Google announced a 25-year agreement to purchase carbon-free nuclear energy from the Duane Arnold Energy Center in Iowa, as part of a collaboration with NextEra Energy, which will acquire full ownership of the plant and aims to restart operations by the first quarter of 2029, pending regulatory approval.
This partnership highlights the growing intersection between big tech and clean energy, with nuclear power expected to support the rising electricity needs from artificial intelligence and cloud computing expansion in the Midwest.
We’ll explore how acquiring and restarting a nuclear plant for a major tech customer could reshape NextEra Energy’s long-term outlook.
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To be a shareholder of NextEra Energy, you need to believe in sustained electricity demand growth driven by trends like AI, data center expansion, and electrification, which are expected to support revenue growth and long-term value. The Google partnership to restart the Duane Arnold nuclear facility aligns with these tailwinds by aiming to secure stable, large-scale 24/7 clean energy sales, but it does not materially change the nearer-term focus on rising interest costs or regulatory uncertainty, which remain foremost risks.
Among recent developments, NextEra’s Q3 2025 earnings highlighted strong year-over-year sales and net income growth, with revenue up roughly 5% and EPS improvement quarter-on-quarter, reflecting some resilience despite ongoing cost pressures. This continued dividend stability and consistent increases also reinforce the baseline catalyst: robust demand and constructive policy visibility underpinning project returns, but long-term margin pressures from higher rates and regulatory challenges remain an open question.
By contrast, investors should be aware that persistent high financing costs could …
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NextEra Energy’s outlook anticipates $35.9 billion in revenue and $9.4 billion in earnings by 2028. This projection rests on a yearly revenue growth rate of 11.5% and an increase in earnings of $3.5 billion from the current $5.9 billion.
Uncover how NextEra Energy’s forecasts yield a $86.79 fair value, in line with its current price.
Some of the highest analyst estimates reflect a far more optimistic view, forecasting NextEra’s revenues to reach US$40.1 billion and earnings of US$10.7 billion by 2028. These forecasts assume that aggressive investment in nuclear and storage, like the Duane Arnold restart, could accelerate growth and margins even more than consensus expects. Keep in mind: opinions on future results can differ widely and new developments may lead analysts to update these projections, so explore several viewpoints before making up your mind.
