NEE vs D Stock Comparison: AI Score, Valuation, Performance and Upside
NEE (NextEra Energy) and D (Dominion Energy) are both major U.S. electric utilities but with very different strategic profiles — NextEra is a growth utility with the world's largest renewable energy business and Florida's population growth tailwind providing consistent 10% dividend growth, while Dominion is a restructured regulated utility with the unique advantage of serving Northern Virginia's extraordinary data center load growth and pursuing a major offshore wind project. NextEra is the premium renewable energy compounder; Dominion is the data center load growth utility in recovery.
NEE vs D is premium renewable energy utility compounder (NextEra's world-leading wind/solar development capability paired with FPL's growing Florida regulated base generating consistent 10%+ dividend growth) versus data center electricity load growth utility in strategic recovery (Dominion's extraordinary Northern Virginia data center electricity demand providing structural load growth while CVOW offshore wind and grid investment rebuild earnings) — proven renewable compounder versus data center infrastructure utility.
NEE holds the edge across 3 of 5 key metrics in this comparison. D leads on both 1-year return (+27.23%) and forward P/E (17.93x vs 19.71x for NEE), a relatively favorable combination of momentum and valuation. On fundamentals, D is growing revenue faster (23.10%), while NEE maintains the higher operating margin (30.18%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for NEE (+14.01%) than for D (+1.23%).
- →Want the world's largest renewable energy utility with a proven 10%+ annual dividend growth track record driven by Florida's population growth and NEER's renewable energy project pipeline
- →Value NextEra's scale advantages in wind and solar development as enabling larger projects at lower costs than smaller renewable developers
- →Prefer NextEra's consistent execution history and premium utility growth profile for a core regulated utility holding with renewable energy development upside
- →Want a regulated utility with extraordinary structural electricity demand from Northern Virginia's data center corridor — the world's highest density of hyperscale data centers creates unprecedented load growth for Dominion's service territory
- →Value Dominion's large-scale CVOW offshore wind investment as potentially creating significant long-term clean energy revenue if successfully executed
- →See Dominion's post-restructuring positioning as a more focused regulated utility at a more attractive valuation versus NextEra's premium multiple, with data center load growth as a compelling differential
| Metric | NEE | D |
|---|---|---|
| AI score | 50.1 | 39.3 |
| AI rank | #468 | #1175 |
| Latest close | $86.75 | $68.41 |
| 1M return | -3.68% | +0.41% |
| 6M return | +8.05% | +13.81% |
| 1Y return | +20.72% | +27.23% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | NEE | D |
|---|---|---|
| 1Y ago | $12.12K (+21.2%) started 2025-06-18 | $12.63K (+26.3%) started 2025-06-18 |
| 5Y ago | $14.17K (+41.7%) started 2021-06-21 | $12.77K (+27.7%) started 2021-06-21 |
| 10Y ago | $44.32K (+343.2%) started 2016-06-20 | $21.17K (+111.7%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
| Metric | NEE | D |
|---|---|---|
| Market cap | $180.93B | $60.17B |
| Trailing P/E | 22.02 | 20.18 |
| Forward P/E | 19.71 | 17.93 |
| Price/Sales | 5.88 | N/A |
| EV/Revenue | 10.58 | 6.74 |
| Analyst target | $98.90 | $69.25 |
| Target upside | +14.01% | +1.23% |
| Metric | NEE | D |
|---|---|---|
| Revenue growth | 7.30% | 23.10% |
| Earnings growth | 160.00% | -10.20% |
| EPS growth | +160.00% | -10.20% |
| FCF margin | -66.22% | -57.01% |
| Operating margin | 30.18% | 28.75% |
| Profit margin | 29.37% | 16.93% |
| ROIC proxy | 10.32% | 9.79% |
| Return on equity | 10.32% | 9.79% |
| Dividend yield | 2.87% | 3.90% |
| Beta | 0.67 | 0.64 |
| Debt/equity | 156.69 | 154.90 |
| Current ratio | 0.54 | 0.78 |
| Quick ratio | 0.34 | 0.32 |
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | NEE | D |
|---|---|---|---|
| 1Y | Growth | +21.21% | +26.26% |
| CAGR | +21.24% | +26.31% | |
| Sharpe ratio | 0.75 | 1.01 | |
| Max drawdown | 14.53% | 10.72% | |
| Max daily drop | 6.09% | 3.72% | |
| Max wkly drop | 7.21% | 6.82% | |
| 5Y | Growth | +28.32% | +6.59% |
| CAGR | +5.12% | +1.29% | |
| Sharpe ratio | 0.15 | -0.03 | |
| Max drawdown | 44.97% | 52.20% | |
| Max daily drop | 8.97% | 6.36% | |
| Max wkly drop | 22.71% | 12.49% | |
| 10Y | Growth | +247.53% | +34.18% |
| CAGR | +13.27% | +2.99% | |
| Sharpe ratio | 0.44 | 0.05 | |
| Max drawdown | 44.97% | 52.20% | |
| Max daily drop | 13.42% | 12.31% | |
| Max wkly drop | 24.36% | 18.40% |
| Category | NEE | D |
|---|---|---|
| Company | NextEra Energy, Inc. | Dominion Energy, Inc. |
| Sector | Utilities | Utilities |
| Industry | Utilities - Regulated Electric | N/A |
