Data center demand in Virginia is now showing up in the numbers: the utility arm's operating earnings rose to $862 million, with guidance set to the top half of its range. The open question is the NextEra merger, with Virginia regulatory staff already recommending rejection as proposed.
Latest Activity
A 4.2% climb to $82.08 adds roughly $7 billion in market value, and utilities this size rarely move that far in a single session. Worth watching whether the gain holds into the close.
Management held full-year adjusted EPS guidance at $3.92 to $4.02 and is targeting the high end, even with revenue missing expectations. The backlog reached roughly 36.7 GW of renewables and storage, with data center demand still pulling. Keep an eye on the stock as the Dominion Energy combination moves through state regulators.
NEE Coverage
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