10 nuclear stocks expected to rise as much as 94% after Meta-Constellation deal
Big Tech companies are scrambling to secure electricity for the long term. For many, this means investing in nuclear power generation.
Meta signs nuclear power deal with Constellation Energy
Meta has signed a 20-year agreement to buy nuclear power from Constellation Energy. Beginning in 2027, the tech giant will purchase about 1.1 gigawatts of power from Constellation's Clinton Clean Energy Center in Illinois, part of the growing trend of tech companies pushing toward nuclear energy.
Nuclear Stock Surges on Power Deal With Meta
Constellation Energy Inc (NASDAQ:CEG) stock is up 4.6% to trade at $328.03 at last check, after the utility giant inked a 20-year agreement to supply nuclear power to Meta Platforms' (META) data centers.
Meta inks nuclear deal with Constellation Energy under 20-year agreement
CNBC's Pippa Stevens reports on news regarding Meta.
Meta Strikes AI Nuclear Power Deal—Sending Constellation Energy Stock Soaring
Constellation Energy has been one of the biggest winners on Wall Street as AI reshaped corporate America. Dating back to the late 2022 release of OpenAI's ChatGPT chatbot, Constellation has returned more than 230% to investors, far outperforming the S&P 500's 51% return during the period.
Meta Will Buy Nuclear Power From Constellation Energy
Meta Platforms, the parent company of Facebook and Instagram, will buy nuclear power from Constellation Energy to meet rising demand. The companies signed a 20-year deal, financial details were not disclosed.
Meta signs 20-year nuclear power deal with Constellation Energy
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) has signed a 20-year agreement to purchase emissions-free nuclear energy from Constellation Energy's Clinton Clean Energy Center in Illinois, the companies said on Tuesday. Beginning in June 2027, Meta will purchase the entire output—roughly 1.1 gigawatts—of electricity from the Clinton facility's single nuclear reactor, marking the social media giant's largest power deal to date.
What's Happening With CEG Stock?
Constellation Energy Group (NASDAQ: CEG) has seen a significant boost in its stock performance over the past month. This surge is primarily fueled by investor excitement following recent executive orders from U.S. President Donald Trump.
Is Constellation Energy Corporation (CEG) Stock Outpacing Its Oils-Energy Peers This Year?
Here is how Constellation Energy Corporation (CEG) and Flotek Industries (FTK) have performed compared to their sector so far this year.
Is It Worth Investing in Constellation Energy Corporation (CEG) Based on Wall Street's Bullish Views?
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.
Constellation Energy Corporation (CEG) Is a Trending Stock: Facts to Know Before Betting on It
Constellation Energy Corporation (CEG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
CEG vs. D: Which Utility Stock Is Charging Up for Stronger Gains?
Both CEG and D are prominent U.S. utilities focusing on transitioning to cleaner energy sources, including nuclear and renewables, to meet future energy demands.
