Jefferies Reports Increased Opposition to Data Centers Amid Energy Demand Concerns
A recent survey indicates 71% of U.S. respondents oppose local data center construction due to energy consumption, up from 51% in February. This trend highlights challenges for data center expansion, particularly in light of growing local resistance.
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Jefferies reports that local opposition to data center construction in the U.S. has grown to 71% as of May 2026, compared to 51% in February and 42% in September. Areas like the Midwest, Southeast, Texas, and Northwest remain generally supportive due to lower population density and Republican political leanings.
Additionally, Talen Energy's acquisition of new assets at $3.145 per kilowatt has resulted in a 10% drop in its stock, amid concerns over the transaction's impact on EBITDA and energy price forecasts. The U.S.
Department of Energy has backed 13 coal plants with a new $500 million investment fund, including $70 million for Hallador Energy. Argan reported a Q1 EPS of $3.24, driven by strong demand for gas generation capabilities linked to manufacturing and data centers.
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