Shares of Entergy Corporation (ETR) are moving up about 4 percent on Friday morning trading after the company's subsidiary, Entergy Louisiana, entered into an additional agreement with Meta (META) to support the hyperscale data center in Northeast Louisiana.
The company's shares are currently trading at $107.97 on the New York Stock Exchange, up 4.99 percent. The stock opened at $102.33 and has climbed as high as $107.74 so far in today's session. Over the past year, it has traded in a range of $75.57 to $107.93.
The agreement is expected to deliver approximately $2 billion in customer savings to Entergy Louisiana customers over 20 years, in addition to the $650 million previously announced.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.