This Utility Stock is Well-Positioned to Benefit from the AI Boom

Yahoo

6 hours ago

Dominion Energy, Inc. (NYSE:D) is counted among the Best Nuclear Energy Stocks to Buy Right Now. The company is well-positioned to take full advantage of the ongoing AI boom as it serves the world's largest cluster of data centers in northern Virginia. Moreover, it is currently building a large offshore wind farm in the state to make sure it can meet the added demand that AI will create. The project is scheduled for full completion at the end of next year.
A Nuclear power plant with all its safety & security protocols in place.
Dominion Energy, Inc. (NYSE:D) announced in its Q1 2025 earnings call that it has about 40 GW of data center capacity in various stages of contracting, including what is now approximately 10 GW of capacity contracted under electric service agreements. Earlier this year, the company updated its capital investment forecast from 2025 through 2029 to $50 billion, which should grow its earnings per share by 5% to 7% annually.
Dominion Energy, Inc. (NYSE:D) recently signed a deal with Naval Weapons Station Yorktown to explore building a small modular reactor (SMR) and other alternative energy options, such as a solar farm, on the base. This comes after the company also signed an MoU with Amazon last year to explore developing an SMR near the Dominion's North Anna nuclear station in Louisa County, Virginia.
Dominion Energy, Inc. (NYSE:D) provides regulated electricity and natural gas services in the United States. The company also operates several nuclear power stations in the country.
While we acknowledge the potential of D as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.