Tag: $Constellation Energy

Nuclear power producer Constellation ​Energy on Tuesday said it plans $3.9 billion in capital spending and raised ‌its share buyback authorization to $5 billion, as it prepares to meet growing demand for clean electricity.

Constellation Energy rose after the Trump administration vowed to give the company a $1 billion federal loan to restart a shuttered nuclear power plant in Pennsylvania.

Shares of Constellation Energy fell Friday after the nuclear power company posted weaker-than-expected quarterly earnings and narrowed its full-year guidance.

Meta Platforms (META.O), on Tuesday said it has struck an agreement with Constellation Energy (CEG.O), to keep one of the utility’s reactors in Illinois operating for 20 years, in the Big Tech company’s first such deal with a nuclear power plant.

Constellation Energy stock was soaring after the company reached an agreement to buy Calpine, a move that creates the nation’s largest clean-energy provider and gives Constellation a broader array of products.

Constellation Energy (CEG.O), opens new tab is nearing a roughly $30 billion deal to acquire power producer Calpine, people familiar with the matter said on Wednesday, a move that would significantly expand Constellation’s generation assets at a time of rising U.S. power demand.

Electric utility Constellation Energy raised its full-year profit forecast and beat Wall Street estimates for third-quarter earnings on Monday, helped by higher power demand.

Microsoft just struck a deal with Constellation  Energy to receive energy from the Three Mile Island nuclear site in Pennsylvania.