New York Joins Constellation in Pursuit of Energy Department Funding for Advanced Nuclear Reactor
Constellation (Nasdaq: CEG), the nation’s largest producer of clean energy, commends the State of New York’s newly unveiled policies aimed at expanding the deployment of advanced nuclear energy to reach its goal of providing abundant, clean, reliable and affordable electricity for all New Yorkers. The New York State Energy Research and Development Authority (NYSERDA) has joined Constellation on a grant proposal to the U.S. Department of Energy (DOE) to support the company’s efforts to seek an early site permit from the Nuclear Regulatory Commission for one or more advanced nuclear reactors at the Nine Mile Point Clean Energy Center in Oswego, New York.
Constellation To Acquire Calpine; Creates America’s Leading Producer of Clean and Reliable Energy to Meet Growing Demand for Customers and Communities
Constellation (Nasdaq: CEG) and Calpine Corp. today announced they have entered into a definitive agreement under which Constellation will acquire Calpine in a cash and stock transaction valued at an equity purchase price of approximately $16.4 billion, composed of 50 million shares of Constellation stock and $4.5 billion in cash plus the assumption of approximately $12.7 billion of Calpine net debt. After accounting for cash that is expected to be generated by Calpine between signing and the expected closing date, as well as the value of tax attributes at Calpine, the net purchase price is $26.6 billion, reflecting an attractive acquisition multiple of 7.9x 2026 EV/EBITDA.
Constellation Statement on Clean Hydrogen Guidelines
Constellation (Nasdaq: CEG), the largest producer of carbon-free energy in the U.S., provides the following statement about the U.S. Treasury Department’s reversal of its prior decision to prohibit existing nuclear plants powering clean hydrogen production from qualifying for federal tax credits under Section 45V of the Inflation Reduction Act.
Constellation Wins Record-Setting Federal Government Clean Nuclear Energy Procurement
Constellation (Nasdaq: CEG), the nation’s largest producer of clean, emissions-free, reliable energy, has been awarded more than $1 billion in combined contracts by the U.S. General Services Administration (GSA) to supply power to more than 13 government agencies and perform energy savings and conservation measures at five GSA-owned facilities in the National Capital Region. Constellation’s retail subsidiaries will provide the services to the GSA.
Be a Nuclear Family! D.C. Households May Choose Clean Nuclear Energy with America’s First-Ever Nuclear-Powered Consumer Energy Plan from Constellation
Constellation Energy Corporation (
NASDAQCEG), the nation’s largest producer of carbon-free energy, today announced America’s first-ever product allowing consumers to power their homes with 100% clean nuclear energy, through a new retail pilot program in Washington, D.C.
Constellation Announces Changes to Board of Directors
Constellation (Nasdaq: CEG), the nation’s largest producer of reliable, emissions-free energy, announced today the appointment of Peter Oppenheimer and Eileen Paterson to the Constellation board of directors, while Laurie Brlas, a long-time independent director, will retire from the company’s board effective Dec. 31. Oppenheimer and Paterson will join the board effective December 16, 2024.
Constellation Reports Third Quarter 2024 Results
Constellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the third quarter of 2024.
Constellation Energy Corporation Declares Dividend
The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) declared a quarterly dividend of $0.3525 per share on Constellation’s common stock. The dividend is payable on Dec. 6, 2024, to shareholders of record as of 5 p.m. Eastern time on Nov. 15, 2024.
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3 Stocks Driving the Shift to Nuclear Energy for AI PowerHyperscalers like Microsoft, Amazon, and Google are adopting nuclear energy and SMRs to sustainably power AI data centers and meet rising energy demands.
Constellation Foundation Launches $1M Environmental Initiative to Protect Natural Resources, Wildlife in Nuclear Plant Communities
Constellation (Nasdaq: CEG), the nation’s largest producer of emissions-free energy and a leading supplier of energy products and services, announced today $1 million in grant funding through the Constellation Foundation to support 35 conservation projects as part of the company’s commitment to creating cleaner, healthier environments in the communities it serves.
2 Uranium Stocks Fueling Growth From the Nuclear Power SurgeUranium stocks surge after a power deal between Constellation Energy and Microsoft. Discover how Uranium Royalty and Denison Mines benefit from this trend.
2 Energy Stocks Fueling the AI Datacenter BoomAI’s growth is driving massive power demand for data centers. Learn how Constellation and Talen Energy are powering this boom, providing clean energy solutions.
Brookfield Renewable: Capitalize on the AI and Green Energy BoomBrookfield Renewable Partners L.P. (
NYSEBEP) owns renewable energy facilities and green energy assets. It's one of the largest renewable energy platforms.
MarketBeat Week in Review – 9/23 - 9/27Stocks had a mostly bullish week as stimulus efforts in the U.S. and China enhanced risk-on sentiment, but next week's jobs report could spark a larger rally
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Constellation Energy's Nuclear Deal With Microsoft Is a Home RunConstellation Energy just sealed a 20 year deal to supply a hyperscaler with clean energy. It's a huge win for the nation largest nuclear energy producer.
3 Uranium Stocks To Gain as Microsoft Goes Nuclear to Power AIMicrosoft plans to power its data centers with clean nuclear energy through a 20-year power purchase agreement with Constellation Energy.
Constellation to Launch Crane Clean Energy Center, Restoring Jobs and Carbon-free Power to the Grid
Constellation (Nasdaq: CEG) announced today the signing of a 20-year power purchase agreement with Microsoft that will pave the way for the launch of the Crane Clean Energy Center (CCEC) and restart of Three Mile Island Unit 1, which operated at industry-leading levels of safety and reliability for decades before being shut down for economic reasons exactly five years ago today. Under the agreement, Microsoft will purchase energy from the renewed plant as part of its goal to help match the power its data centers in PJM use with carbon-free energy.
Constellation’s Clean Energy Centers Faced Climate Crisis Head-On With Near Full Power Summer Performance
As the country endured yet another brutal summer of extended heatwaves and extreme weather brought upon by climate change, Constellation’s carbon-free clean energy centers ran at nearly full power. The company’s 21 nuclear reactors at 12 sites from the Midwest to the Mid-Atlantic and Northeast operated at a 98.1% capacity factor during the months of June, July and August to keep the lights on and air conditioners humming 24/7 for nearly 15 million homes and businesses.
Rate Cuts a Near Certainty: 3 Stocks You Might Have MissedPosition your portfolio for potential growth by exploring stocks poised to benefit from anticipated interest rate cuts.
MarketBeat Week in Review – 8/5 - 8/9Stocks were looking for direction to end the week, but next week may bring more volatility with the latest reading on inflation and the start of retail earnings
Energy Provider's Stock Skyrockets on Huge Q2 Earnings BeatDuke Energy's shares rose after its Q2 earnings release after reporting higher-than-expected adjusted EPS and plans to invest heavily in capital expenditures.
Nuclear Power Giant's Shares Jump on Raised Full-Year GuidanceConstellation Energy's shares rose after it significantly increased its full-year adjusted EPS guidance on higher energy prices.
Constellation Reports Second Quarter 2024 Results
Constellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the second quarter of 2024.
