Entergy (ETR) Stock Is Trending After Hours As CEO Tells Jim Cramer Data Centers Won't Burden Ratepayers: Here's What He Said

Shares of Entergy Corp. (NYSE: ETR) are trending on Wednesday.

ETR shares dipped 0.036% to $109.62 in after-hours trading on Tuesday after closing the regular session up 1.43%. Entergy CEO Drew Marsh told CNBC’s Jim Cramer on Tuesday that data centers don’t have to be a burden on residential communities.

‘Fair Share Plus’ Shields Ratepayers

Marsh said Entergy’s “Fair Share Plus” framework requires data center operators to cover all incremental infrastructure costs during the life of their contracts.

“The plus part is that they are also covering some of the fixed costs,” Marsh said. “That means overhead costs and storm costs that our existing customers would have already been paying.”

On Tuesday, at the company’s 2026 Investor Day in New York City, Marsh said the provisions are expected to generate roughly $7 billion in savings for existing customers over the 15 to 20-year life of the contracts.

Data Centers As ‘Good Neighbors’

The surge in AI-related power demand has sparked concerns among policymakers and homeowners that residential customers could end up subsidizing data center growth. Marsh pushed back on that narrative during his appearance on CNBC. “Data centers really want to be good neighbors,” he said. “They have reputations that they want to protect, and they want to be part of the community.”

Trading Metrics, Technical Analysis

Entergy, which is a New Orleans-based integrated energy company, has a market capitalization of $50.21 billion, with a 52-week high of $118.45 and a 52-week low of $80.11.

The Relative Strength Index (RSI) of ETR stands at 47.66.

Barclays maintained ETR with an Overweight rating and lowered its price target to $119 from $124 on Jun. 3.

Over the past 12 months, the large-cap stock has gained 33.39%.

ETR is currently positioned at about 77.1% of its 52-week range.

The stock's long-term trend and solid positioning indicate the possibility of continued upside.

Price Action: According to Benzinga Pro data, the stock closed the regular session at $109.66.

With a Growth score of 82.40, Benzinga’s Edge Stock Rankings indicate that ETR is experiencing short-term consolidation along with medium and long-term upward movement.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.