TD Cowen Raises Dominion Energy (D) Price Target to $69

Dominion Energy, Inc. (NYSE:D) is among the 11 Most Undervalued Renewable Energy Stocks to Invest In.

Dominion Energy, Inc. (NYSE:D) is among the most undervalued renewable energy stocks to invest in. On February 25, TD Cowen raised the firm’s price target on Dominion Energy to $69 from $65 while maintaining a Hold rating on the shares. The firm noted that Dominion introduced 2026 earnings guidance of $3.45 to $3.69 per share and increased its five-year capital investment plan by roughly $15 billion. Management also reaffirmed its long-term earnings growth target of 5% to 7%, with the company expecting to reach the upper half of that range beginning in 2028 as infrastructure investments and regulatory initiatives take effect.

Previously, on February 20, Morgan Stanley increased its price objective on Dominion Energy, Inc. (NYSE:D) to $67 from $63 while maintaining an Equal Weight rating. The firm said it raised price estimates across North American regulated utilities, diversified utilities, and independent power producers under its coverage. Analysts noted that the utility sector lagged the performance of the S&P 500 during January. Morgan Stanley’s fourth-quarter preview suggested that earnings calls would likely include balanced discussions about the rapid expansion of data center pipelines, particularly in the context of electricity affordability and political considerations surrounding power demand growth.

Dominion Energy, Inc. (NYSE:D) provides regulated electricity service to approximately 3.6 million homes and businesses across Virginia, North Carolina, and South Carolina. The company also supplies regulated natural gas service to roughly 500,000 customers in South Carolina. Dominion Energy has been actively transitioning from a traditional utility model toward becoming a significant player in renewable energy, with major investments in solar, wind, and nuclear power aimed at achieving net-zero emissions over the long term.

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