Entergy Corp. stock gains on Google data center power deal and fresh equity raise

Entergy Corp. stock is trading above 107 dollars as investors weigh the long-term Google data center power contract and a recent 913 million USD equity raise that leaves earnings guidance for 2026 intact.

Entergy Corp. stock (ISIN US29364G1031) is trading around 107.94 USD on the New York Stock Exchange as of September 3, 2026, up about 1.1% on the day according to market data, while investors digest both a major Google data center power contract and a 913 million USD equity raise that leaves the 2026 earnings outlook unchanged. As summarized by Zacks on September 4, 2026, Entergy recently reported second quarter 2026 earnings per share of 1.03 USD, beating consensus of 0.94 USD but slipping from 1.05 USD a year earlier, with revenue up 5.9% year over year to 3.52 billion USD.

Equity offering brings in 913 million USD and supports guidance

According to a report by IT Boltwise dated September 4, 2026, Entergy completed the physical settlement of previously signed forward sale agreements on September 2, 2026, delivering 11,145,984 new common shares and receiving approximately 913 million USD in cash proceeds. The article notes that this transaction strengthens the companys equity base and that Entergy confirmed its adjusted earnings guidance for fiscal year 2026 in a range of 4.25 to 4.45 USD per share, underlining managements confidence that the additional shares and capital can be absorbed without changing the profit outlook. In the same context, it is highlighted that since the last earnings report the stock is down about 1.4%, which gives investors a concrete yardstick for how the market has reacted so far to the combination of the equity issuance and operating performance.

Zacks points out that in the second quarter of 2026 Entergy generated 3.52 billion USD of revenue, up 5.9% compared with the 3.33 billion USD recorded in the prior year quarter, while earnings per share of 1.03 USD were 0.02 USD below the 1.05 USD posted in the same period of 2025, illustrating how top-line growth is currently outpacing the bottom-line. The Parent and Other segment reported a loss of 143 million USD in the quarter, wider than the 131 million USD loss a year earlier, which indicates that some costs and corporate-level items are still weighing on consolidated earnings even as regulated utility operations benefit from higher sales.

Google data center power contract under scrutiny

The long-term power contract with Google for a data center in Arkansas is another central theme for Entergy at the moment. A detailed article by MH Observer dated September 4, 2026 reports that the contract calls for 443 million USD in accelerated payments plus 83 million USD per year in minimum demand payments over a 20 year term, totaling about 2.1 billion USD in obligations that are closely watched by regulators and customers. The same article notes that Entergy Corp. reported 1.76 billion USD of revenue in a recent period referenced in the discussion, underscoring that the Google-related cash flows, if realized as planned, will represent a significant multi-year contribution relative to the companys current annual revenue base.

Local television station THV11 quotes Entergy Arkansas President and CEO Laura Landreaux in a statement dated September 3, 2026, where she explains that the Google data center contract is expected to deliver 1.1 billion USD in benefits to customers over time and includes substantial termination penalties and guarantees aimed at protecting other customers from undue risk. In parallel, a technology-focused analysis by Yahoo Finance dated September 3, 2026 highlights that Alphabet agreed to pay 526 million USD toward the Cypress Solar project and a further 190 million USD for transmission upgrades to serve the data center, investments that benefit Entergy as the regulated utility responsible for delivering the required power.

A separate regulatory and media-focused overview from The Load Report on September 4, 2026 notes that leaked documents show Google will invest 526 million USD in the Cypress Solar facility, a 600 megawatt solar farm with battery storage in Jefferson County, Arkansas, while ratepayers are expected to fund the remaining roughly two thirds of the 1.6 billion USD project cost through approximately 6 USD monthly rate increases. For investors, these numbers make clear that the Google contract is not only a growth driver for Entergy but also a source of political and regulatory debate about how project costs and benefits are shared between the company, customers and the tech partner.

Analyst view and stock performance context

On the analyst side, Zacks emphasizes in its September 4, 2026 article that Entergy beat consensus earnings expectations in the second quarter of 2026, with EPS of 1.03 USD coming in 9.6% above the 0.94 USD consensus, even though the figure declined 1.9% compared with 1.05 USD in the same quarter a year ago. Revenue growth of 5.9% to 3.52 billion USD, combined with the confirmed 2026 EPS guidance range of 4.25 to 4.45 USD per share mentioned by IT Boltwise, suggests that the company expects to convert higher sales and major long-term contracts into stable earnings despite some near-term dilution from the newly issued shares.

MarketBeat reports in a note dated September 4, 2026 that Nykredit A S has acquired a new position in Entergy, underlining that institutional investors are still willing to build exposure to the utility at current valuation levels. The same piece mentions that Entergy stock opened at 107.72 USD on September 4, 2026, which aligns with the intraday data from Yahoo Finance showing a price of 107.94 USD as of 3:52 PM EDT on September 3, 2026, up 1.11% on the day. For retail investors, the fact that the share price is currently trading slightly above 107 USD, with daily moves in the low single-digit percent range, indicates a relatively stable trading pattern even as the market processes both the Google deal controversy and the large equity raise.

Yahoo Finance also shows trailing total returns as of September 4, 2026, illustrating how Entergy has performed over different time horizons relative to utilities peers and broader equity indices, though the exact return percentages are less central than the fact that the stock has recently moved down about 1.4% since the last earnings report, as cited by IT Boltwise. Taken together, the short-term price softness and the unchanged guidance range highlight that the market is balancing concerns about share issuance and regulatory challenges against the long-term visibility of contracted revenues from data center and infrastructure projects.

Power generation and nuclear fleet as a business backbone

Entergy Corporation operates as an electric power holding company and is among the largest nuclear power operators in the United States, supplying electricity to roughly 2.5 million customers across Arkansas, Louisiana, Mississippi and Texas and delivering natural gas to around 240,000 customers in Louisiana, according to a profile summarized by Sina Finance on September 4, 2026. The companys fleet of regulated nuclear plants and fossil fuel generation assets provides the base-load and flexible capacity required to serve both traditional residential and industrial customers and emerging loads such as large data centers.

For investors, the Google data center contract and associated Cypress Solar project in Arkansas illustrate how Entergy is positioning its generation portfolio for the next phase of demand growth, blending utility-scale solar and battery storage with transmission upgrades financed partly by the tech partner. As noted by The Load Report, the 600 megawatt solar field with storage in Jefferson County is designed to power the West Memphis data center, with Google contributing 526 million USD and ratepayers covering the rest through monthly bill adjustments of about 6 USD, which underscores the importance of regulatory approval and public acceptance for such mega-projects.

Entergy Corp. stock and investor takeaway

According to Yahoo Finance, Entergy Corp. stock last traded at 107.94 USD on the NYSE as of September 3, 2026, representing a daily gain of 1.11% and providing a current market snapshot as investors weigh a stable earnings guidance range of 4.25 to 4.45 USD per share for 2026 against the impact of a 913 million USD equity raise and a controversial but potentially lucrative multi-decade power contract with Google. The combination of a modest share price move, improving revenue, slightly lower quarterly earnings per share and confirmed guidance suggests that for now the stock remains supported by long-term contracted growth even as regulatory and customer debates around data center power costs continue.

Entergy Corp. at a glance

• Company: Entergy Corp.
• ISIN: US29364G1031
• Ticker: ETR
• Trading venue: NYSE
• Price (as of September 3, 2026): 107.94 USD
• Market capitalization: 13,480,000,000 USD (as of September 3, 2026)
• Sector / Industry: Utilities / Electric
• Index membership: S&P 500