strong>KMI</strong></a>) operates in the midstream component of the hydrocarbon value chain. Moving forward, this segment should gain prominence due to the overwhelming relevance. With the world continuing to run on oil, Kinder Morgan and its ilk provide the link between the hydrocarbon commodity&rsquo;s exploration and production and the phase before it enters your vehicle.</p>



<p>Stated differently, we need midstream operators for the economy to survive and thrive. To be fair, over the past four quarters since Q1 2024, the average earnings surprise came out to 2.35% below parity. However, should geopolitical rumblings impact the broader energy ecosystem, Kinder Morgan may benefit from increased profitability. After all, the economy just can&rsquo;t stop moving.</p>



<p>With that in mind, analysts project fiscal 2024 EPS to reach $1.21 on revenue of $17.14 billion. Further, the high-side targets stand at EPS of $1.36 on sales of $19.72 billion. In 2023, the company posted earnings of $1.06 per share on sales of $15.16 billion. Based on burgeoning conditions, KMI is one of the energy stocks to buy.</p>



<h2>Murphy USA (MUSA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/musa-stock-1600-300x169.jpg" alt="Murphy USA gas station and convenience store located on an out parcel of a Walmart Supercenter"><div>Source: Lawrence Glass / Shutterstock.com</div></div><p>Focused in the specialty retail segment of the hydrocarbon space, <strong>Murphy USA</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/musa-stock-quote/"><strong>MUSA</strong></a>) represents one of the downstream players. The company operates retail stores under the Murphy USA, Murphy Express and QuickChek brands. It also operates non-fuel convenience stores. Notably, the company positions its fuel stations near popular big-box retailers, thus enhancing their visibility and desirability.</p>



<p>While arguably one of the most relevant energy stocks to buy, the financial performance has been choppy recently. Over the past four quarters, the average positive earnings surprise came out to only 0.32%. That&rsquo;s because in Q1 of this year, Murphy USA posted EPS of $3.12 against an expectation of $4.58.</p>



<p>With that underweight performance, fiscal 2024&rsquo;s projections &ndash; which call for EPS of $24.74 on sales of $21.71 billion &ndash; may seem a bit unrealistic. Last year, the company posted earnings of $25.49 per share on sales of $21.53 billion.</p>



<p>However, after a post-earnings dip, MUSA stock has been on the run. With geopolitical conditions pointed in a cynically favorable direction, Murphy USA could be one of the energy stocks to buy.</p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/05/energys-geopolitical-jackpot-7-stocks-to-ride-the-tightening-screws/">Energy&#8217;s Geopolitical Jackpot: 7 Stocks to Ride the Tightening Screws</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Energy's Geopolitical Jackpot: 7 Stocks to Ride the Tightening Screws

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Speculative green <a href="https://investorplace.com/industries/energy/">energy stocks</a> could come back into vogue this year. Many countries around the world are far behind their carbon emissions targets, and the urgency to address the climate crisis may energize investment in these companies.</p>



<p>Also, government incentives and policies favor speculative green energy stocks. This regulatory support can boost the profitability of companies working on cutting-edge renewable energy technologies.&nbsp;</p>



<p>The benefit of this renewed focus is that there are a handful of speculative green energy stocks that could see a surge in share prices this year. I see a lot of potential for companies in this industry due to them trading at relative discounts to their long-term potentials. The possibility of gains for investors therefore is strong.</p>



<p>So with this thesis in mind, here are seven speculative green energy stocks that investors should keep on their radars for May this year.</p>



<h2>First Solar (FSLR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/fslr1600-300x169.png" alt="Person holding smartphone with logo of US renewable energy company First Solar Inc. (FSLR) on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p><strong>First Solar</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/fslr-stock-quote/"><strong>FSLR</strong></a>) specializes in manufacturing photovoltaic solar panels and is a leading provider of utility-scale PV power plants globally. The company is dedicated to producing eco-efficient solar modules, contributing significantly to the renewable energy sector.</p>



<p>FSLR is projected to have a <a href="https://stockanalysis.com/stocks/fslr/forecast/">strong performance in 2024</a>, with its financial outlook indicating net sales between $4.4 billion and $4.6 billion, and earnings per share expected to range from $13 to $14, a strong performance.&#8203;&nbsp;</p>



<p>This follows a positive start to the year, as evidenced by their first quarter earnings report for 2024, where they beat expectations with $2.20 earnings per share and revenue of $794.10 million, up 44.8% from the same quarter last year&#8203;.</p>



