Dominion Energy, Inc. (D)

In the upside scenario, probability 15.0%, target $80.60 delivering a return of 30.9% relative to $61.58, data center interconnection queues in Virginia accelerate beyond expectations, driving higher regulated capital additions and sustained load volume expansion. Coastal Virginia Offshore Wind achieves commercial operation on schedule and within approved cost caps, rolling into the rate base with complete prudence approval from the Virginia State Corporation Commission. Post-build capital intensity abates rapidly, allowing free cash flow to turn positive and supporting dividend expansion toward Potential value of $80.60.

• Accelerated hyperscale data center grid interconnections driving top-line revenue expansion
• Full rate-base inclusion of offshore wind assets without regulatory cost disallowances
• Rapid normalization of capital reinvestment following major construction milestones