NextEra Energy gains on expansion of deal with Xcel Energy

Shares of U.S. utility NextEra Energy NEE.N rises 1.6% to $90.25

Company's subsidiary signs a memorandum of understanding (MOU) with Xcel Energy to accelerate the delivery of generation resources to serve large load customers, including data centers

MOU represents an expansion of a long-standing commercial relationship between XEL and NEE

A formal joint development agreement is expected to be executed in the coming months

Companies expect to support existing and new large load opportunities across Xcel Energy's service territories through improved collaboration on generation, storage and associated transmission investments

Shares of XEL up ~1% to $76.4

In 2025, NEE was up ~12%