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1 Top Energy Stock I Wouldn't Hesitate to Buy in June
We use a lot of energy each and every day to power our modern lives. From the gasoline that fuels our cars to the natural gas that heats our homes to the electricity that runs our devices, we can't function in our modern society without energy. Our need for energy in the country is only growing. According to forecasts by IHS Outlook and McKinsey, U.S. power demand will surge 55% by 2040, fueled by AI data centers, the onshoring of manufacturing, and the electrification of everything, including transportation. This forecast bodes well for energy companies. As a leader in the sector, NextEra Energy (NYSE: NEE) is in a strong position to capitalize on the country's growing demand for electricity. That's one of the reasons why I wouldn't hesitate to buy this top energy stock in June.Continue reading
We use a lot of energy each and every day to power our modern lives. From the gasoline that fuels our cars to the natural gas that heats our homes to the electricity that runs our devices, we can't function in our modern society without energy.
Our need for energy in the country is only growing. According to forecasts by IHS Outlook and McKinsey, U.S. power demand will surge 55% by 2040, fueled by AI data centers, the onshoring of manufacturing, and the electrification of everything, including transportation.
This forecast bodes well for energy companies. As a leader in the sector, NextEra Energy (NYSE: NEE) is in a strong position to capitalize on the country's growing demand for electricity. That's one of the reasons why I wouldn't hesitate to buy this top energy stock in June.
