Big Tech Keeps Signing Nuclear Deals With the Same Company. Here's Who It Is and Why That Matters More Than Any Single Deal.
Constellation Energy just inked another nuclear power deal, underscoring how well the company is positioned to meet demand.
CEG - Constellation Energy Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$352.33
DETAILS
HIGH:
$441.00
LOW:
$296.00
MEDIAN:
$356.00
CONSENSUS:
$352.33
UPSIDE:
17.03%
Stock News
Can Google's Nuclear Deal Strengthen Constellation Energy's Growth Outlook?
CEG's Google deal adds 890 MW of nuclear capacity, supports $4.3B in upgrades and boosts long-term revenue visibility.
Constellation Energy Corporation (CEG) Moves 12.3% Higher: Will This Strength Last?
Constellation Energy Corporation (CEG) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Google's Power Deal Fuels Fresh Interest in Nuclear Stocks
Google's 20-year nuclear power deal sparked fresh interest in TLN, OKLO and SMR as investors weighed data-center demand and future nuclear growth.
Here Are Wednesday’s Top Wall Street Analyst Research Calls: Abbott Laboratories, AppFolio, Delek US Holdings, Flutter Entertainment, Honeywell Aerospace, Intuitive Surgical, Marvell, NetApp, and More
Stocks shattered records again Tuesday while oil surged, gold hit new highs, and crypto swung wildly, setting the stage for a fresh wave of analyst moves on names like Marvell, Intuitive Surgical, and NetApp that could reshape portfolios heading into the rest of the week.
Google Signs Nuclear Deal With Constellation Energy
At least 890 megawatts of this supply will come from Constellation's nuclear fleet. Financial terms weren't provided, but Constellation did say it will devote over $4 billion to expanding and modernizing that fleet.
Australian uranium miners rally after Google's power deal with Constellation Energy
Australian uranium miners logged their best session in weeks on Wednesday after Alphabet's Google agreed to buy power from US nuclear energy major Constellation Energy , potentially raising the demand for uranium.
Constellation Energy Surges 12% on Google Nuclear Power Deal | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Sally Bakewell, Carol Massar and Jess Menton. -------- More on Bloomberg Television and Markets Like this video?
FuelCell Energy Stock Gains 14% Today — Here's Why
FuelCell Energy Inc. (NASDAQ:FCEL) climbed Tuesday after a major nuclear power deal between Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) and Constellation Energy Corp. (NASDAQ:CEG) gave traders fresh evidence that demand for AI computing power is far from slowing down.
Why Constellation Energy Rallied Today
Alphabet signed a long-term agreement for Constellation Energy's nuclear power, which will provide funding for Constellation's expansion. Additionally, Constellation will use Google Cloud and Gemini Enterprise to help boost efficiency.
Constellation Energy's Google Deal Shows Why Nuclear Uprates Matter for AI
Constellation Energy TodayCEGConstellation Energy$298.66 +31.04 (+11.60%) As of 03:22 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$228.63▼$412.70Dividend Yield0.57%P/E Ratio29.18Price Target$351.76Add to WatchlistConstellation Energy NASDAQ: CEG shares jumped on Tuesday, Oct. 6, after Alphabet's NASDAQ: GOOGL Google signed two long-term power deals with the nuclear operator.
Department of Energy Announces a New Multibillion-Dollar Nuclear Energy Deal
Vistra just landed a conditional $4.2 billion DOE loan. The deal reveals something much bigger for investors in nuclear energy stocks.
Google and Constellation Energy Strike a Sweeping Nuclear-Power Deal
The deal is the largest-ever “uprate” project, one that squeezes more power out of existing reactors, between a nuclear power provider and a tech company.
Google signs a 20-year nuclear power deal with Constellation: Why utility stocks still lag
Alphabet has agreed to buy 20 years of nuclear power from Constellation Energy, covering 890 megawatts of new power that Constellation will spend $4.3 billion to bring online on the PJM grid. Yahoo Finance Host Julie Hyman, Breaking Business News Reporter Jake Conley and Senior Autos Reporter Pras Subramanian break down Big Tech's growing list of nuclear deals, why power has become one of the AI buildout's biggest bottlenecks, why behind-the-meter power may only temporarily ease stress on the grid, and why utility stocks, including Constellation, are lagging the rest of the AI infrastructure trade.
Constellation Energy stock is soaring and it has Google to thank
Constellation Energy (CEG) shares are ripping higher on October 6th after management announced a massive clean energy partnership with Google. The agreement will see Google invest in nuclear uprates across 11 of CEG facilities in three states.
