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NextEra Energy leads $22.3B Project Star gas-powered campus in Texas, launching 2029 with 6.47GW capacity.

Market News
02 Oct 2026
Danny Green
View Source
Neutral
NextEra Energy leads $22.3B Project Star gas-powered campus in Texas, launching 2029 with 6.47GW capacity.

NextEra Energy and partners are developing Project Star, a $22.3 billion natural gas-powered energy campus in Encinal, Texas, aimed at powering a large data center and supplying the grid. The campus will have 6.47 gigawatts of generation capacity, with initial operations expected by 2029. The project is set to create around 8,400 construction jobs and 170 permanent positions, supporting new energy demand and grid reliability. Despite strong financials, including $7.53 billion revenue and a 29.5% operating margin, analysts maintain a cautious view with a $56 price target on NextEra's stock.

NextEra Energy's stock trades at USD 77.00 on Pluang as of Oct 03, 2026 01:21 WIB, showing a modest 0.85% gain in the past day. The company holds a significant market cap of $159.26 billion, reflecting its large scale in the utilities sector. Despite the positive price movement, most Pluang users are selling, with 84% of order activity on the platform being sell orders.

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