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Nuclear plant operator Constellation Energy's stock is up more than 80% this year on AI-related bets. ... power demand from data centers in the US is expected to more than double by 2030 thanks to ...
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.
Constellation Energy shares climbed 3% Friday while Vistra Corp's stock jumped 7%. Analysts are bullish on nuclear stocks as tech companies look to supply power-hungry data centers.
The company was known as Constellation Energy Group (former NYSE ticker symbol CEG), a Fortune 500 company and one of the largest electricity producers in the United States, until a merger with Exelon in 2012. [3] When FERC approved the acquisition, Constellation Energy's energy supply business was re-branded as Constellation, an Exelon company.
Even with Monday's drop, Constellation Energy stock is up more than 90% this year and is among the best-performing stocks in the S&P 500 ... ahead of Wall Street’s forecast of $2.65, according ...
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Constellation Energy wasn’t one of them. The 10 stocks that ...