NextEra (NYSE: NEE) is the largest electric utility holding company by market capitalization.
Last Friday, it briefly surpassed Exxon Mobile (NYSE: XOM) – a huge feat for the energy newbie, considering XOM has moved between the first and sixth largest company in the world for the past 20 years.
The world’s largest energy companies have traditionally come from the oil and gas sector – Chevron, Schlumberger, BP, to name a few. But that’s when oil was in high demand, running for $147.27 a barrel. Today, 12 years later, a barrel will run you under 40 bucks.
As people turn to more sustainable energy sources and COVID-19 picks at oil’s demand, the sector’s worth is decreasing.
Take the Energy Select Sector SPDR ETF (NYSE: XLE), for example. It houses the world’s largest oil and gas companies, and after tapping out at $101.52 in June 2014, it has plummeted to less than $30 today – dropping a whopping 70%.
Meanwhile, renewable energy companies like NEE are running sky-high.
Forget your typical oil trades – today, we’re going long-term.
(But if you want to hear about short-term plays, then click here to learn about the newest fast-money strategy I have my eye on.)
I’m going to show you a way to profit on these fast-growing renewable energy companies over the next three years, while the sector shoots skyward.
And I have all of the details on how to use this long-term strategy right here…