Dominion Shares Soar Premarket on Potential Acquisition by NextEra Energy

Published: 2026-05-18 05:34:20 ET NEE

Published on 05/18/2026 at 05:34 am EDT

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 [email protected]

(END) Dow Jones Newswires

05-18-26 0533ET