Stock

# NextEra Energy (NEE)

A Florida-based power company building nuclear, gas and battery supply for large loads, with its Dominion Energy combination under review.

Updated Oct 29, 2026

Information and analysis only, not a recommendation to buy, sell or hold any security. The author may own securities discussed.

Researched and drafted with AI agents. Every figure is taken from a source cited on the page.

Analysis and information

## What it does

NextEra Energy, based in Juno Beach, Florida, calls itself the largest electric power and energy infrastructure company in North America. It owns Florida Power & Light, which serves about 12 million people. It also owns NextEra Energy Resources, which develops and runs power plants and other energy infrastructure.

## Role in the theme

In **Power for data centers**, NextEra builds generation for large-load hubs and contracts its nuclear output. It has definitive agreements for three federal hub projects, two in Texas and one in Pennsylvania, of about 16.5 GW. It plans up to 2 GW of gas and up to 2.6 GW of batteries for a data center campus at the Department of Energy's Paducah Site in Kentucky. It has 30 potential hubs in discussion.

## Latest

- **2026-10-21, Q3 results:** adjusted earnings of $1.24 per share, up 9.7%, and GAAP earnings of $2.28 per share. It kept 2026 adjusted guidance of $3.92-4.02 per share and aims for the high end.
- **2026-10-21, backlog:** it added 3.7 GW of renewables and storage, including 2.4 GW of batteries. The backlog is about 36.7 GW.
- **2026-10-21, nuclear:** it signed a 20-year agreement for about 1 GW of its Point Beach nuclear plant in Wisconsin. The deal needs approval from the Public Service Commission of Wisconsin. The plant's full output is now contracted into the 2050s.
- **2026-10-21, nuclear restart:** it closed a DOE loan of up to $1.9 billion for the Duane Arnold plant in Iowa. The plant is set to return to service no later than the first quarter of 2029.
- **2026-10-21, Dominion Energy:** investors in both companies approved the combination on 2026-09-03. Hearings are set in Virginia in November and South Carolina in December, with final orders expected in January 2027. North Carolina hearings start in February 2027. The companies expect to close in the second half of 2027.

## What to watch

- The Virginia hearing on the Dominion Energy combination in November.
- Wisconsin's decision on the Point Beach agreement.
- New hub agreements from its list of 30 potential hubs.
- Next report: date not confirmed.

## Covered in

- Theme: [Power for data centers](/research/themes/power-data-centers)

## Sources

Primary means the publisher of the data or the filing; secondary means press or an aggregator.
- [NextEra Energy third quarter 2026 results](https://www.sec.gov/Archives/edgar/data/753308/000075330826000077/neeq32026exhibit99.htm)Primary 2026-10-21
[All research](/research)[All signals](/signals)[Back to today's read](/)