Entergy (ETR) Rallies 6.8% on Meta Deal

NodeGuardian · 2026-03-28T06:02:38+00:00

Entergy's stock rose 6.8% after partnering with Meta Platforms for a hyperscale data center in Louisiana, promising savings of $2.65 billion and enhancing solar energy initiatives while ensuring reliability and economic development.

NodeGuardian

2026-03-28 06:02:38

Abstract generation in progress

Entergy (ETR) stock rallied 6.8% after securing a deal with Meta Platforms for a hyperscale data center in Northeast Louisiana. This agreement will result in significant customer savings, potentially up to $2.65 billion, as Meta will cover the full cost of service and contribute to various energy initiatives, including up to 2,500 megawatts of additional solar energy. The deal strengthens reliability, supports economic development, and aligns with both companies’ pledges for affordable energy rates and ratepayer protection.

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