Stardust Power Closes Business Combination and Set to Begin Trading on Nasdaq
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 08 2024
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Should l Buy D?
Source: Newsfilter
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Analyst Views on D
Wall Street analysts forecast D stock price to rise
12 Analyst Rating
2 Buy
9 Hold
1 Sell
Hold
Current: 64.230
Low
59.00
Averages
64.36
High
70.00
Current: 64.230
Low
59.00
Averages
64.36
High
70.00
About D
Dominion Energy, Inc. provides regulated electricity service to about 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina. It is a developer and operator of regulated offshore wind and solar power and the producer of carbon-free electricity in New England. Its Dominion Energy Virginia segment is composed of Virginia Power’s regulated electric transmission, distribution, and generation operations, which serve homes and businesses in Virginia and North Carolina. Its Dominion Energy South Carolina segment consists of DESC’s generation, transmission, and distribution of electricity to customers in the central, southern and southwestern portions of South Carolina and the distribution of natural gas to residential, commercial and industrial customers in South Carolina. Its Contracted Energy segment includes non-regulated electric generation fleet and renewable natural gas operations.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Earnings Release Announcement: Dominion Energy is set to release its fourth-quarter earnings before the market opens on February 23, with analysts projecting earnings of 67 cents per share, an increase from 58 cents in the same period last year, indicating improved profitability.
- Revenue Growth Expectations: The expected quarterly revenue is $3.65 billion, up from $3.4 billion last year, reflecting the company's stable growth and business expansion in the market.
- Dividend Declaration: On January 23, Dominion Energy declared a quarterly dividend of 66.75 cents per share, demonstrating the company's commitment to returning value to shareholders and boosting investor confidence.
- Stock Performance: As of last Friday, Dominion Energy's shares rose by 0.8% to close at $65.96, indicating positive market sentiment ahead of the earnings report.
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- Project Progress: Dominion Energy's investments in offshore wind are advancing, indicating a strong positioning in the renewable energy market, which is expected to enhance future revenue streams for the company.
- Strong Portfolio: The company boasts a robust offshore wind portfolio that is anticipated to bolster its competitiveness in the renewable energy sector, further solidifying its market position.
- Legal Challenges: The Trump administration's plan to appeal court losses on offshore wind rulings may impact Dominion Energy's project timelines, but it could also provide a clearer policy environment for future developments.
- Market Attention: As Dominion Energy's offshore wind projects progress, market attention on its future performance is increasing, prompting investors to reassess the investment value of its stock.
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- Fear Index Rises: The CNN Fear & Greed Index recorded a reading of 38.4 on Monday, down from 44.4, indicating a shift towards fear in market sentiment, which may weaken investor confidence and negatively impact stock performance.
- Weak Stock Performance: The Dow Jones fell over 800 points on Monday, closing at 48,804.06, while the S&P 500 dropped 1.04% to 6,837.75, and the Nasdaq Composite declined 1.13% to 22,627.27, reflecting negative impacts from AI-related credit concerns and trade uncertainties.
- Economic Data Improvement: The Chicago Fed National Activity Index surged to +0.18 in January from -0.21, marking its highest level since February 2025, while the Dallas Fed's manufacturing index rebounded from -1.2 to 0.2, indicating signs of economic recovery that could support the market.
- Mixed Sector Performance: Major sectors in the S&P 500 showed mixed results, with consumer discretionary, financial, and industrial stocks suffering the largest losses, while consumer staples and healthcare stocks gained, highlighting varying market reactions that could influence investment strategies.
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- Dow Jones Decline: On Monday, the Dow Jones index fell over 700 points, a decline of 1.46% to 48,901.83, reflecting market concerns about economic outlook and potentially diminishing investor confidence.
- Earnings Beat Expectations: The company reported operating earnings of 68 cents per share, exceeding the consensus estimate of 67 cents and up from 58 cents a year earlier, indicating improved profitability.
- Significant Revenue Growth: Total operating revenue rose to $4.093 billion, surpassing analyst expectations of $3.653 billion and increasing by 20.38% year-over-year, demonstrating enhanced competitive strength in the market.
- Commodity Market Fluctuations: On Monday, oil prices fell by 0.3% to $66.26, while gold rose by 2.9% to $5,225.90, indicating investors are seeking safe-haven assets amid uncertain market conditions.
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- Strong Earnings Performance: Dominion Energy reported operating earnings of $0.68 per share, exceeding the consensus estimate of $0.67 and up from $0.58 a year earlier, indicating a sustained improvement in profitability.
- Robust Revenue Growth: The company’s total operating revenue reached $4.093 billion, surpassing analyst expectations of $3.653 billion and reflecting a 20.38% year-over-year increase, showcasing its competitive position and business expansion capabilities.
- Segment Performance: Operating earnings from Dominion Energy Virginia rose to $536 million from $440 million a year ago, while South Carolina's earnings increased from $102 million to $106 million, demonstrating solid growth across regions.
- Optimistic Outlook: Dominion Energy expects operating earnings per share of $3.45 to $3.69 for 2026, maintaining a long-term growth guidance of 5% to 7%, reflecting confidence in future development and commitment to ongoing investments.
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