Amazon Inks 20-Year Nuclear PPA with Constellation for 690 MW at Calvert Cliffs
CEG is trading near its 52-week low of $228.63 (11% above the low).
Summary
Constellation and Amazon announced a 20-year power purchase agreement covering 690 MW from Calvert Cliffs, including a 190 MW uprate, with over $3B in Maryland infrastructure investment. The deal provides revenue certainty for relicensing the plant and supports future clean energy development. This follows Constellation's recent nuclear PPAs and its strong Q2 guidance raise. The agreement locks in long-term demand from a major hyperscaler, reinforcing Constellation's nuclear growth story.
At the time of this announcement, CEG was trading at $254.38 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $90.1B. The 52-week trading range was $228.63 to $412.70. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.