Billionaire Philippe Laffont's $1.2 Billion Constellation Bet Gets a Google AI Boost
The most interesting thing about Constellation Energy Corp‘s (NASDAQ:CEG) latest AI-power deal is not simply that Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google needs more electricity.
Google, Constellation Energy Strike Nuclear Power Deal
Google parent Alphabet Inc. agreed to buy nuclear power from Constellation Energy in a 20-year power-purchase agreement that will drive more than $4.3 billion in investments to upgrade systems at 11 Constellation reactors. Ed Ludlow has more on "Bloomberg Open Interest.
Constellation Energy Soars 12% on Google Nuclear Deal for 890 MW; Vistra Jumps 8%, Talen Energy Climbs 7%
A hyperscaler just committed two decades of demand. That demand is for firm, around-the-clock nuclear power, and the merchant nuclear group is repricing around that signal, led by Constellation Energy (NASDAQ:CEG | CEG Price Prediction).
Google strikes 20-year Constellation deal to add 890MW of nuclear power
Alphabet Inc (NASDAQ:GOOG)'s Google has signed a 20-year power purchase agreement with Constellation Energy (NASDAQ:CEG), the US nuclear power producer, to add 890 megawatts of new nuclear capacity to the PJM electricity grid. The agreement will fund upgrades at 11 existing Constellation nuclear units across Illinois, Pennsylvania and New Jersey, increasing their thermal and electrical efficiency and expanding the amount of power available to the grid.
SPX on Verge of Record High, AMD Surges & CEG Rallies on GOOGL Power Deal
Futures indicate the S&P 500 (SPX) is knocking on the door of a new all-time high, though Kevin Green says there are key technicals to watch if the index breaks out. A downtick in crude oil prices is another key factor backing bullish sentiment Tuesday morning.
Price Targets
Constellation Energy price target lowered to $350 from $379 at BMO Capital
$350.00
(was $258.92)
BMO Capital
Constellation Energy price target raised to $369 from $364 at Morgan Stanley
$369.00
(was $258.04)
Morgan Stanley
Constellation Energy price target lowered to $374 from $393 at BNP Paribas
$374.00
(was $271.24)
BNP Paribas
Constellation Energy (CEG) PT Lowered to $325 at Argus
$325.00
(was $270.43)
John Eade
·
Argus Research
Constellation Energy price target raised to $379 from $376 at BMO Capital
$379.00
(was $261.10)
James Thalacker
·
BMO Capital
Constellation Energy price target lowered to $376 from $386 at BMO Capital
$376.00
(was $273.71)
James Thalacker
·
BMO Capital
Constellation Energy price target lowered to $380 from $388 at UBS
$380.00
(was $265.28)
UBS
Constellation Energy price target lowered to $324 from $358 at Barclays
$324.00
(was $270.00)
Barclays
Constellation Energy price target lowered to $362 from $384 at Wells Fargo
$362.00
(was $274.35)
Wells Fargo
Constellation Energy price target raised to $366 from $364 at Morgan Stanley
$366.00
(was $271.40)
Morgan Stanley
Constellation Energy price target raised to $364 from $359 at Morgan Stanley
$364.00
(was $272.25)
Morgan Stanley
Constellation Energy initiated with a Neutral at Goldman Sachs
$305.00
(was $267.17)
Goldman Sachs
Constellation Energy initiated with an Outperform at Bernstein
$296.00
(was $268.00)
Bernstein
Constellation Energy price target lowered to $359 from $361 at Morgan Stanley
$359.00
(was $285.62)
Morgan Stanley
Constellation Energy price target raised to $310 from $300 at Mizuho
$310.00
(was $299.69)
Anthony Crowdell
·
Mizuho Securities
Constellation Energy price target raised to $361 from $360 at Morgan Stanley
$361.00
(was $315.12)
Morgan Stanley
Constellation Energy price target lowered to $441 from $481 at Scotiabank
$441.00
(was $299.26)
Andrew Weisel
·
Scotiabank
Constellation Energy price target lowered to $358 from $360 at Barclays
$358.00
(was $315.17)
Nicholas Campanella
·
Barclays
Constellation Energy price target lowered to $392 from $406 at Raymond James
$392.00
(was $310.19)
Raymond James
Constellation Energy price target lowered to $360 from $385 at Morgan Stanley
$360.00
(was $279.68)
Morgan Stanley