Constellation Energy Stock Is Leading the S&P 500. Nuclear Energy Has a New Fan.
The power plant owner has two deals with the U.S. government that are expected to pay out about $1 billion over the next several years.
Constellation Energy awarded $1 billion to supply nuclear power to the U.S. government
Constellation Energy contracts, set to begin on April 25, estimated to provide electricity equivalent to power more than 1 million homes annually.
Nuclear Stocks Soar on Constellation Energy's $840 Million GSA Contract
The nuclear stocks today raise for more than 6% fueled by optimism following 10-year contract worth $840 million awarded by the U.S. GSA (General Services Administration) to Constellation Energy ( NASDAQ:CEG ). The contract puts Constellation in a good position for future growth as additional revenue projected.
Vistra, Constellation Energy Stocks Rise Further on AI Energy Needs
Key Takeaways Demand for electricity for artificial intelligence data centers are driving up shares of nuclear power firms Constellation Energy and Vistra.Both companies' shares hit all-time records in the fourth quarter of 2024.
Constellation inks $1 billion deal to supply US government with nuclear power
Constellation Energy has been awarded a record $1 billion in contracts to supply nuclear power to the U.S. government over the next decade, the company said on Thursday.
The US government announced a ‘historic’ nuclear energy deal
Google, Meta, Amazon, and Microsoft have all inked splashy nuclear energy deals over the past year. In September of last year, Microsoft and Constellation announced a plan to restart a shuttered reactor at Three Mile Island in Pennsylvania, the site of the worst nuclear energy accident in US history.
The AI Energy Problem Solved: 4 Nuclear and Data Center Stocks to Buy Now
Constellation Energy shares are trading more than 100% higher over the last year, outpacing almost all the “AI Stocks” except for NVIDIA. Give that some time though as CEG is in the earlier stages of growth while NVIDIA is a little higher on their AI growth trajectory.
Constellation Wins Record-Setting Federal Government Clean Nuclear Energy Procurement
Constellation awarded more than $1 billion in combined contracts by the U.S. General Services Administration to supply power and efficiency solutions.
Constellation Energy Corp. stock rises Friday, outperforms market
Shares of Constellation Energy Corp. CEG rallied 4.04% to $252.40 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.26% to 5,942.
Buy Rating for Constellation Energy: Strategic Growth and Stable Revenue through Federal Nuclear Contract
In a report released yesterday, David Arcaro from Morgan Stanley maintained a Buy rating on Constellation Energy Corporation (CEG – Research
$840 Million Government Contract For Nuclear Power 'Positive' For Future Deals
Nuclear stocks soared Thursday after Constellation Energy announced a 10-year contract with the federal government.
Constellation Energy: Largest Clean Energy Producer Continues To Cement Bullish Outlook
Constellation leads in clean energy, securing major contracts with the U.S. General Services Administration and Microsoft, ...
Nuclear-Energy Stocks Gain After Easing of Hydrogen Tax-Credit Rules
The final rule for clean-hydrogen production would allow some nuclear power plants that are at risk of retirement to produce ...
Engineering News-Record1d
Biden Team Awards $2B+ For Clean Energy Projects Days From Departure
GSA inks $1B deal with Constellation Energy for 'historic' nuclear power supply to 13 federal agencies and facility energy upgrades in the DC area, while DOE finalizes $1.45B loan to US unit of South ...
The Year That Was: 2024 Energy Stocks - Winners And Losers
As the global energy landscape evolves, investors must assess the stability of traditional fossil fuels against the growth ...
Nuclear stocks jump in the new year as bullish analysts see the AI boom powering the sector
Constellation Energy's $1 billion deal with the US government is a positive sign for further nuclear deals to power AI data ...