NextEra Energy gains on expansion of deal with Xcel Energy

Xcel Energy

04/02/2026 14:58

** Shares of U.S. utility NextEra Energy NEE.N rises 1.6% to $90.25

** Company's subsidiary signs a memorandum of understanding (MOU) with Xcel Energy to accelerate the delivery of generation resources to serve large load customers, including data centers

** MOU represents an expansion of a long-standing commercial relationship between XEL and NEE

** A formal joint development agreement is expected to be executed in the coming months

** Companies expect to support existing and new large load opportunities across Xcel Energy's service territories through improved collaboration on generation, storage and associated transmission investments

** Shares of XEL up ~1% to $76.4

** In 2025, NEE was up ~12%

 (Reporting by Dharna Bafna in Bengaluru)

 ((dharna.bafna@thomsonreuters.com))