From Yahoo Finance: 2025-05-06 11:27:00

Constellation Energy exceeded first-quarter revenue estimates and maintained its full-year profit forecast due to the rising demand for AI-powered electricity. Despite a Q1 profit below expectations, the company’s revenue surged over 10% to $6.79 billion, with adjusted EPS of $2.14 falling short. The $26.6 billion acquisition of Calpine is set to close by year-end. Shares jumped nearly 10%.

CEO Joe Dominguez emphasized Constellation’s commitment to meeting national power needs and supporting the growth of AI technology. The company’s acquisition of Calpine, announced in January, is progressing as planned and is expected to be finalized by the end of the year. Constellation Energy’s shares have risen more than 20% this year, with a 9% increase on Tuesday alone.

Read more: Constellation Energy Stock Soars as Strong AI Power Demand Lifts Q1 Revenue