Here is Why Dominion Energy (D) Fell This Week

The share price of Dominion Energy, Inc. (NYSE:D) fell by 1.83% between December 17 and December 24, 2025, putting it among the Energy Stocks that Lost the Most This Week.

Here is Why Dominion Energy (D) Fell This Week

Dominion Energy, Inc. (NYSE:D) provides regulated electricity service to 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina.

Dominion Energy, Inc. (NYSE:D) was dealt a blow on December 22 when the Trump administration suspended leases for five large offshore wind projects that are under construction off the US East Coast, including Dominion’s Coastal Virginia Offshore Wind project. The government has made the decision, citing national security concerns, warning that large turbines could interfere with military and aviation radar systems and make it hard to identify and locate security threats.

Expected to be completed next year, the Coastal Virginia Offshore Wind project is the largest project of its kind in the US. The 2.6 GW project is expected to meet the dramatically growing energy needs in Virginia, catering to the largest cluster of data centers in the world. Dominion Energy, Inc. (NYSE:D) has now received an order to halt work on the facility for 90 days, further delaying a project that has already been more than ten years in the works.

In other news, on December 16, Morgan Stanley analyst David Arco lowered the firm’s price target on Dominion Energy, Inc. (NYSE:D) from $65 to $62, but maintained its ‘Equal Weight’ rating on the shares.

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Disclosure: None.