Gotrade News - Meta Platforms has announced a major expansion of its El Paso data center to one gigawatt, increasing its investment to over $10 billion. This move will support more than 300 permanent jobs and 4,000 construction workers at the project's peak. This initiative is essential as it demonstrates Meta's commitment to infrastructure development and boosting local workforce capacity.
Key Takeaways:
- Meta's investment supports local economic development and education in El Paso.
- Collaboration with El Paso schools promotes skill development programs.
- Meta aims for environmental impact neutrality with 200% water restoration.
Meta also plans a $500,000 investment in workforce development programs with El Paso schools, along with launching other advanced education programs. This effort aims to enhance local workforce skills, aligned with the company's goal to reduce environmental impact. The El Paso facility will use a closed-loop liquid cooling system designed to minimize water consumption.
In the stock market, Meta shares remain below their 20-day and 100-day moving averages, indicating significant selling pressure. The stock has dropped 9.13% over the past 12 months and is near its 52-week low. However, with an oversold RSI at 26.34, there is potential for a short-term rebound.
With the MACD consistently showing downward momentum, mixed signals exist. Despite this, Meta stock remains attractive due to its buy rating and average price target at $850.17, indicating a substantial expected price increase from its current position.
Anticipation of the next earnings report is predicted to become a major upcoming catalyst, scheduled for April 2026. In this context, significant investment moves like this are expected to contribute positively to market sentiment and the company's financial performance.
Reference:
- Bloomberg, Meta Funds Seven Gas Plants to Power Biggest Data Center. Accessed on March 27, 2026
- Benzinga, Meta Goes All In On Texas With One Gigawatt Data Center. Accessed on March 27, 2026
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