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.

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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