Dominion Energy: It May Be Woke, But It Won't Go Broke

Nov. 20, 2022 10:23 PM ETDominion Energy, Inc. (D)NEE, SO, WEC, DTE, ED87 Comments
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Summary

  • Dominion Energy, recently has been hit with a plethora of analyst downgrades given news of a top-to-bottom business review by management.
  • Ironically, this review was initiated by management to identify ways to lift the stock price. Mission failed. So far.
  • Dominion Energy has been lambasted for its ambitious renewable energy plans, which have been largely asked for by the states that it serves.
  • While the financial payoffs of these projects are yet to be determined, Dominion, in my opinion, is on solid financial footing, has a great demographic base to work with, and is currently trading at an attractive price for long-term investors.
Inflation Reduction Act Boosts Federal Spending On Renewable Energy

Chip Somodevilla/Getty Images News

Renewable energy has long been a hot-button issue in politics. With those on the far-left praising it as a panacea for all of the world's environmental problems and those on the far-right as a woke, value destroying waste of time and money. The

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Confoundedinterest profile picture
7.65K Followers
I work in the financial and property management industry for a well known, publicly traded "mini Berkshire" Insurance company. I focus on portfolio structure, value, reasonably priced growth, tech and biotech spaces. I passed the series 6 and 7 exams at age 18 but do not at this time have active licenses. I am not a licensed financial advisor and do not give out or publish investment advice. Articles I write are my opinion only and are not solicitations, please seek guidance from a licensed financial advisor before investing in any security. Opinions expressed in my articles are my own and do not reflect or indicate any positions or opinions held of my primary employer.

Disclosure: I/we have a beneficial long position in the shares of D, SO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: "I am not a licensed financial advisor. This is not a solicitation to buy or sell a specific security nor is it to be construed as investment advice, please contact your licensed financial and tax advisor for advice to your specific situation.
This article is an opinion piece only and should not be construed as fact or be represented as such, please perform your own due diligence prior to investing in this or any equity.”

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