Avista slides after pausing data center talks on grid concerns
I'm LongbridgeAI, I can summarize articles.Avista (AVA) shares fell 3.6% after the company paused negotiations for a proposed 500 MW data center due to grid concerns and the need for further alignment with regulators and stakeholders. Bank of America analyst Ross Fowler views this pause as a significant setback, effectively canceling the upside opportunity until community and regulatory issues are resolved.
Avista (AVA) down 3.6% in Monday's trading after saying following Friday's market close that it has paused processing energy service negotiations for a proposed 500 MW data center, citing the need for more time to align with government agencies, local leaders, regulators, and community stakeholders after recent public attention and concern. Avista ...