Welcome to the first exciting issue of InvestorPlace's Red Hot Summer Stocks!

Over the next ten weeks we are going to make a lot of money together, investing in a rare breed of the best-of-the-best stocks, those that are recommended by multiple experts in the InvestorPlace family of services.

By owning these double- and triple-approved stocks, we'll be generating our own profits fireworks show, secure in the knowledge that we're only investing in the most stringently-selected consensus picks.

So, without any further delay, let's get right to our first Red Hot Summer Stock.

Buy This Top Green Energy Stock Now

Thanks in no small part to the new Obama administration, green energy is a top-of-mind issue in the world today. It seems that the "green" label is slapped on lots of companies, but let me tell you, there are precious few ways to safely profit from the move to cleaner energy.

While the name FPL Group (FPL) doesn't give much away as to what this gem of a company does, it's actually a leader in the generation of clean electricity, and a sure bet to be our first big hot stock winner together.

FPL produces electricity through all the usual suspects — natural gas, wind, nuclear, oil, hydro, and anything else that will move fast enough to generate a charge.

How "green" are they? According to FPL COO Jim Robo, "If every utility were as clean as FPL Group, CO2 emissions from the power sector would be reduced by nearly 50%."

This is exactly the kind of company green enthusiasts love and legislation is increasingly favoring.

In its quarterly report that came out in April, the company announced that first-quarter profits were up an incredible 46%! Earnings came in at 90 cents per share when analysts were only expecting 77 cents. To top is all off, FPL raised its earnings outlook for the year.

How many companies do you know delivering that kind of growth in this tough environment? As a result, this green stock is up a juicy 36% since the March lows, and it even pays a reliable 3.3% dividend to boot — the company hasn't missed a dividend payment since 1944.

NEXT: What Our Investing Experts Have to Say About This Green Energy Stock