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Nuclear Stock Surges on Power Deal With Meta
CEGstellation Energy (CEG) Schaeffers Investment Research·2025-06-03 14:47

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 328.03atlastcheck,aftertheutilitygiantinkeda20−yearagreementtosupplynuclearpowertoMetaPlatforms′(META)datacenters.ThecompanywillkeeponeofitsIllinoisutilityreactorsoperatingthrough2047.CEGearliercamejustshyofitsJan.23recordhighof328.03 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 ...