Alphabet Inc (NASDAQ:GOOG)'s Google has signed a 20-year power purchase agreement with Constellation Energy (NASDAQ:CEG), the US nuclear power producer, to add 890 megawatts of new nuclear capacity to the PJM electricity grid. The agreement will fund upgrades at 11 existing Constellation nuclear units across Illinois, Pennsylvania and New Jersey, increasing their thermal and electrical efficiency and expanding the amount of power available to the grid.
Constellation Energy Corp (NASDAQ:CEG) stock is up 8% before the bell, after the utility company signed a 20-year agreement with Google to bring 890 megawatts of nuclear energy to the PJM power grid.
Constellation Energy said it inked a long-term power deal with Google. Investors are cheering the news.
Big Tech is going nuclear as Alphabet and others scramble for enough power for their AI data centers.
Constellation Energy Corporation (CEG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
CEG's debt management, investment-grade ratings and strong cash flow outlook support growth investments and portfolio expansion.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
GE Vernova and Constellation both feed the AI power boom, but their Q2 results reveal a widening gap in momentum, valuation, and regulatory risk that points toward one clearer opportunity for investors right now.
Constellation Energy's 20-year Amazon PPA adds revenue certainty and backs $3B+ in Maryland infrastructure and new nuclear capacity.
Constellation Energy (CEG) secures a 20-year power deal with Amazon. CEG, as an unregulated utility, benefits from mega-tenants like Amazon and Microsoft, differentiating itself from traditional utilities and warranting investor attention despite a recent stock drop.
Constellation Energy runs the largest nuclear fleet in the country, guidance keeps climbing, and yet the stock sits near a 52-week low.
The AI infrastructure trade has quietly shifted away from chips toward two scarce resources that hyperscalers cannot conjure fast enough, and three under-the-radar companies control the chokepoints.