Why Constellation Energy Stock Soared 22% on Friday
stellation Energy (CEG) The Motley Fool·2025-01-10 17:56Constellation Energy (CEG 23.65%) stock dominated headlines in 2024 with its announcement of a plan to reopen Three Mile Island and supply nuclear power to Microsoft server farms. Constellation is starting off 2025 with even more news -- and even more share price strength. This morning, the electric utility announced plans to acquire natural gas and geothermal electric utility Calpine Corporation.Investors applauded the move. As of 12:15 p.m. ET, Constellation stock is up 22.5%.The Constellation-Calpine mer ...