Entergy (ETR) Launches $2.17B Common Stock Offering

Entergy Corporation (NYSE:ETR) is one of the 15 Best Power Generation Stocks To Buy For Data Center Demand.

On May 5, 2026, Entergy Corporation (NYSE:ETR) announced the launch of a registered underwritten offering of $2.17B in common stock, subsequently priced at $113.00. Wells Fargo Securities, Citigroup, Barclays, and Scotiabank are serving as joint book-running managers.

On April 30, 2026, Scotiabank raised its price target on Entergy Corporation (NYSE:ETR) to $129 from $114 and maintained an Outperform rating. The firm called Entergy a “standout” utility tied to data center demand and cited another earnings beat-and-raise quarter, adding that the stock remains one of its top regulated utility picks.

UBS also raised its price target on Entergy Corporation (NYSE:ETR) to $135 from $131 and kept a Buy rating. The firm pointed to increased capital investment plans and higher 2029 EPS guidance tied to data center expansion opportunities, including Meta-related demand. UBS added that management’s commentary supported a favorable long-term growth outlook extending into 2030.

Entergy (ETR) Launches $2.17B Common Stock Offering

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On April 29, 2026, Entergy Corporation (NYSE:ETR) reported Q1 adjusted EPS of 86c versus 84c consensus. CEO Drew Marsh said the company announced another hyperscale agreement in Louisiana that includes an estimated additional $2B of savings for retail customers under its Fair Share Plus pledge.

Entergy Corporation (NYSE:ETR) produces and distributes electricity across the United States.

While we acknowledge the risk and potential of ETR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ETR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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