Meta Platforms (META) Announced Its Partnership With Entergy Louisiana

Meta Platforms, Inc. (NASDAQ:META) is one of the Stocks That Can Make You Richer in 2026. On March 27, Meta Platforms, Inc. (NASDAQ:META) announced its partnership with Entergy Louisiana to power its massive $10 billion hyperscale data center in Northeast Louisiana.

​Management highlighted that this builds on the company’s earlier partnership and ensures Meta covers its full electricity costs without burdening regular customers. The deal will result in Entergy customers saving about $2 billion over 20 years by offsetting grid upgrades and fixed expenses like storm resilience. Moreover, Meta Platforms, Inc. (NASDAQ:META) will also contribute $120 million, including matching funds, for the company’s The Power to Care program and $140 million for energy efficiency initiatives.

​Separately, recently on March 30, Morgan Stanley lowered the price target on the stock from $825 to $775, while maintaining a Buy rating on the stock. The firm noted that the investor sentiment toward Meta Platforms has hit a low due to worries over generative AI’s return on invested capital, long-term positioning, weak macroeconomic ad markets, and regulatory risks. He notes the stock now trades at about 15 times the firm’s 2027 EPS estimate of $36, which sits one standard deviation below the long-term average, presenting a compelling buy opportunity.

​​Meta Platforms, Inc. (NASDAQ:META) is a California-based company that develops social media applications. Dedicated to connecting people and growing businesses, the company has two segments: Family of Apps (FoA) and Reality Labs (RL).

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