Constellation Energy Corporation (NASDAQ:CEG) is one of the 12 Set-It-and-Forget-It Stocks to Buy Now. The company gains in monthly performance following the 20-year power purchase agreement with Meta. Constellation Energy Strengthens Performance with Meta Deal and Share Repurchase On August 7, 2025, Constellation Energy Corporation (NASDAQ:CEG) surpassed last year’s second quarter performance with this year’s Q2 GAAP earnings of $2.67 per share and adjusted operating earnings of $1.91 per share. The Q2 ...

Core Viewpoint - Mawson Infrastructure Group Inc. provides an update on its operations, focusing on its digital infrastructure for high-performance computing and digital assets, while emphasizing its commitment to carbon-free energy sources [1][3]. Company Operations - Mawson continues to operate normally across its U.S. footprint, with its facility in Midland, Pennsylvania being a cornerstone site supported by long-term tenure [6]. - The company has engaged advisors and presented a plan to Nasdaq to regain compliance with its continued listing standards, receiving an extension to maintain its listing [6]. Financial Strategy - Mawson has filed a new shelf registration statement on Form S-3 to maintain financial flexibility, allowing the company to offer and sell securities as needed without indicating immediate issuance of new shares [6]. - The leadership is focused on executing the growth strategy while improving the balance sheet and maintaining operational flexibility [6]. Legal Matters - The company is advancing efforts to resolve certain legacy legal matters as part of a broader program aimed at strengthening its balance sheet [6].

Core Insights - Brookfield Asset Management and Google have signed a Hydro Framework Agreement (HFA) to deliver up to 3,000 MW of carbon-free hydroelectric capacity across the U.S., marking the world's largest corporate clean power deal for hydroelectricity [1][2][3] Group 1: Agreement Details - The initial contracts under the HFA involve Brookfield's Holtwood and Safe Harbor hydroelectric facilities in Pennsylvania, totaling over $3 billion and 670 MW of capacity [2][3] - The HFA allows Google to procure carbon-free electricity from hydroelectric assets that will be relicensed, overhauled, or upgraded, ensuring continued power supply to the grid [3][4] Group 2: Strategic Implications - The 20-year Power Purchase Agreements (PPAs) will support Google's operations in the PJM electricity market, while allowing Brookfield to fulfill existing commitments to other power consumers [4] - This partnership highlights the role of hydropower in meeting the energy demands of hyperscale customers, particularly in the context of digitalization and artificial intelligence [4] Group 3: Company Background - Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion in assets under management, focusing on real assets and essential service businesses [5] - