2 Green Energy Stocks to Buy in February

Core Insights - Enbridge and Dominion Energy are both involved in the green energy transition but have different approaches, with Enbridge focusing on midstream infrastructure and Dominion on decarbonizing its power generation fleet [1] Group 1: Dominion Energy - Dominion Energy serves over 3.6 million customers in Virginia, North Carolina, and South Carolina, benefiting from increased demand due to data center growth [2] - The company generates over 2,500 megawatts from renewable projects, enough to power 625,000 homes, and is the largest producer of carbon-free electricity in New England [2] - In Q3, Dominion's EPS rose 6% year over year to $1.16, with operating earnings increasing 10% to $921 million, and management expects annual EPS growth of 5% to 7% through 2029 [5] - Dominion's $50 billion five-year capital plan allocates over 80% for zero-carbon power generation and grid modernization [5] - The company has a market cap of $53 billion, with a dividend yield of 4.28% and a payout ratio of around 87% [3] Group 2: Enbridge - Enbridge operates the world's longest crude oil and hydrocarbon liquids pipeline system, which accounts for about 60% of its revenue [6] - The company is also the largest natural gas utility franchise in North America, contributing nearly 20% to its revenue [7] - Enbridge's renewable energy segment, while the smallest, is the fastest-growing, with Q3 EBITDA rising 16% year over year to $100 million [9] - The company has significant renewable projects underway, including a $1.1 billion solar project in Texas [9] - Enbridge's adjusted EBITDA rose 9% year over year to $14.7 billion in the first nine months of 2025, with a dividend yield of about 5.4% [10][11] Group 3: Investment Considerations - Dominion Energy is positioned as a pure-play utility green energy stock, actively retiring fossil fuel plants and expanding its renewable energy portfolio [12] - Enbridge is viewed as a high-yield energy investment, leveraging cash flows from its traditional operations to fund growth in renewables and carbon capture [13]