Market Overview - The S&P 500 index has reached a new all-time high, with the SPDR S&P 500 ETF Trust (SPY) up 5.3% in 2025 after hitting a 52-week low in April [1] - Technology stocks have driven the recent market rally, but utility stocks have also shown impressive gains, with the Utilities Select Sector SPDR Fund (XLU) up more than 7.7% this year [1] Utility Sector Insights - Utilities may not keep pace with technology stocks in a risk-on environment, but they offer steady income and lower volatility, appealing to certain investors [2] - NextEra Energy (NEE) has a strong business model with its regulated utility and renewable energy segments, despite facing potential cuts to renewable energy subsidies [3][4] - NextEra Energy's stock is projected to increase by 17%, with a current dividend yield of 3.16% [5] Company Profiles NextEra Energy - NextEra Energy serves over five million customers in Florida and is a major player in renewable energy generation [3][4] - The company is well-positioned to benefit from the growing electricity demand for AI data centers [5] American Electric Power (AEP) - AEP operates across 11 states, serving over 5.6 million customers, with 90% of its revenue from regulated operations, contributing to its stability [6][7] - AEP's stock has increased by 12.7% in 2025, with projected earnings growth of around 7% in the next 12 months and a dividend yield of 3.58% [9] Dominion Energy - Dominion Energy has undergone a transformation, with 90% of its revenue now from regulated utility operations, leading to a stock increase of 19.5% in the last 12 months [10][11] - The company has a refreshed dividend yield of 4.67% and is projected to have earnings growth of around 6% in the next 12 months [12]

Core Insights - Invenergy and Meta Platforms, Inc. have signed four additional clean energy agreements, adding 791 megawatts (MW) of solar and wind energy to their partnership, nearly doubling the total procured clean energy to 1,800 MW [1][3] - The new agreements will support Meta's operations, data center growth, and clean energy goals, with electricity delivered to the local grid and Meta receiving associated clean energy credits [3][5] - The agreements are part of a strategic initiative to meet rising energy demand with domestically produced electricity from four Invenergy-developed facilities across the U.S. [6] Company Overview - Invenergy is the largest privately held developer, owner, and operator of clean energy solutions in America, focusing on renewable energy generation, transmission, and storage [6] - The company has developed over 34,000 MW of projects, including natural gas, solar, and wind power generation, and has regional offices in multiple countries [7] Project Details - The new energy projects include: - Yellow Wood Solar Energy Center (OH) – 300 MW – Expected Commercial Operations 2027 - Pleasant Prairie Solar Energy Center (OH) - 140 MW – Expected Commercial Operations 2027 - Decoy Solar Energy Center (AR) - 155 MW – Expected Commercial Operations 2027 - Seaway Wind Energy Center (TX) - 196 MW – Expected Commercial Operations 2028 [7]