Three energy sector stocks to watch in 2024

The year 2024 brought many surprises in the financial markets, but one of the biggest was the unexpected recovery of the utility sector. This traditionally stable and defensive sector, which includes companies that provide essential services such as electricity, gas and water, experienced significant growth. Reasons include rising demand for electricity due to technological innovations, particularly in artificial intelligence (AI), support for clean energy and favourable interest rate conditions.

In this article, we therefore look at three major companies in the utility sector that are worthy of investor attention.

NextEra Energy $NEE: The renewable energy giant

One of the key companies in the utility sector is NextEra Energywhich combines traditional power generation with huge investments in renewable energy. The company is one of the leaders in wind and solar energy in the United States and is continually expanding its green energy capacity. The company benefits from government support…