STAK is trading 5.3% down at $3.42 as investors react to intensifying opposition to its large AI-focused data center and power project on Alaska’s North Slope.
- Resistance has mounted following a recent preliminary land lease decision, with public comments highlighting concerns over environmental impact and significant gas usage.
- The growing backlash creates regulatory uncertainty and threatens the long-term viability of the project, weighing on the stock price.
- The decline comes despite a relatively calm broader market, as the company faces specific hurdles regarding its North Slope development.