If you have ever lived in South Florida you are well familiar with the initials FPL.
As a matter of fact, if you lived in South Florida in the 80’s you likely complained about those 3 letters on a regular basis.
FPL, Florida Power & Light, is the largest vertically integrated rate-regulated electric utility in the US – as measured by retail electricity produced.
FPL is a subsidiary of NextEra Energy. NextEra, as the name suggests, is a company that is focused on clean energy.
Another subsidiary of NextEra is NextEra Energy Resources, LLC.
NextEra Energy Resources, and its affiliates, are the largest generator of renewable energy from wind and sun in the world!
You might not be surprised to hear that I expect the NextEra to get a boost from Biden’s infrastructure package…
And I am taking advantage of it!
Me and my subscribers in Options360.
Here is what I sent to subscribers this morning:
The stock looks like forming a bullish inverse head & shoulders with today’s pop above the right shoulder suggesting there could be a continuation.
It set up a good risk/reward entry point for a bull position.
Let’s use a conservative calendar
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To Your Success,
Steve