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Why Constellation Energy Plunged Today

TheMotleyFool

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Shares of Constellation Energy (NASDAQ: CEG) fell 5.2% on Wednesday.

Constellation has been a hot stock over the past year, as it's the largest U.S.-based nuclear power provider; additionally, Constellation just closed its acquisition of Calpine, which was more concentrated in natural gas and geothermal power, turning the company into a true energy powerhouse.

However, shares fell today after the February Consumer Price Index (CPI) report showed a somewhat surprising month-over-month decline in electricity prices, even as long-term bond yields rose.

Source Fool.com

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