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Rising cost of capital could upend NextEra's growth story -- and its dividend.
Before buying the dip on NextEra Energy (NEE 1.33%) or subsidiary NextEra Energy Partners (XIFR 2.28%), Motley Fool contributors Jason Hall and Tyler Crowe think investors should take a look at Clearway Energy (CWEN 1.88%) (CWEN.A 1.65%) and Allete (ALE 0.15%), an independent power producer and Midwestern utility that could yield greater returns.
*Stock prices used were from the morning of Nov. 28, 2023. The video was published on Dec. 2023.
Jason Hall has positions in Clearway Energy and NextEra Energy Partners. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends NextEra Energy. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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