Mark Roussin, CPA 对 $NEE 的判断变化
现在让我们进入第五只股票，即 NextEra Energy，股票代码为 NEE。这只股票与我们经常讨论的高增长公司相反，但我认为在进入股市最疲软的月份时，它也是一家值得考虑的好公司。
So, now let's move to stock number five, which is going to be Next Era Energy, stock ticker NE. This is a stock that's the opposite of the high growth companies we often discuss. But I also think it's a great company to consider heading into the weakest month for stocks.
NextEra 提供两个主要业务的敞口。首先是 Florida Power & Light，美国最大的受监管公用事业公司之一。其次是 NextEra Energy Resources，全球最大的可再生能源开发商之一。这是我喜欢称之为老派和新派能源产品的组合。
Next Era gives exposure to two primary businesses. First, Florida Power and Light, one of the largest regulated utilities in the United States. And second, Next Era Energy Resources, one of the world's largest renewable energy developers. It's a combo of what I like to call old school and new school energy offerings.
那么，是什么让 NEE 现在特别有趣？电力需求正在变化。多年来，美国电力需求相对停滞。这种情况正在因 AI 而改变。AI 带来更多数据中心，更多数据中心带来巨大的电力需求。此外，还有制造业回流也在发生。
所以，具有讽刺意味的是，我现在最喜欢的投资 AI 的方式之一不是另一家半导体公司，而是电力。
And what makes NE particularly interesting right now? Electricity demand is changing. For years, US electricity demand was relatively stagnant. That's changing because of AI. With AI brings more data centers. With more data centers brings huge power demands. Plus, you add in manufacturing reshoring that's also taking place. So, ironically, one of my favorite ways to invest in AI right now isn't another semiconductor company. its power.
NextEra 为我提供了可预测的受监管公用事业收益、可再生能源开发、能源基础设施以及快速增长电力需求的敞口。它还提供了我的投资组合需要的东西——多元化。如果九月如我所料变得动荡，投资者会从高倍数成长股中撤出。
像 NextEra 这样的公用事业公司给我带来完全不同的盈利特征。
Next era gives me predictable regulated utility earnings, renewable development, energy infrastructure, and exposure to rapidly growing electricity demand. It also provides something my portfolio needs, diversification. If September becomes volatile, as I expect, investors rotate away from high multiple growth stocks. A utility like Next Era gives me completely different earnings profile.
关于 NextEra，我在关注的是利率在这里至关重要。公用事业是资本密集型的。更高的利率会增加融资成本，并使支付股息的公用事业公司吸引力下降。因此，如果利率确实继续攀升，NextEra 可能继续承压。
但如果我相信电力需求正在进入结构性增长周期，那么我也想获得这种敞口。
So, here's what I'm watching as it relates to Next Era. Interest rates matter tremendously here. Utilities are capital intensive. Higher rates increase financing costs and make dividend paying utilities less attractive. So if rates do in fact continue climbing, Next Era could remain under pressure. But if I believe electricity demand is entering a structural growth cycle, well, I want exposure to that as well.
NextEra 的另一件事是，与大多数其他公司不同，它是一只支付股息的股票。正如你所看到的，该公司目前的股息收益率为 3%。在过去 5 年中，股息增长率一直保持在两位数，这正是我喜欢看到的。
至于分析师，我们可以看到该公司的平均 12 个月目标价约为每股 100 美元，意味着 25% 的上涨空间，再加上不断增长的 3% 股息收益率。把 NextEra 放在你的观察名单上。
The other thing that Next Era is the fact that it's a dividend paying stock unlike most of the others. And as you can see, the company currently yields a dividend of 3%. And over the past 5 years, the dividend growth rate has been double digits, which is what I love to see. And when it comes to analysts, we could see the company has an average 12-month price target of around $100 per share, implying 25% upside to go along with that growing 3% dividend yield. Keep Next Era on your watch list.
然后是 NextEra，电力、数据中心、基础设施。
And then there's next era, electricity, data centers, infrastructure.