Joshua Buckman ‘23 pitched NextEra Energy (NYSE: NEE) on March 27, 2023. NextEra Energy is one of the largest utility companies in the world and a leader in the renewable energy industry. The company was founded in 1925 and is headquartered in Juno Beach, Florida. NextEra Energy owns two main subsidiaries: Florida Power and Light and NextEra Energy Resources. Florida Power and Light (FPL) is America’s largest electric utility and provides clean, affordable, and reliable electricity to more than 12 million people across Florida. NextEra Energy Resources is the world’s largest generator of solar and wind renewable energy and is also a world leader in battery storage. NextEra Energy’s vision is to provide Americans clean and reliable energy when and wherever they need it. As the industry leader in affordable energy, NextEra Energy is well positioned to achieve its vision for the future. The company is also a leader in environmental, social, and governance practices and has continued to push the boundaries for decarbonizing America. Josh’s investment thesis focused on NextEra Energy’s ability to outperform the market during times of economic uncertainty and their strong renewable energy, EPS, and dividend growth outlook. SMIF voted to buy an additional 165 shares of NextEra Energy (NEE) funded by the sale of 190 shares of the Utility sector ETF (XLU).