Constellation Energy (CEG) Stock Movement Summary Constellation Energy's stock rallied following several announced agreements and business developments: CyrusOne Data Center Deal: Constellation Energy's Calpine LLC unit signed a 380-megawatt power supply agreement with data-center operator CyrusOne for a new facility adjacent to the Freestone Energy Center in Texas. The deal includes an option for a second phase, bringing total commitment to CyrusOne facilities in Texas to over 1,100 megawatts. Additional Contracts: Constellation announced a 20-year agreement to serve as the Preferred Energy Source for the new Nissan Stadium and Tennessee Titans, effective upon the stadium's opening in 2027. The company will operate an on-site energy plant. Existing Partnerships: Constellation has long-term agreements with Microsoft and Meta to supply electricity for AI-focused data centers and plans to restart the Three Mile Island nuclear reactor. Analyst Support: Wells Fargo maintained an Overweight rating with a $460 price target, while Bank of America Securities and UBS maintained Buy ratings.
Read full analysisConstellation Energy (CEG) Stock Movement Summary Constellation Energy's stock rallied following several announced agreements and business developments: CyrusOne Data Center Deal: Constellation Energy's Calpine LLC unit signed a 380-megawatt power supply agreement with data-center operator CyrusOne for a new facility adjacent to the Freestone Energy Center in Texas. The deal includes an option for a second phase, bringing total commitment to CyrusOne facilities in Texas to over 1,100 megawatts. Additional Contracts: Constellation announced a 20-year agreement to serve as the Preferred Energy Source for the new Nissan Stadium and Tennessee Titans, effective upon the stadium's opening in 2027. The company will operate an on-site energy plant. Existing Partnerships: Constellation has long-term agreements with Microsoft and Meta to supply electricity for AI-focused data centers and plans to restart the Three Mile Island nuclear reactor. Analyst Support: Wells Fargo maintained an Overweight rating with a $460 price target, while Bank of America Securities and UBS maintained Buy ratings.
Constellation Energy Corporation (CEG) is a publicly traded company in the Utilities sector.