Oracle Corp. (NYSE: ORCL) announced Tuesday it is investing in wind projects that will deliver more than 1.7 gigawatts of carbon-free electricity in Texas. The initiative supports the company’s expanding artificial intelligence infrastructure.

The projects will supply electricity to the Electric Reliability Council of Texas, or ERCOT, grid. That grid powers Oracle’s Abilene facility. The investment aims to support rising AI power demand while adding electricity supply to the Texas grid.

Oracle Targets AI Power Demand

Oracle said the projects should generate enough electricity each year to power the equivalent of more than 525,000 U.S. homes.

The investment moves Oracle closer to its goal of matching 100% of electricity used by its current Texas AI data centers with carbon-free power. The company has set a broader goal of reaching that level for its Custom AI Data Centers by 2035.

“Oracle has set a goal to match 100 percent of AI data center electricity use with carbon-free electricity by 2035,” said Mahesh Thiagarajan, executive vice president of Oracle Cloud Infrastructure.

10 Wind Projects Planned

Oracle is investing across 10 wind projects with suppliers including Clearway Energy, ENGIE, RWE and Scout Clean Energy.

The company estimates the projects could avoid emissions equivalent to 1.8 million metric tons of carbon dioxide annually compared with the ERCOT grid.

The investment comes as Oracle expands AI and cloud infrastructure, which requires significant electricity capacity. Oracle said the projects will support that growth while adding renewable generation to the Texas power system.

Separately, Oracle on Tuesday released Java 27, adding new security, AI and performance features to its programming platform.

Stock Performance And Technical Analysis

Oracle stock traded about 1% lower Tuesday as investors pulled back from large-cap technology stocks. The Nasdaq fell 0.54%, while the S&P 500 declined 0.45%.

The stock has also struggled over the past year. It is down 52.56% over 12 months, leaving investors focused on whether it can rebuild its longer-term trend.

Oracle remains in a mixed technical setup. The stock trades 1.8% above its 50-day simple moving average of $140.76. However, it remains 12.1% below its 100-day SMA of $163.13 and 14.2% below its 200-day SMA of $167.10.

The 50-day SMA also remains below the 200-day SMA, maintaining the death cross formed in January.

Meanwhile, Oracle’s relative strength index stands at 45.38. That puts momentum in neutral territory.

Key support sits near $137. Resistance is around $159.50.

Analyst Outlook

Oracle carries a Buy consensus rating and an average price forecast of $249.64.

Freedom Broker maintained a Buy rating Monday but lowered its price forecast to $205. Argus Research maintained Buy with a $225 forecast. Stifel also maintained Buy and lowered its forecast to $200 on Friday.

What the Numbers Show

Despite a strong consensus Buy rating and an average price target of $249.64, Oracle shares trade at approximately $143.24, representing a discount of roughly 42% to analyst expectations. This divergence persists despite the company’s strategic investments in renewable energy infrastructure to support AI growth.

Oracle Corp. (NYSE: ORCL) confirmed that co-founder Larry Ellison cancelled a trading plan that would have allowed him to sell up to 50 million shares, valued at approximately $7.5 billion.

The company disclosed the cancellation in a statement on Saturday, Sept. 12, just one day after the arrangement became public. No shares were sold under the plan, which was scheduled to run through Oct. 24.

Trading Plan Details

Ellison adopted the Rule 10b5-1 trading plan on June 22. Such plans allow insiders to schedule trades in advance, shielding them from allegations of trading on nonpublic information. A cooling-off period typically applies before trades can execute.

Oracle stated that Ellison has no other plans to sell any of his Oracle stock. The company offered no explanation for the reversal.

Shareholding Context

Had Ellison executed the full sale, he would have retained roughly 1.1 billion shares. He currently controls more than 40% of the company.

This decision stands out against his trading history. According to CNBC, citing FactSet data, Ellison has not sold more than 25,000 Oracle shares in any single instance since the start of this century.

Market Reaction

Oracle chose to issue its cancellation statement on a Saturday, an unusual timing choice for corporate disclosures. The three-sentence release gave no further detail beyond confirming zero shares changed hands.

CNBC’s Jim Cramer suggested a possible short squeeze could brew after Ellison’s move. "Larry’s going to jam up the shorts but good with that cancellation of his Oracle sell plan," Cramer posted on X.

Despite the removal of the selling overhang, Oracle shares fell 3.77% to $144.61 on Monday, according to Benzinga Pro data.

What the Numbers Show

The cancellation removes a significant potential supply overhang of $7.5 billion from the market. However, the immediate negative price action (3.77% decline) suggests investors remain focused on broader concerns regarding Oracle’s aggressive AI infrastructure spending and capital commitments, rather than reacting solely to the insider selling news.