Key Takeaways Constellation Energy's plan to restart the Three Mile Island Unit 1 nuclear plant to power Microsoft data centers got good reviews from analysts. Barclays called the plan "positive" for the company and others in the sector. KeyBanc raised its price target on the stock and said the deal with Microsoft "suggests attractive economics." Constellation Energy (CEG) has received positive analysts' reports after the power utility's announcement last Friday it would be restarting Pennsylvania's Three M ...

Core Viewpoint - The reopening of Unit 1 at the Three Mile Island nuclear power plant by Constellation Energy is driving a surge in nuclear power stocks, indicating a renewed interest in nuclear energy as a viable power source for large-scale operations like Microsoft’s data centers [1][2][5]. Group 1: Company Developments - Constellation Energy announced it will restart Unit 1 at Three Mile Island to supply 835 megawatts of carbon-free energy, particularly for Microsoft [5]. - The reopening will require significant investments for restoration and a comprehensive safety review, with hopes to complete the process by 2028 [5]. - Constellation's stock rose by 14.4% following the announcement, reflecting positive market sentiment [2]. Group 2: Industry Implications - The decision to reopen Three Mile Island signals a growing interest in nuclear energy, potentially leading to increased investment in new nuclear power designs from companies like NuScale Power, Nano Nuclear Energy, and Oklo [7]. - These smaller nuclear companies, valued below $1 billion each, may benefit from the renewed focus on nuclear energy, although they remain speculative investments with limited revenue [8]. - The reopening of Three Mile Island provides a four-year window for these companies to advance their projects while Constellation works on the plant [7].

In the latest trading session, Constellation Energy Corporation (CEG) closed at $200.33, marking a -0.45% move from the previous day. This move lagged the S&P 500's daily loss of 0.29%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 0.31%. Shares of the company have appreciated by 5.51% over the course of the past month, outperforming the OilsEnergy sector's loss of 2.45% and the S&P 500's gain of 1.57%. The investment community will be closely monitoring the perform ...

The latest trading session saw Constellation Energy Corporation (CEG) ending at $189.93, denoting a +1.43% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.75%. Elsewhere, the Dow saw an upswing of 0.58%, while the tech-heavy Nasdaq appreciated by 1%. Shares of the company have appreciated by 0.59% over the course of the past month, outperforming the OilsEnergy sector's loss of 4.12% and lagging the S&P 500's gain of 4.03%. Market participants will ...

Steve Allen Introduction A few years ago, when looking at the energy transition and electric vehicle impact on electricity demand the consensus was that it could add 1% to yearly demand, much as what occurred in the 50-70s with the advent of microwaves, A/C, and hairdryers. Then came climate change and the fact that the world is getting hotter and the need for A/C has increased and so should electricity demand. The last and most recent demand driver is linked to the development of AI and the infrastructure ...

Walter Bibikow/DigitalVision via Getty Images Constellation Energy Corporation (NASDAQ:CEG) is well known for its nuclear energy production, which it sells to grids like PJM and directly to co-located data centers. Both routes have been the source of tremendous growth for the company. Given the growth rate, it may appear that CEG's 24X forward multiple is cheap, but I believe that a significant portion of the growth will reverse due to factors outside of the company's control. Explosive growth Constellation ...

In this article SMR D SO CEG watch now Nuclear plants could become smaller, simpler and easier to build in the future, potentially revolutionizing a power source that is increasingly viewed as critical to the transition away from fossil fuels. New designs called small modular reactors, or SMR in shorthand, promise to speed deployment of new plants as demand for clean electricity is rising from artificial intelligence, manufacturing and electric vehicles. At the same time, utilities across the country are re ...

From a technical perspective, Constellation Energy Corporation (CEG) is looking like an interesting pick, as it just reached a key level of support. CEG recently overtook the 50-day moving average, and this suggests a short-term bullish trend. One of the three major moving averages, the 50-day simple moving average is commonly used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day is considered to be more important since it's the first m ...

TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Cerro Grande Mining Corporation (the "Company" or "CEG") (CSE:CEG) reported its unaudited results for the third fiscal quarter ended June 30, 2024 compared to the same quarter in 2023. These financial statements and MD&A have been filed on SEDAR and the Company refers the reader to those materials for additional information. Cerro Grande Mining Corporation is an exploration and development company with properties and activities currently focused in Chile. Cautionar ...

Shares of Constellation Energy Corporation (CEG) have rallied 86.4% over the past year compared with its industry's growth of 28.7%. CEG continues to add clean energy to the grid through its efficient operation of nuclear plants and extending the lives of existing plants through new licenses. The solid year-to-date performance of Constellation Energy allowed it to increase its guidance for 2024 earnings per share. The CEG stock has also outperformed its sector and the S&P 500 over the past year. One-Year Pr ...