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Why Is NextEra Energy Expected to Grow 15% in 2017?

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Industrials sector

The S&P 500 Industrials sector contains stocks related to manufacturing and distributing goods. It fell 0.99% on December 28. United Rentals (URI) and Illinois Tool Works (ITW) were the biggest losers in the industrials sector on December 28.

Waste Management (WM) is the largest non-hazardous waste collection and disposal company in Canada and the US. It closed the day flat by falling 0.04%. Recently, Waste Management increased its dividend to $0.43 per share. It has increased its dividend continuously for the past 14 years.

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Utilities sector

The S&P 500 Utilities sector fell for the third consecutive trading day. The utilities sector, which is considered a safe haven, fell 0.98% on December 28 amid the broad market sell-off. Dominion Resources (D) and NextEra Energy (NEE) were the stocks that fell the least in the utilities sector on December 28. NextEra Energy is one of the leading clean energy companies. It fell 0.5% on Wednesday. NextEra Energy is expected to be one of the stocks in the utilities sector that has growth potential in 2017. It’s expected to grow 15% in 2017 with a median price estimate of $136.67. Read Why NextEra Energy Could Be an Attractive Option for 2017 to learn more.

Energy sector

After starting the week on a positive note, the S&P 500 Energy sector fell due to the broad sell-off in the market. On December 28, the S&P 500 Energy sector fell 0.98%. Chesapeake Energy (CHK) and Diamond Offshore Drilling (DO) were the biggest losers in the energy sector on Wednesday. Chesapeake Energy is a petroleum and natural gas exploration company. It fell 4.7% on December 28. Recently, Chesapeake announced the sale of the second Haynesville package. Read Chesapeake Energy Announces Sale of Second Haynesville Package to learn about the sale of the Haynesville package, the impact on stock prices, and analysts’ recommendations for Chesapeake Energy.

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