:max_bytes(150000):strip_icc()/GettyImages-2211216264-4870cc5b1c544f749d46251c4ad19eb9.jpg "This Energy Provider Is the Latest to Score Big AI Data Center Deals")
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Key Takeaways
- NextEra Energy said Monday that it struck deals with Alphabet’s Google and Meta Platforms to support AI data centers.
- The energy provider also raised the lower end of its full-year profit forecast, and boosted its outlook for 2026.
NextEra Energy is raking in new deals to power AI data centers.
America’s largest energy infrastructure developer on Monday said it struck agreements with Alphabet’s (GOOGL) Google and Meta Platforms (META) to meet growing demand for energy to support AI data centers.
NextEra (NEE) said it plans to work with Google to build out energy infrastructure for data center campuses across the United States. As part of the deal, NextEra will also use Google Cloud AI to support its own “digital transformation” and deployment of AI.
Separately, NextEra said Meta signed contracts for clean energy projects meant to help the tech giant meet its clean energy goals, as well as build out data center capacity.
Why This Is Significant
The AI boom has lifted stocks across a wide range of industries this year, including energy as the technology is widely expected to raise demand for electricity. With its recent data center deals, NextEra is positioning itself as a beneficiary.
Financial terms of the deals were not disclosed, though the energy provider also raised the lower end of its full-year profit forecast, and boosted its outlook for 2026, according to a regulatory filing Monday.
NextEra said it now expects adjusted earnings per share of $3.62 to $3.70 for 2025, compared to $3.45 to $3.70 previously, and 2026 EPS of $3.92 to $4.02, up from an earlier forecast of $3.63 to $4.
Shares of NextEra slipped 3% Monday amid broader market losses, while Alphabet slid 2% and Meta lost 1%. Still, NextEra shares have added about 12% and Meta has climbed roughly 14% in 2025 so far. Alphabet shares are up close to 70% year-to-date.
