Raymond James Initiates Coverage of Entergy (ETR)

Entergy Corporation (NYSE:ETR) is counted among the Best Nuclear Energy Stocks to Buy Right Now. The stock has surged by more than 54% over the last year, putting it on the radar of several analysts. It was recently reported that Raymond James analyst J.R. Weston has initiated coverage of ETR with a Market Perform rating.

A high power electrical transformer station with transmission lines connecting to a power grid.

According to the analyst, Entergy Corporation (NYSE:ETR) has been an ‘exceptional’ stock performer in the large-cap electric utilities sector, especially with project wins such as AWS and Meta fueling its run.

It was announced late last year that Entergy Louisiana will power Meta’s $10 billion data center in Richland Parish. To meet the energy demands, the energy company plans to construct three new natural gas plants near the site at a cost of $3 billion.

Entergy Corporation (NYSE:ETR) owns and operates a fleet of nuclear reactors in four locations in the United States. With a renewed interest from Big Tech, the company is looking to expand its nuclear power output by upgrading its existing plants across the country.

Entergy Corporation (NYSE:ETR) is an integrated energy company that provides electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi, and Texas.

While we acknowledge the potential of ETR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Cheap Energy Stocks to Buy Now and 15 Best Large Cap Energy Stocks to Buy According to Hedge Funds

Disclosure: None.