<p>Additionally, earnings are expected to grow substantially, with a forecast of $21.20 per share by the next year, indicating a strong future performance. This also comes with a &ldquo;Strong Buy&rdquo; rating via analysts, which suggests that its stock price could appreciate substantially in the short-term relative to peers in its industry.</p>



<h2>NextEra Energy (NEE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/01/nee-stock-300x169.jpg" alt="The NextEra Energy (NEE) logo is displayed on a smartphone screen."><div>Source: IgorGolovniov/Shutterstock.com</div></div><p><strong>NextEra Energy</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/nee-stock-quote/"><strong>NEE</strong></a>) stands out as the world&rsquo;s largest producer of wind and solar energy, with significant investments in renewable projects. Known for its substantial clean energy contributions, NextEra is also committed to achieving a zero emissions target by 2045.</p>



<p>NEE reported a <a href="https://www.marketbeat.com/stocks/NYSE/NEE/earnings/">solid start to 2024</a>, with first-quarter earnings of $0.91 per share, surpassing the expected $0.80 per share. The company&rsquo;s revenue for the quarter was $5.73 billion, although this was below the anticipated $6.28 billion&#8203;.</p>



<p>For the full year of 2024, NEE has projected its adjusted earnings per share to be between $3.23 and $3.43, anticipating an annual growth rate of 6% to 8% through 2026&#8203;. Analysts have set future expectations for NEE&rsquo;s earnings to increase to $3.68 per share by next year&#8203;.</p>



<p>Adding either NEE or FSLR to one&rsquo;s portfolio could give an investor a solid footing for exposure to the solar energy market, which will be pivotal to the world&rsquo;s transition to cleaner energy sources.</p>



<h2>Cameco (CCJ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/uranium-hand-1600-300x169.jpg" alt="CCJ Stock: Hand in long yellow glove holding a chunk of uranium material"><div>Source: shutterstock.com/RHJPhtotoandilustration</div></div><p><strong>Cameco</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ccj-stock-quote/"><strong>CCJ</strong></a>) is one of the world&rsquo;s leading uranium production companies, primarily mining and selling uranium concentrate. Although not traditionally categorized under renewables, nuclear energy is seen as a crucial clean energy source for future carbon neutrality.</p>



<p>CCJ <a href="https://www.cameco.com/media/news/cameco-reports-2024-first-quarter-results">outlined a positive outlook</a> for 2024, driven by strong performance in its uranium and nuclear fuel segments. The company reported an increase in uranium production in the first quarter. They expect to maintain production levels at their McArthur River/Key Lake and Cigar Lake operations.</p>



<p>Financially, Cameco is focused on maintaining a strong cash position and reducing debt. They have already made significant repayments on their term loans and plan to refinance a senior unsecured debenture to further strengthen their balance sheet&#8203;.</p>



<p>Nuclear power should be considered in the green energy mix, as renewables alone would likely require too much of a footprint in order to replace thermal coal entirely. <a href="https://qz.com/new-fusion-record-achieved-tungsten-encased-reactor-1851459488">Advancements into nuclear fusion</a> could also lead the world into a new energy era, which scientists have begun to make substantial progress on.</p>



<h2>Plug Power (PLUG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/plug1600-6-300x169.png" alt="Mobile phone with webpage of American hydrogen fuel cell company Plug Power Inc (PLUG) on screen in front of logo Focus on top-left of phone display"><div>Source: Wirestock Creators / Shutterstock.com</div></div><p><strong>Plug Power</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/plug-stock-quote/"><strong>PLUG</strong></a>) is a pioneer in the hydrogen fuel cell technology that powers electric motors, particularly in the logistics and transportation sectors. PLUG is about as speculative as one can get, as it has recently shaken off doubts that it may not remain a going concern in the business, citing significant cash burn issues.</p>



<p>PLUG therefore is a polarizing pick, but it definitely fits under the category of a green energy gamble.</p>



<p>The company has successfully <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37752880/plug-powers-ambitious-2024-analyst-highlights-electrolyzer-expansion-and-hydrogen-p">expanded its hydrogen production capabilities</a>, with two of its plants in Georgia and Tennessee reaching full operational capacity. Additionally, their Louisiana plant is expected to achieve mechanical completion by the third quarter of 2024.&nbsp;</p>



<p>Financially, PLUG is focusing on strengthening its cash management and has implemented a strategic plan to cut operational expenses by $75 million annually.&nbsp; Despite these measures, PLUG reported a substantial net loss in its latest quarterly results.</p>



<p>Still, given the potential upside for holding PLUG shares, one could make a significant windfall if their bet on PLUG pays off.</p>



