NextEra Energy Rallies Despite Big, Beautiful Bill's Blow to Clean Energy: Is the Stock Still a Buy?

President Donald Trump on July 4 signed into law the "big, beautiful bill," which rolls back over $200 billion in clean energy tax credits, in a move some have described as a "disaster" for the clean energy industry.Florida-based utility company NextEra Energy (NYSE: NEE), which provides 12 million people with electricity and is America's largest provider of clean energy, stands to lose potentially hundreds of billions of dollars in tax credits that directly offset as much as 60% of the cost of new clean energy projects. The stakes were so high for the company that its CEO, John Ketchum, penned an open letter pleading with Congress to preserve clean energy incentives.But a surprising thing has happened since the bill's passage: NextEra Energy shares have ticked up as part of a broader rally for clean energy stocks.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool