NextEra Energy (NEE) is trading above its 50-day and 200-day simple moving average (SMA), indicating a bullish trend. The company has seen steady share gains over the past year due to earnings beats in the last four quarters. The 50-day and 200-day SMAs are crucial indicators for traders to identify support and resistance levels.

NextEra Energy is outperforming the Utility Electric Power industry, Utilities sector, and S&P 500 in the past three months. The company benefits from strategic investments, acquisitions, a growing customer base, backlog of clean projects, and improved economic conditions in its service regions.

NextEra Energy is well-positioned to benefit from the increasing demand for clean energy in the U.S. The company’s investments in renewable assets, operational efficiency, and low cost structure support its competitive position. Despite trading at a premium compared to its industry, investors can consider adding NEE to their portfolio given its stable ROE and rising earnings estimates.

Read more at Nasdaq: NextEra is Trading Above 50 & 200 Day SMA: Is it Time to Add the Stock?