NextEra Energy Vs. AES Corporation: Utility Scale Energy Production Just Got a Major Blue Boost
A 24/7 Wall St. article by Alex Sirois compares two ways to profit from data center power demand: NextEra Energy beat earnings estimates, added 3.7 gigawatts to its backlog, is restarting the Duane Arnold nuclear plant, and is pursuing a merger with Dominion Energy, while AES agreed to a cash buyout by GIP and EQT and now trades near the deal price. After Democrats won Congress and renewable stocks rallied on safer tax credits, the author sees NextEra still adding storage while AES's hold-rated stock offers little upside unless the buyout falls through.
