This Energy Provider Is Latest Beneficiary of Trump's Nuclear Push With $1B Loan to Restart Three Mile Island Reactor

Core Insights - Constellation Energy (CEG) shares surged after the announcement of a federal loan of up to $1 billion to restart a nuclear reactor at Pennsylvania's Three Mile Island [1][5] - The stock price increased over 5% recently, contributing to a year-to-date gain of nearly 60% [2] - The demand for nuclear energy is rising due to the needs of AI data centers, with tech companies like Microsoft securing long-term nuclear energy supplies [3] Company Developments - CEO Joe Dominguez highlighted the government's swift decision on the loan as a significant step towards adding reliable nuclear power to the grid [2] - Constellation has a 20-year agreement with Microsoft to supply electricity for its AI data centers, indicating a strategic partnership [3] - The loan will be utilized to bring back Unit 1 of Three Mile Island, which has been inactive for five years [4] Industry Context - The nuclear energy sector is experiencing a boost from increased demand driven by AI technology and supportive federal policies [3] - Other nuclear energy companies, such as Vistra (VST) and Oklo (OKLO), have also seen significant stock price increases, with Vistra up about 30% and Oklo shares nearly quintupling in value [2]