--- title: "NextEra, Dominion Merger Expands Data Center Growth Opportunities, Morgan Stanley Says" type: "News" locale: "en" url: "https://longbridge.com/en/news/286939429.md" description: "Morgan Stanley reports that NextEra Energy's merger with Dominion Energy will create a $400 billion utility company, enhancing data center growth opportunities. The deal is expected to yield modest near-term earnings accretion and over 9% long-term EPS growth through 2035. NextEra shareholders will own 74.5% of the combined entity, which will have a pipeline of over 130 gigawatts of demand. Morgan Stanley maintains an overweight rating on NextEra and raises its price target to $115." datetime: "2026-05-19T15:14:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286939429.md) - [en](https://longbridge.com/en/news/286939429.md) - [zh-HK](https://longbridge.com/zh-HK/news/286939429.md) --- # NextEra, Dominion Merger Expands Data Center Growth Opportunities, Morgan Stanley Says 11:14 AM EDT, 05/19/2026 (MT Newswires) -- NextEra Energy's ( NEE/PW ) all-stock merger with Dominion Energy ( D ) is expected to create a $400 billion enterprise value utility and energy infrastructure company uniquely positioned to capitalize on the massive power demands of data centers, Morgan Stanley said in a report Tuesday. The deal offers "modest" near-term earnings "accretion" and supports projected long-term earnings per share growth of more than 9% through 2035, the firm said. NextEra shareholders will own roughly 74.5% of the combined company, the report noted. The investment bank said the main driver of the deal is sheer "scale," which is becoming critical as data centers grow larger and supply chains tighten. The combined entity is expected to boast a pipeline of more than 130 gigawatts of "large-load customer" demand, according to the report. Morgan Stanley maintained an overweight rating on NextEra Energy ( NEE/PW ) and raised its price target to $115 from $107, noting that the deal is expected to close within 12 to 18 months, pending federal and state regulatory approvals. Price: 89.01, Change: -0.04, Percent Change: -0.04 MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited. ### Related Stocks - [NEP.US](https://longbridge.com/en/quote/NEP.US.md) - [NEE.US](https://longbridge.com/en/quote/NEE.US.md) - [D.US](https://longbridge.com/en/quote/D.US.md) - [XLU.US](https://longbridge.com/en/quote/XLU.US.md) - [JXI.US](https://longbridge.com/en/quote/JXI.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [NEE-N.US](https://longbridge.com/en/quote/NEE-N.US.md) - [NEE-W.US](https://longbridge.com/en/quote/NEE-W.US.md) - [NEE-R.US](https://longbridge.com/en/quote/NEE-R.US.md) - [NEE-T.US](https://longbridge.com/en/quote/NEE-T.US.md) - [NEE-U.US](https://longbridge.com/en/quote/NEE-U.US.md) - [NEE-S.US](https://longbridge.com/en/quote/NEE-S.US.md) - [NEE-V.US](https://longbridge.com/en/quote/NEE-V.US.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) ## Related News & Research - [What NextEra and Dominion's giant utility merger means for your electric bill](https://longbridge.com/en/news/286827978.md) - [Combined NextEra-Dominion Would Have 130-GW Large-Load Pipeline](https://longbridge.com/en/news/286830722.md) - [NextEra Energy's $67 Billion Dominion Acquisition Will Make It the Dominant Power Player in the AI Era and a Must-Own Energy Stock](https://longbridge.com/en/news/286896538.md) - [FACTBOX-Some of the biggest power companies in US](https://longbridge.com/en/news/286914383.md) - [NextEra Energy to Acquire Dominion Energy in Stock-and-Cash Merger, 0.8138 Shares Plus Cash](https://longbridge.com/en/news/286764796.md)