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Why Constellation Energy Rallied in October


Shares of independent power producer Constellation Energy (NASDAQ: CEG) rallied 14.6% in October, according to data from S&P Global Market Intelligence.

Constellation didn't report earnings during the month; that will actually happen today. However, enthusiasm over the AI build-out grew in October, while analysts picked Constellation as a top power producer, given its leading nuclear fleet and impending $16.4 billion acquisition of Calpine.

Image source: Getty Images.

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Source Fool.com

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