Constellation Energy surges 25% after acquiring Calpine, focuses on clean energy expansion

From Zacks Investment Research: 2025-01-14 04:38:30

Constellation Energy (CEG) saw a 25% surge after acquiring Calpine, becoming the nation’s largest clean energy company. With a Zacks Rank #2, CEG outperformed big tech AI stocks like Nvidia. Constellation benefits from U.S. government support for nuclear power and aims to triple its capacity by 2050. The company raised its dividend by 25% in 2024 and is focusing on next-gen technologies. The recent $26.6 billion deal with Calpine expands CEG’s reach into Texas and California, aligning with America’s move towards cleaner energy sources. CEG stock has soared 475% in the past three years, outperforming peers like Nvidia, Meta, and Microsoft.



Read more at Zacks Investment Research: Zacks Investment Ideas feature highlights: Constellation Energy, Microsoft, Nvidia and Meta – January 14, 2025