NextEra Energy, Inc. (NYSE:NEE) is listed among the 12 Best Stocks to Buy for the Long Term, with Argus raising its price target to $92 and reaffirming a Buy rating after Q4 earnings beat expectations. The company is considering expanding its nuclear fleet to meet rising electricity needs from data centers.

Last year, NextEra announced plans to restart the Duane Arnold nuclear plant in Iowa to support Google’s data center operations. Management has indicated potential for adding up to 6 gigawatts of new nuclear technologies at existing sites to serve data center customers.

NextEra Energy reported fourth-quarter profit that narrowly topped Wall Street’s expectations, driven by steady growth in regulated Florida utility and record renewable energy and battery storage additions. Florida Power & Light, the company’s regulated utility, saw net income rise to $958 million due to higher capital investment.

With roughly 20 gigawatts of data center customers in Florida seeking to connect to its grid, NextEra Energy is positioned for future growth. The company operates across regulated utilities, renewables, transmission, and advanced energy solutions, making it a major player in electric power generation and energy infrastructure.

Read more at Yahoo Finance: Argus Sees Long-Term Growth Tailwinds Building at NextEra Energy (NEE)