Constellation Energy Stock Surges on $1 Billion Federal Loan

Shares of Constellation Energy Corp (NASDAQ:CEG) are higher this morning, up 5.5% at $357.93 after the company landed a $1 billion federal loan from the Department of Energy (DoE), facilitating the restart of its discarded nuclear plan, Three Mile Island Unit 1. The plan was first brought to light in late 2024 after Constellation Energy penned a 20-year deal with Microsoft (MSFT). Earlier this month the company reported worse-than-expected Q3 results and lowered its full-year outlook. The overhead $360 ceil ...