Key Stats for Entergy Stock
- Past-Week Performance: 7%
- 52-Week Range: $76 to $107
- Current Price: $103
What Happened to Entergy Stock?
Entergy (ETR) climbed 7% this past week, pushing the stock to $103.56 and within striking distance of its 52-week high of $106.71, as investors responded to the company’s Q4 2025 earnings report and an expanded capital plan.
Entergy raised its 4-year capital plan by $2 billion to $43 billion on February 12, driven by the $1.5 billion acquisition of Cottonwood Generating Station and accelerating data center demand across Arkansas, Louisiana, Mississippi, and Texas.
The demand story behind that capital increase is substantial, with Entergy signing roughly 3.5 gigawatts of new electric service agreements in 2025 alone and maintaining a forward pipeline of 7 to 12 gigawatts of data center opportunities backed by 8 gigawatts of secured turbine equipment.
Investors are increasingly re-rating Entergy from a slow-growth Gulf South utility into a high-conviction industrial growth story, with 15% industrial sales CAGR projected through 2029 and 19 buy-rated analysts now covering the stock with zero sell ratings.
Andrew Marsh, Chair and CEO, stated on the Q4 2025 earnings call that “2024 reshaped our long-term expectations through historical new demand for power, 2025 was affirmational as our success has continued,” grounding his confidence in $3.91 adjusted EPS landing in the top half of guidance and 4% weather-adjusted retail sales growth.
The near-term overhang is real, as Entergy’s 2026 guidance midpoint of $4.35 per share came in below the analyst consensus of $4.41, and Q4 O&M expenses surged 8.6% year over year to $26.67 per megawatt hour, raising questions about cost discipline heading into a heavy capital deployment year.
With an Investor Day set for June 9 in New York City and a potential 5-year outlook update on the horizon, Entergy’s next leg higher depends on converting its 7 to 12 gigawatt data center pipeline into signed contracts that harden the greater than 8% EPS CAGR through 2029.
Where is the ETR Stock Headed?
Entergy’s $43 billion capital plan and 3.5 gigawatts of signed service agreements in 2025 position the company to convert its Gulf South industrial dominance into a multi-year earnings acceleration that the market is only beginning to price in.
The fundamental case rests on EBITDA margins expanding to 46.5% in 2026 from 40.8% in 2025, with normalized EPS growing 12.6% to $4.40 and revenue climbing 7.2% to $13.89 billion as data center load begins ramping meaningfully.
As of February 20, Wall Street’s mean price target stands at $106.65 across 22 estimates, with 14 buys and 4 outperforms against just 1 underperform and 1 sell, placing the consensus roughly 3.2% above the current price of $103.33.
Analyst targets range from a low of $86 to a high of $119, a $33 spread that reflects genuine disagreement over how fast Entergy’s 7 to 12 gigawatt data center pipeline converts into contracted, rate-base-earning capital.
With data center ESAs generating an estimated $5 billion in fixed-cost offsets for existing customers and a 15% industrial CAGR locked into the outlook, a mid-case valuation prices Entergy at $136.29 by December 2030, implying a 31.9% total return and a 5.9% annualized IRR from today’s price.
The clearest risk is multiple compression, with the model projecting a negative 4.4% annual P/E CAGR in the mid case, meaning Entergy’s earnings growth must outrun a shrinking valuation multiple to deliver meaningful shareholder returns.
At $103.33 with a strong pipeline, 19 buy-rated analysts, and an Investor Day on June 9 that could surface new 5-year guidance and additional contract announcements, Entergy stock looks modestly undervalued for patient investors willing to hold through the cost overhang.
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