| Core business | NextEra Energy is the world's largest generator of renewable energy from wind and solar — operating through two primary businesses: Florida Power & Light (FPL, regulated electric utility serving 6 million customers in Florida) and NextEra Energy Resources (NEER, the nation's largest wind and solar energy developer and operator selling renewable electricity under long-term power purchase agreements to utilities). NextEra also owns NextEra Energy Partners (NEP), a publicly traded partnership holding clean energy projects. | Dominion Energy is a regulated electric and gas utility serving approximately 4.5 million electric customers and 500,000+ gas customers in Virginia and North Carolina — following a strategic restructuring that sold its gas transmission and storage business (Cove Point LNG, Questar Gas) and other non-core assets. Dominion's Virginia utility (Dominion Energy Virginia) is making large investments in offshore wind (Coastal Virginia Offshore Wind — CVOW project) and data center electrical infrastructure for Virginia's Northern Virginia data center corridor. |
| Investor focus | Investors track FPL's regulated earnings growth (driven by Florida customer growth and rate base investment), NEER's renewable energy project pipeline and backlog (contracted megawatts of solar and wind), power purchase agreement pricing trends, and NEE's dividend growth trajectory (consistently 10%+ annual dividend increases over 10 years). | Investors track Dominion's earnings recovery after strategy resets and restructurings, the CVOW offshore wind project execution (one of the largest U.S. offshore wind projects), data center load growth in Northern Virginia (one of the world's largest data center markets), and dividend sustainability following the 2020 dividend cut. |
- →World's largest wind and solar operator providing renewable scale advantage — NextEra's massive renewable project development capability (deploying gigawatts annually) creates cost advantages through supplier relationships, standardized engineering, and operational expertise that smaller developers cannot match
- →Florida Power & Light benefits from Florida's population growth tailwind — FPL serves Florida's fastest-growing service territory; population growth drives customer additions and load growth without requiring market-share competition
- →Consistent 10%+ annual dividend growth track record — NextEra has grown its dividend at approximately 10% annually for over a decade, attracting income-oriented institutional investors who value dividend growth predictability
- →Northern Virginia data center corridor provides extraordinary load growth — Dominion's service territory includes Northern Virginia (Loudoun County, Ashburn, Prince William County), home to one of the world's highest concentrations of hyperscale data centers; this electricity load growth is structural and durable as AWS, Microsoft, Google, and Meta continuously expand AI compute infrastructure
- →Virginia regulatory environment supports large capital investment recovery — Virginia's State Corporation Commission and legislative environment generally allows utilities to earn returns on large capital projects (offshore wind, grid modernization) through cost-of-service regulatory mechanisms
- →CVOW offshore wind project uniquely positioned in Atlantic wind resource — Coastal Virginia Offshore Wind's location off Virginia Beach in the Atlantic Ocean has excellent wind resources; if successfully executed, CVOW could become a significant clean energy revenue source
- →NEER renewable project return compression as competition intensifies — as more developers enter wind and solar, project returns have compressed; maintaining NEER's earnings growth requires deploying increasing amounts of capital at potentially lower returns
- →Interest rate sensitivity — NextEra carries significant debt to finance renewable energy projects; higher interest rates increase financing costs and reduce renewable project economics
- →NextEra Energy Partners (NEP) distribution cuts and LP unit weakness — NEP cut its distribution in 2023, creating concerns about the MLP structure's sustainability and raising questions about NextEra's financial engineering complexity
- →Dividend recovery credibility after the 2020 cut — Dominion cut its dividend by 33% in 2020 as part of a strategic restructuring; while the dividend has been maintained since, rebuilding investor trust and growing the dividend from a reduced base takes time
- →CVOW project execution and cost risk — offshore wind construction is technically complex; cost overruns and execution delays in CVOW could impair returns and require rate case settlements with Virginia regulators
- →Interest rate and capital cost sensitivity — Dominion's large capital program (offshore wind, grid investment for data centers) requires significant debt and equity financing; higher interest rates increase capital costs
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