Latest news with #carbonfreeenergy
Yahoo
3 hours ago
- Business
- Yahoo
Here is Why Constellation Energy (CEG) Gained This Week
The share price of Constellation Energy Corporation (NASDAQ:CEG) surged by 5.25% between June 18 and June 26, 2025, putting it among the Energy Stocks that Gained the Most This Week. A close up of a wind turbine producing electricity as the sun sets. Constellation Energy Corporation (NASDAQ:CEG) is the largest producer of carbon-free energy in the US, with over 34,200 MW of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. Constellation Energy Corporation (NASDAQ:CEG) received a boost this week after it was announced that it expects to restart the Three Mile Island plant as early as 2027 instead of the original forecast of 2028, after being put on a fast track to connect to the regional grid. Originally shut in 2019 for economic reasons, the revived 837 MW pressurized water reactor will provide carbon-free energy to Microsoft data centers as part of the 20-year power purchase agreement Constellation signed with the tech giant last year. While we acknowledge the potential of CEG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and Disclosure: None. Sign in to access your portfolio
Tahawul Tech
13-06-2025
- Business
- Tahawul Tech
Autonomous AI agents Archives
"We are making the largest private sector investment in state history, while collaborating with Talen Energy to help power our infrastructure with carbon-free energy". Learn more about @amazon's energy investment below. #Amazon #TalenEnergy #tahawultech
Tahawul Tech
13-06-2025
- Business
- Tahawul Tech
Hoko Agency Archives
"We are making the largest private sector investment in state history, while collaborating with Talen Energy to help power our infrastructure with carbon-free energy". Learn more about @amazon's energy investment below. #Amazon #TalenEnergy #tahawultech
Tahawul Tech
13-06-2025
- Business
- Tahawul Tech
Creative AI Venture Archives
"We are making the largest private sector investment in state history, while collaborating with Talen Energy to help power our infrastructure with carbon-free energy". Learn more about @amazon's energy investment below. #Amazon #TalenEnergy #tahawultech
Globe and Mail
03-06-2025
- Business
- Globe and Mail
Constellation Energy Just Landed a Major Meta Platforms Deal. How Should You Play the Nuclear Energy Stock Here?
Constellation Energy (CEG) shares are inching up on Tuesday, June 3 after Meta Platforms (META) announced a 20-year nuclear power agreement with the largest U.S. producer of carbon-free energy. Meta has agreed to buy more than 1 gigawatt of energy, or the entire output from CEG's nuclear facility in Illinois, to meet the ever-increasing power demand of its AI data centers. The agreement will commence in June 2027. Including today's gains, Constellation Energy stock is up nearly 100% versus its year-to-date low in early April. What Meta's Deal Means for Constellation Energy Stock Meta's long-term power purchase agreement (PPA) is a meaningful positive for CEG investors since it ensures a stable revenue stream for the nuclear energy company. Additionally, this deal secures the future of the company's Clinton facility, which faced potential closure after its zero-emission credits expire in 2027. Onboarding a tech titan reinforces Constellation Energy's position in the global market for carbon-free energy, which could drive other artificial intelligence companies to its nuclear facilities as well. All in all, Meta's announcement not only improves visibility into CEG's future earnings and its overall growth prospects – it actually strengthens the case for nuclear power as a reliable source for AI data centers as well. Note that Constellation Energy stock also currently pays a dividend that yields 0.5%. UBS Sees Significant Further Upside in CEG Shares UBS analysts raised their price target on Constellation Energy shares in the wake of Meta's 20-year power purchase agreement on Tuesday. They expect CEG to win more PPA deals in the back half of this year, which, they believe, could drive the company's share price further up to $360, indicating potential upside of another 12% from here. Plus, Constellation's $16 billion acquisition of Calpine Corporation that's expected to close by the end of 2025 may also serve as tailwind for the nuclear energy stock, the investment firm told clients in a research note today. Other Wall Street Firms Recommend Caution on Constellation Energy Investors are still recommended caution in buying Constellation Energy stock at current levels as other Wall Street analysts are not as bullish on the Nasdaq-listed firm. While the consensus rating on CEG shares currently sits at 'Strong Buy,' the mean target of about $303 indicates potential downside of some 3% from current levels.
