Dominion Shares Soar Premarket on Potential Acquisition by NextEra Energy
By Joe Stonor
Shares in Dominion Energy jumped premarket on reports the company is nearing a sale to rival utility group NextEra Energy.
Dominion shares rose 12.5% to $69.44 premarket. Meanwhile, NextEra's stock slipped 0.8% premarket.
A sale of Virginia-based Dominion could be agreed on as soon as Monday, The Wall Street Journal reported. The deal would be mostly stock-based, and could be one of the largest deals of the year, the report said. The Financial Times had earlier reported on the talks.
Florida-based NextEra has a market value of close to $200 billion, around four times the size of Dominion.
The move comes as big tech companies race to build the energy-hungry data centers that power artificial intelligence, pushing electricity demand higher.
Higher demand has helped the stock of both companies so far this year. NextEra stock is up 16% so far this year, while Dominion's is 5.4% higher.
Neither Dominion Energy nor NextEra Energy immediately replied to a request for comment.
Write to Joe Stonor at josephmichael.stonor@wsj.com
(END) Dow Jones Newswires
May 18, 2026 05:33 ET (09:33 GMT)
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