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Dominion Energy Challenges Suspension of Coastal Virginia Wind

Story Highlights
  • Dominion Energy protested a 90-day federal suspension of work on its major Coastal Virginia Offshore Wind project.
  • The company says the pause threatens grid reliability, jobs, and energy costs amid fast-growing regional power demand.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Dominion Energy Challenges Suspension of Coastal Virginia Wind

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The latest announcement is out from Dominion Energy ( (D) ).

On December 22, 2025, Dominion Energy responded to a U.S. Department of Interior Bureau of Ocean Energy Management order that immediately imposed a 90-day suspension of all work on the Coastal Virginia Offshore Wind project, in which its subsidiary Virginia Electric and Power Company owns 50% of OSW Project LLC. The company warned that halting the more-than-decade-in-development, 2,600-megawatt offshore wind project, located 27 to 44 miles off Virginia’s coast, risks undermining grid reliability for critical military, data center and civilian infrastructure, could drive up energy costs, and threatens thousands of jobs, while noting the project has longstanding military coordination, enjoys bipartisan support, and is central to meeting surging regional power demand under Virginia’s all-of-the-above energy strategy.

The most recent analyst rating on (D) stock is a Hold with a $64.00 price target. To see the full list of analyst forecasts on Dominion Energy stock, see the D Stock Forecast page.

Spark’s Take on D Stock

According to Spark, TipRanks’ AI Analyst, D is a Neutral.

Dominion Energy’s overall stock score is driven by its solid financial performance and positive earnings call highlights, including progress on strategic projects and reaffirmed guidance. However, technical indicators suggest bearish momentum, and liquidity concerns remain a risk. The attractive dividend yield and fair valuation provide some support to the stock’s appeal.

To see Spark’s full report on D stock, click here.

More about Dominion Energy

Dominion Energy, headquartered in Richmond, Virginia, is a regulated utility that supplies electricity to 3.6 million homes and businesses in Virginia, North Carolina and South Carolina, and natural gas to 500,000 customers in South Carolina. The company is a major U.S. developer and operator of regulated offshore wind and solar power and the largest producer of carbon-free electricity in New England, focusing on providing reliable, affordable and increasingly clean energy across its service territories.

Average Trading Volume: 5,594,012

Technical Sentiment Signal: Buy

Current Market Cap: $50.75B

For an in-depth examination of D stock, go to TipRanks’ Overview page.

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