Dominion Energy Inc. (NYSE:D) is a prominent player in the utility sector, focusing on providing electricity and natural gas to millions of customers across the United States. The company is known for its commitment to clean energy, with significant investments in renewable energy sources. Dominion competes with other major utility companies like Duke Energy and Ameren Corporation.
On October 27, 2025, Wells Fargo upgraded Dominion's stock rating to "Overweight" from "Equal-Weight," signaling increased confidence in the company's future performance. At the time of this announcement, Dominion's stock was priced at $60.80. This upgrade comes as the demand for AI-driven data centers boosts the nuclear energy sector, benefiting companies like Dominion.
The global capital expenditure on AI-powered data center infrastructure is projected to reach $7 trillion by 2030, as highlighted by McKinsey & Co. This surge is driving increased demand for power, positioning nuclear energy as a key player in meeting global electricity needs. Dominion, along with other utility companies, stands to benefit from this trend.
President Donald Trump's executive orders aim to quadruple the United States' nuclear capacity by 2050, further strengthening the nuclear sector. This policy shift supports Dominion's strategic focus on nuclear energy, aligning with the growing demand for electricity from data centers that operate continuously.
Currently, Dominion's stock is priced at $60.80, experiencing a slight decrease of 0.43%, or $0.26. The stock's price fluctuated between $60.30 and $61.35 during the trading day. With a market capitalization of $51.89 billion and a trading volume of 4,017,309 shares, Dominion remains a significant player in the utility sector.