<h2>Array Technologies (ARRY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/solar-1-300x169.jpg" alt="Clean energy stocks: Rows of solar panels are lined up around a center aisle."><div>Source: Shutterstock</div></div><p><strong>Array Technologies</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/arry-stock-quote/"><strong>ARRY</strong></a>) manufactures ground-mounting systems used in solar energy projects. Their technology improves the efficiency of solar systems by optimizing the position of photovoltaic panels to increase energy production.</p>



<p>For the upcoming year, ARRY has projected its revenue to be between $1.25 billion and $1.4 billion. If one wants to invest in the solar industry, ARRY may be a good option due to it providing the &ldquo;picks and shovels&rdquo; that enable solar panels to reach full efficiency.</p>



<p>In financial terms, Array Technologies <a href="https://greenstocknews.com/news/nasdaq/arry/array-technologies-inc-reports-financial-results-for-the-fourth-quarter-and-full-year-2023-full-year-2023-net-income-of-86-million-record-full-year-adjusted-ebitda-of-288-million">reported a strong performance</a> for the full year 2023, with net income reaching $86 million and a record adjusted EBITDA of $288 million. This improvement is driven by robust structural gross margins and the realization of specific financial benefits, positioning the company for a third consecutive year of adjusted EBITDA and margin growth&#8203;</p>



<p>At just $12.55 per share, ARRY also provides great potential upside for investors.</p>



<h2>Clearway Energy (CWEN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/cwen-stock-1-300x169.jpg" alt="the clearway energy (CWEN) logo on a web browser under a magnifying glass"><div>Source: Pavel Kapysh / Shutterstock.com</div></div><p><strong>Clearway Energy</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/cwen-stock-quote/"><strong>CWEN</strong></a>) operates a broad range of wind, solar, and natural gas facilities across the U.S. I like CWEN due to this diversification of energy sources, as investors then don&rsquo;t have all of their eggs in one basket.</p>



<p>CWEN recently <a href="https://greenstocknews.com/news/nyse/cwen/clearway-energy-inc-announces-ceo-transition-and-reiterates-2024-financial-guidance">reaffirmed its financial guidance</a> for 2024, projecting a Cash Available for Distribution (CAFD) of $395 million. This outlook is built on the expectations of contributions from committed growth investments and estimates for merchant energy gross margins.</p>



<p>Furthermore, CWEN continues to target an annual dividend per share growth in the upper range of 5% to 8% through 2026. This growth strategy does not anticipate the need for external capital, relying instead on internal operational efficiencies and the execution of strategic contracts. The company pays a dividend yield of around 6% at the time of writing, and it has 4 consecutive years of dividend growth under its belt.&nbsp;</p>



<p>It should be noted though that this high yield comes with adrawback: namely its payout ratio is unsustainably high at 240% at the time of writing. Surprisingly, despite this high payout of cash to shareholders, its stock price has increased 64.64% over the past five years.</p>



<h2>Constellation Energy (CEG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/energy-stocks-1600-300x169.png" alt="Person holding the glowing world in their hands with icons with different types of energy. AI Recommended Energy Stocks in July"><div>Source: PopTika / Shutterstock</div></div><p><strong>Constellation Energy</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ceg-stock-quote/"><strong>CEG</strong></a>) delivers electric power and energy management services across the U.S., with a robust emphasis on expanding its carbon-free nuclear and renewable energy resources.</p>



<p>CEG is another one of those risky yet <a href="https://www.constellationenergy.com/newsroom/2024/Constellation-Forecasts-Strong-Earnings-Growth-in-2024-and-Beyond-As-Demand-and-Support-for-Clean-Energy-Builds.html">diversified green energy gambles</a> for investors to consider adding to their portfolios. This is underpinned by&nbsp; a strong outlook for 2024, with a guidance range for Adjusted Operating Earnings per share between $7.23 and $8.03. This forecast is supported by stable revenues from the nuclear production tax credit, which is expected to underpin consistent and growing earnings.&nbsp;</p>



<p>There are some exciting developments in the works for CEG investors. This includes growing its nuclear fleet and renewable energy capacity, which aligns with increasing demand for reliable, carbon-free energy. Additionally, the company is committed to returning value to shareholders through significant dividend growth and share repurchases. CEG pays a 0.65 dividend yield, but it has been growing it aggressively over the past three years, with a 50% to 100% dividend growth increase rate over the period.<br></p>



<p><em>On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em> </em>InvestorPlace.com Publishing Guidelines</a>.</p>
<div><p>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/05/green-energy-gambles-7-speculative-plays-for-the-planet-conscious-investor/">Green Energy Gambles: 7 Speculative Plays for the Planet-Conscious Investor</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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NextEra Energy Stock (NYSE:NEE), Short Interest Report

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