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.

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 Energy has seen significant gains in 2024 due to rising demand for energy driven by AI. Short-term challenges may present an opportunity for long-term investors, but caution is advised due to technical signals and valuation concerns.

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.

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. Constellation, the country’s largest operator of nuclear power plants,

Key Takeaways Constellation Energy shares jumped Thursday after the company and the U.S. General Services Administration announced a pair of contracts worth over $1 billion.Constellation will supply over a dozen government agencies with nuclear energy over the next decade as part of a 10-year,

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.

Constellation Energy contracts, set to begin on April 25, estimated to provide electricity equivalent to power more than 1 million homes annually.