NextEra Is Buying Dominion To Build A Mega-Utility. The Market Hated It. I'm Buying The Dip.
Shares of NextEra (NEE), the largest U.S.
Based on WSJ reporting · Capital Wealth analysis by Sean Anees Saifi · June 11, 2026
High-voltage transmission lines and a power substation at dusk near a data-center campus.
The Story
Shares of NextEra (NEE), the largest U.S. utility, have fallen about 9% since it said it would buy Dominion Energy in a mostly-stock deal — creating a company more than double its size, with exactly the kind of data-center power exposure the AI build-out runs on. The Journal's own analysts called it a chance to "buy the dip on a top-notch utility." I agree. The deal pairs the best renewables operator in the country with a big regulated peer sitting right in the path of data-center demand.
What This Means For The Book
This is the trade I keep coming back to: you don't have to guess which AI model wins to profit from AI — you can own the electricity all of them need. NextEra got cheaper on a deal that makes it more important, not less. I reinforced NextEra (NEE) on the pullback and kept the broader power sleeve — the regulated utilities and independent power names — as a core, cash-generating way to play the same theme the chip stocks chase.
