Entergy: Meta Deal Exemplifies Its Strong Growth Profile (Rating Downgrade)

2026-03-29 08:15:00 ET

Shares of Entergy ( ETR ) have been an excellent performer over the past year, gaining over 30%. The market environment has been generally favorable for utilities as investors have grown excited about potential demand from data centers, leading to a meaningful cap-ex cycle. Entergy is a clear beneficiary of this, given construction plans in its territory, as well as benefiting from demand associated with US energy exports. These factors led to my upgrading of shares to a “buy” in December . This call has played out well, with the stock up 19% since then. With updated financials and a new data center announcement, now is a good time to revisit shares to see if investors should take profits or continue to buy here....

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