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Constellation Energy stock fell 12.5% Monday amid a broader decline in nuclear power stocks following the US government's rejection of another Big Tech nuclear power agreement late Friday.
On September 15, 2005, Constellation Energy announced a joint venture, UniStar Nuclear, with Areva to market the European Pressurized Reactor (EPR) in the United States. On December 19, 2005, FPL Group, Inc. announced the acquisition of Constellation Energy in a merger transaction valued at more than $11 billion, as well as the fact that it would adopt Constellation Energy as its name for the ...
The Motley Fool recommends Constellation Energy and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft.
As of 10 a.m. ET, Constellation stock itself is up a strong 14.4%, while nuclear upstarts NuScale Power Corporation (NYSE: SMR) and Nano Nuclear Energy (NASDAQ: NNE) have gained 13% and 15% ...
According to Constellation Energy, data centers are expected to help boost electricity demand from a 2.5% annualized growth rate in 2022 to as much as 7.5% in 2030.
Now, Constellation is planning to invest to bring TMI-1's systems back up to operating readiness, which will involve overhauls of the reactor's cooling systems, turbines and power transformers.
In 2009, Shattuck released a statement on behalf of Constellation Energy backing a bill named the American Clean energy Security Act of 2009 which limited carbon emissions and promoted green energy generation. [30] Lastly and most notably, Shattuck is an outspoken advocate for American nuclear energy.
Shares of data center infrastructure company Vertiv Holdings (NYSE: VRT), as well as nuclear power-oriented companies Constellation Energy (NASDAQ: CEG) and NuScale Power (NYSE: SMR) were rallying ...