Why Constellation Energy Stock Soared 22% on Friday
Constellation Energy (NASDAQ: CEG) stock dominated headlines in 2024 with its announcement of a plan to reopen Three Mile Island and supply nuclear power to server farms. Constellation is starting off 2025 with even more news -- and even more share price strength. This morning, the electric utility announced plans to acquire natural gas and geothermal electric utility Calpine Corporation.
Investors applauded the move. As of 12:15 p.m. ET, Constellation stock is up 22.5%.
Constellation says that after merging with Calpine, it will be the biggest electric utility in America, with 2.5 million customers, and also the nation's largest clean energy provider.
Source Fool.com
Microsoft Corp. Stock
€333.30
1.990%
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