Investing.com - Jefferies reports that local opposition to data center construction has intensified across the United States, with a May 2026 Embold Research survey showing approximately 71% of participants are either somewhat opposed or strongly opposed to data centers being built near where they live. This represents an increase from approximately 51% in February and approximately 42% in September.

The firm notes that the Midwest, Southeast, Texas, and Northwest regions remain mostly constructive areas for data center build out. Jefferies identifies lower population density, lower median incomes, and Republican makeup as net favorable factors for data center development in these areas.

Jefferies commented on Talen Energy's (NYSE: TLN) acquisition of new peaker facilities at $3,145 per kilowatt, noting the assets have long-term contracts and a 13% free cash flow yield. The firm said Talen Energy shares fell 10% likely due to timing of equity issuance and concerns that the transaction fills in lost EBITDA relative to long-term guidance's higher power price assumptions. The facilities use GE Vernova (NYSE: GEV) turbines.

The Department of Energy announced support for 13 coal-fired power plants and a new coal export infrastructure investment fund of $500 million. Jefferies said this includes $70 million for Hallador Energy (NASDAQ: HNRG) and new support for AES (NYSE: AES) Maryland and Puerto Rico coal sites.

Argan (NYSE: AGX) reported fiscal first quarter 2027 earnings per share of $3.24 versus $1.60 in the first quarter of 2025 and consensus of $2.31. The company noted it continues to see heightened demand for its gas generation capabilities driven by onshoring of domestic manufacturing and data centers.