Constellation Energy shares jump on Alphabet energy deal
US power company Constellation Energy's shares rose 12.2% to $300.3 after Google parent Alphabet entered into a multi-year deal to buy 3,590 megawatts of power from CEG. The deal includes over $4.3 billion in new investment by Constellation and will expand capacity at several nuclear reactors.
3 after Alphabet’s Google parent entered into a multi-year power deal with the company. The stock was on track for its steepest one-day rise since April 2025 if gains hold. 3 billion in new investment by Constellation. The investment is set to expand capacity at several nuclear reactors in the Midwest and Mid-Atlantic regions.
Google also signed a 20-year agreement to buy 890 MW of power from multiple Constellation nuclear plants, along with a long-term supply agreement for an additional 2,700 megawatts. 62. 7% YTD.