NextEra Energy is currently the largest utility stock by market cap, valued at over $150 billion. The company has seen significant growth by expanding its electric utility in Florida and its renewable energy platform. With plans to invest $120 billion in America’s energy infrastructure over the next four years, NextEra Energy could potentially double in size. This growth is supported by a 8.3% compound annual adjusted earnings-per-share growth rate and a 10% annual dividend growth rate. The company is well-positioned to take advantage of the expected surge in U.S. power demand, making it a top utility stock to consider for long-term investment.

Investors are advised to consider the potential for NextEra Energy to double in size in the coming years, given its substantial investments in renewable energy and its strong market position. The company’s total return potential, which includes an expected 11% average annual return, makes it an attractive option for investors looking for long-term growth in the utility sector. However, it’s important to note that while NextEra Energy is a top utility stock, it was not included in the Motley Fool’s recent list of the 10 best stocks to buy now. Investors should carefully consider their options before making any investment decisions.

Read more at Nasdaq MarketSite: The Motley Fool Just Ranked the Biggest Utility Stocks. Here’s Why No. 1 Could Double Your Money.