Barclays and Jefferies have raised their price targets for NextEra Energy as the company pursues an all-stock acquisition of Dominion Energy [1, 2].

The deal positions NextEra to capture the growing power demands of artificial intelligence, specifically by expanding its footprint into Northern Virginia's data center hub [3, 4].

NextEra Energy announced the acquisition of Dominion Energy on May 18, 2026 [3, 7]. The valuation of the deal is reported as nearly $67 billion [4], though some reports place the figure at $66.8 billion [6].

Barclays increased its price target for the Florida-based company on May 26, 2026 [1, 2]. Jefferies also raised its target, citing the Dominion deal as a catalyst for growth [2]. Analysts said the move expands NextEra's regulated utility footprint, allowing it to better supply power to AI-driven data centers [2, 3].

NextEra Energy, headquartered in Juno Beach, Florida, will absorb Dominion Energy, which is based in Richmond, Virginia [3, 5]. The acquisition allows NextEra to integrate Dominion's existing infrastructure in regions critical to the tech industry [3].

Market interest in the company remains high, with 74 hedge-fund holders reported for NextEra Energy as of the first quarter of 2026 [1]. The stock has recently traded at over $90 per share, placing it near its 52-week high [8].

“The deal positions NextEra to capture the growing power demands of artificial intelligence.”

This acquisition represents a strategic pivot toward the infrastructure needs of the AI boom. By acquiring Dominion Energy, NextEra secures a critical foothold in Northern Virginia, the world's most dense concentration of data centers. The move transforms NextEra from a renewable energy leader into a dominant regulated utility provider capable of meeting the massive, constant electrical loads required by large-scale language models and cloud computing.