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Dominion Energy ( (D) ) just unveiled an update.
On January 30, 2026, Dominion Energy reported updated cost and timing guidance for its Coastal Virginia Offshore Wind (CVOW) project after a temporary suspension of work stemming from a December 2025 order from the U.S. Department of the Interior’s Bureau of Ocean Energy Management and the impact of tariffs. The estimated total project cost, including contingency but excluding financing, has risen from about $11.2 billion to approximately $11.5 billion, and full project completion is now expected in early 2027, though first power delivery remains targeted for the first quarter of 2026. Dominion said the project is roughly 71% complete, fully permitted at the state and federal levels, and positioned as a key, bipartisan-backed component of Virginia’s energy strategy, delivering nearly 3 GW to support AI and cyber demand, shipbuilding and military installations, while creating about 2,000 U.S. jobs and $2 billion in economic activity, which underscores both its strategic importance and the cost and schedule risks inherent in large offshore wind developments.
The most recent analyst rating on (D) stock is a Hold with a $69.00 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.
The score is primarily held back by pressured profitability and significantly negative free cash flow, despite improved leverage. Technicals are supportive with the stock trading above major moving averages and a positive MACD, while earnings commentary and recent legal developments around CVOW are net-positive but tempered by cost increases and execution risks. Valuation is balanced by a strong dividend yield alongside a middling P/E.
To see Spark’s full report on D stock, click here.
More about Dominion Energy
Dominion Energy is a U.S. regulated utility and energy company that generates, transmits and distributes electricity and natural gas, with a growing focus on large-scale clean energy projects such as offshore wind to support regional grid reliability and major demand centers, including data centers and critical military and industrial facilities in Virginia.
Average Trading Volume: 6,221,354
Technical Sentiment Signal: Buy
Current Market Cap: $51.84B
See more insights into D stock on TipRanks’ Stock Analysis page.