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Dominion Energy ( (D) ) just unveiled an update.
On January 16, 2026, the U.S. District Court for the Eastern District of Virginia granted Dominion Energy and its subsidiary Virginia Electric and Power Company a preliminary injunction, allowing construction work on the Coastal Virginia Offshore Wind (CVOW) project to resume despite a December 22, 2025 federal order that had called for a 90-day suspension. With the injunction in place, Dominion will restart activities on the 176-turbine, 2.6-gigawatt offshore wind project—designed to power up to 660,000 homes—while its legal challenge to the Bureau of Ocean Energy Management’s suspension proceeds, preserving momentum on a flagship asset that is central to the company’s diversified energy strategy and its positioning as a major player in U.S. offshore wind.
The most recent analyst rating on (D) stock is a Hold with a $65.00 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 held back primarily by negative free cash flow and weakening profit margins, alongside a technically weak setup (below key moving averages and negative MACD). These are partially offset by improved leverage, stable (unchanged-midpoint) guidance with supportive demand trends, and an attractive dividend yield, while the offshore wind suspension adds incremental near-term risk.
To see Spark’s full report on D stock, click here.
More about Dominion Energy
Dominion Energy (NYSE: D), headquartered in Richmond, Virginia, is a regulated utility providing electricity to 3.6 million customers in Virginia, North Carolina and South Carolina, and natural gas service to 500,000 customers in South Carolina. The company is a leading U.S. developer and operator of regulated offshore wind and solar projects and the largest producer of carbon-free electricity in New England, reflecting its strategic focus on reliable, affordable and increasingly clean energy solutions.
Average Trading Volume: 6,104,423
Technical Sentiment Signal: Buy
Current Market Cap: $52.2B
Learn more about D stock on TipRanks’ Stock Analysis page.