This Energy Provider Is the Latest to Score Big AI Data Center Deals

Core Insights - NextEra Energy has secured agreements with Google and Meta Platforms to provide energy for AI data centers, indicating a strategic move to capitalize on the growing demand for electricity driven by AI technology [1][5] Group 1: Agreements and Collaborations - NextEra plans to collaborate with Google to develop energy infrastructure for data center campuses across the United States, while also utilizing Google Cloud AI for its own digital transformation [2] - Meta has signed contracts with NextEra for clean energy projects aimed at achieving its clean energy goals and expanding data center capacity [2] Group 2: Financial Outlook - NextEra has raised the lower end of its full-year profit forecast, now expecting adjusted earnings per share (EPS) of $3.62 to $3.70 for 2025, up from a previous range of $3.45 to $3.70 [4] - The company also increased its 2026 EPS forecast to a range of $3.92 to $4.02, compared to the earlier forecast of $3.63 to $4 [4] Group 3: Market Context - The AI boom has positively impacted stocks across various industries, including energy, as the demand for electricity is anticipated to rise [3] - Despite a 3% decline in NextEra's shares amid broader market losses, the stock has gained approximately 12% year-to-date, while Meta has increased by roughly 14% [4]