Entergy Partners with Meta for Data Center Support
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy ETR?
Source: NASDAQ.COM
- Stock Price Surge: Entergy Corporation (ETR) shares rose approximately 4% in Friday morning trading, currently priced at $107.97, reflecting a 4.99% increase from the opening price of $102.33.
- New Agreement: Entergy Louisiana has entered into an additional agreement with Meta to support a hyperscale data center in Northeast Louisiana, expected to deliver approximately $2 billion in customer savings over 20 years, enhancing the company's competitive edge.
- Historical Trading Range: Over the past year, Entergy's stock has traded between $75.57 and $107.93, with the current price nearing the yearly high, indicating strong market performance and investor confidence.
- Customer Savings: This agreement is expected to provide significant long-term economic benefits to Entergy Louisiana customers, in addition to the previously announced $650 million savings, further solidifying the company's position in the energy market.
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Analyst Views on ETR
Wall Street analysts forecast ETR stock price to fall
15 Analyst Rating
11 Buy
4 Hold
0 Sell
Moderate Buy
Current: 109.880
Low
86.00
Averages
103.87
High
115.00
Current: 109.880
Low
86.00
Averages
103.87
High
115.00
About ETR
Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. The Company operates primarily through a single segment, Utility. The Utility segment includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans. The Utility segment includes five retail electric utility subsidiaries: Entergy Arkansas, LLC, Entergy Louisiana, LLC, Entergy Mississippi, LLC, Entergy New Orleans, LLC, and Entergy Texas, Inc. These companies generate, transmit, distribute, and sell electric power to retail and wholesale customers in Arkansas, Louisiana, Mississippi, and Texas. The Company owns and operates power plants with approximately 25,000 MW of electric generating capacity. It delivers electricity to approximately three million utility customers in Arkansas, Louisiana, Mississippi, and Texas.
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.
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