NextEra Energy Stock Drops After Announcing $67 Billion Acquisition of Dominion Energy
Shares of NextEra Energy (NEE) fell after announcing a $67 billion all-stock acquisition of Dominion Energy (D). The stock dropped nearly 5% on the announcement, while Dominion's shares rose about 9%. Analysts are questioning whether the premium paid is justified given current valuations in the utility sector.
Topics: energy stock_movement takeover utilities