President Donald Trump's push to dramatically increase nuclear power in the U.S. will require a tremendous amount of fuel, but the country remains heavily dependent on foreign state-owned companies for its supplies, the CEO of the only publicly traded uranium enricher in the world told CNBC."There's barely enough Western enrichment, if at all, to satisfy existing operating plants," Centrus Energy CEO Amir Vexler said in an interview. "If the nuclear industry is to add all this generation capacity, there wil ...

Key Takeaways CEG benefits from being the largest U.S. nuclear energy provider with a highly reliable, carbon-free fleet. New executive orders to expand nuclear capacity align with CEG's growth strategy and infrastructure strength. CEG stock jumped 26.4% in three months, outpacing the industry's 16.8% gain.Constellation Energy Corporation (CEG) benefits significantly from its nuclear operations, being the largest provider of nuclear energy in the United States. Its nuclear fleet provides a reliable and st ...

A month has gone by since the last earnings report for Constellation Energy Corporation (CEG) . Shares have added about 11.7% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Constellation Energy Corporation due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. How Have E ...

Core Viewpoint - The increasing demand for energy from data centers, particularly driven by generative AI, is expected to benefit nuclear power stocks, especially Constellation Energy, which has secured significant contracts with major tech companies like Microsoft and Meta [1][2][10]. Group 1: Energy Demand and Nuclear Power - Data center energy demand is projected to grow by 160% by 2030, with a significant portion attributed to AI-specific servers [1][5]. - In 2024, data centers consumed 200 terawatt-hours of energy, with AI-specific servers accounting for 27% to 38% of that total [5]. - By 2028, the share of electricity consumed by data centers in the U.S. is expected to triple from 4.4% to 12%, with AI's energy consumption rising at an average annual rate of 32.6% to reach 244 terawatt-hours [6]. Group 2: Constellation Energy's Position - Constellation Energy has seen its stock rise by 29% this year, driven by contracts to supply nuclear power to Microsoft and Meta [2][10]. - The company signed a 20-year agreement with Microsoft worth approximately $16 billion and a similar agreement with Meta for about 1.1 gigawatts of nuclear power starting in 2027 [10][11]. - Despite the positive contracts, Constellation's stock has experienced volatility, with analysts suggesting it may be overvalued [3][13]. Group 3: Market Dynamics and Future Outlook - The nuclear energy sector currently provides 20% of U.S. electricity, but this is expected to increase as demand for nuclear power grows [7]. - Major tech companies, including Meta, Amazon, and Google, have committed to tripling the world's nuclear capacity by 2050, although new capacity may take years to develop [9]. - Talen Energy, another player in the market, has potential upside if it can resolve regulatory issues related to its data center deal with AWS [17].

Meta signed a 20-year deal with a nuclear plant in Illinois, becoming the latest tech giant to partner with the industry to power an expansion into artificial intelligence.Starting in June 2027, Meta will fund approximately 1.1 gigawatts of energy from Constellation Energy’s Clinton Clean Energy Center in Clinton, Ill., which is the entire output from the site’s sole reactor. Just one gigawatt is enough to power nearly 1 million homes. 3 Meta on Tuesday announced it has signed a 20-year deal with a Conste ...

Meta announced Tuesday morning that it was paying billions of dollars to keep an Illinois nuclear power plant running through 2047. The social media company will buy all the “clean energy attributes” of Constellation Energy’s Clinton Clean Energy Center, a 1.1 gigawatt nuclear power plant in central Illinois, starting in June 2027.Electricity will still flow to the local grid, so Meta’s purchase won’t directly power one of its data centers, though the company does have one about two hours north of Clinton i ...

Wall Street recorded a historically strong May with the S&P 500 posting its best May performance since 1990, rising over 6% in the month, its biggest monthly gain since November 2023. The rally defied the traditional "Sell in May and Go Away" adage, driven by easing trade tensions, robust corporate earnings, and renewed investor optimism (read: 5 Sector ETFs That Beat the Market in May).SPDR S&P 500 ETF Trust (SPY) , the proxy version of the S&P 500 Index, has gained 6.3% over the past month. While many sto ...

The utility stock is now 45% higher in 2025, and making a run at recordsConstellation Energy Inc (NASDAQ:CEG) stock is up 4.6% to trade at $328.03 at last check, after the utility giant inked a 20-year agreement to supply nuclear power to Meta Platforms' (META) data centers. The company will keep one of its Illinois utility reactors operating through 2047.CEG earlier came just shy of its Jan. 23 record high of $352, but are stalling out at $330, an area that turned away a rally in February. The security is ...

ToplineFacebook parent Meta announced an unprecedented deal with Constellation Energy, the largest American nuclear power plant operator, cementing Meta’s turn to turn to nuclear energy to power its energy intensive, generative artificial intelligence initiatives, and sending Constellation shares surging.AI has made nuclear energy hot again. Pictured is a Constellation nuclear plant in Pennsylvania. Getty ImagesKey FactsMeta inked an agreement to buy all power produced in Constellation’s plant in Clinton, I ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...