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NextEra Energy (NEE): President Trump Approves Development of up to 10 Gigawatts of Natural Gas‑powered Generation
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NextEra Energy, Inc. (NYSE:NEE) is one of the Best Conservative Stocks to Buy Right Now. On March 20, the company stated that President Trump gave approval for developing up to 10 gigawatts of natural gas‑powered generation in Texas and Pennsylvania. This was done with respect to Japan’s $550 billion commitment to invest in the US, which was part of the trade deal between the US and Japan. Thanks to this, NextEra Energy, Inc. (NYSE:NEE) can now work on the development of reliable, large-scale power infrastructure. This can help in America’s growth and technological leadership. That being said, the investment remains subject to negotiation and execution of definitive documents by NextEra Energy, Inc. (NYSE:NEE) and several constituents, and its completion of development, construction, and commissioning of certain projects. The projects will be co-owned by Japan and the U.S. as per the joint trade agreement, and will be built and operated by the company. NextEra Energy, Inc. (NYSE:NEE) offers renewable energy. While we acknowledge the potential of NEE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts. Disclosure: None. Follow Insider Monkey on Google News.