NextEra Energy Inc (NYSE:NEE) stock rose 0.30% (As on January 28, 11:34:33 AM UTC-4, Source: Google Finance) after the company is considering expanding its nuclear fleet to deliver electricity to data centers, with the giant U.S. power provider saying that it is in advanced discussions to power an additional 9 gigawatts of the server warehouses. Big Tech’s data centers are driving up U.S. power demand, leading to historic deals with the country’s electric utilities, including the revival of multiple shut nuclear power facilities. Last year, NextEra announced that it would restart its Duane Arnold nuclear power generating station in Iowa to serve Google data centers. The company narrowly beat Wall Street estimates for fourth-quarter profit, helped by steady growth at its regulated Florida utility and a record year for renewable energy and battery storage additions, as electricity demand surges across the United States.

Further, Power consumption in the U.S. is expected to hit fresh all-time highs in 2026 as data centers for AI and cryptocurrency expand and homes and businesses increasingly replace fossil fuels with electricity for heating and transportation, according to the Energy Information Administration. NextEra Energy Resources, the company’s renewable energy arm, added about 13.5 gigawatts of new generation and battery storage projects to its backlog in 2025, including 3.6 GW since the third-quarter call in October last year. The unit’s total backlog now totals roughly 30 GW. The segment reported a net income of $545 million in the fourth quarter, compared with a loss of $442 million a year ago. Florida Power & Light, NextEra’s biggest unit and the largest U.S. electric utility by customers, posted earnings of $958 million for the period.

NEE in the fourth quarter of FY25 has reported the adjusted earnings per share of 54 cents, beating the analysts’ estimates for the adjusted earnings per share of 53 cents, according to data compiled by LSEG. The company had reported the adjusted revenue of $6.5 billion in the fourth quarter of FY25, beating the analysts’ estimates for revenue of $6.73 billion.

NextEra reaffirmed its adjusted earnings forecast for 2026 to be between $3.92 and $4.02 per share and said it expects to grow adjusted earnings at an annual rate of 8% or more through 2032, while targeting dividend growth of about 10% per year through 2026. Analysts surveyed by FactSet expect EPS to be $4.01.