Constellation Inks 20-Year Google Deal for 890 MW Nuclear Uprates, $4.3B Investment
CEG sits 22% above its 52-week low of $228.63.
Summary
Constellation signed a 20-year PPA with Google to add 890 MW of nuclear capacity through uprates at 11 PJM units, backed by a $4.3B investment. A separate 15-year deal covers 2,700 MW of supply. This follows recent Amazon and Toyota agreements, extending Constellation's data-center demand pipeline. The uprates leverage existing assets, offering faster, lower-risk capacity growth than new builds. Execution timing and PJM capacity accreditation will determine the return profile.
At the time of this announcement, CEG was trading at $279.50 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $94.8B. 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: Wiseek News.