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Entergy Signs Agreement for New Power Plant Construction

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Entergy Signs Agreement for New Power Plant Construction

TipRanks Cyber Monday Sale

Entergy ( (ETR) ) has issued an update.

On December 9, 2025, Entergy Texas, Inc. entered into agreements for the construction and leasing of a 754-megawatt combined cycle gas power plant, Legend Power Station, in Jefferson County, Texas. The construction cost is expected not to exceed $1.450 billion, with Entergy Texas acting as the Construction Agent. The lease is set to commence approximately 26 months from the agreement date, with a term of up to 58 months. Entergy Texas has options to purchase the facility or extend the lease, and must adhere to certain covenants, including maintaining a consolidated debt ratio of 65% or less.

The most recent analyst rating on (ETR) stock is a Sell with a $59.00 price target. To see the full list of analyst forecasts on Entergy stock, see the ETR Stock Forecast page.

Spark’s Take on ETR Stock

According to Spark, TipRanks’ AI Analyst, ETR is a Neutral.

Entergy’s overall stock score reflects strong earnings call performance and positive corporate events, which are offset by financial risks related to high leverage and negative cash flow growth. Technical indicators suggest bearish momentum, and the valuation appears high, limiting immediate upside potential.

To see Spark’s full report on ETR stock, click here.

More about Entergy

Entergy Texas, Inc. operates in the energy sector, focusing on the generation and distribution of electricity. The company is involved in the development of power plants, including combined cycle gas power plants, to enhance its energy production capabilities.

Average Trading Volume: 2,745,698

Technical Sentiment Signal: Buy

Current Market Cap: $41.64B

See more insights into ETR stock on TipRanks’ Stock Analysis page.

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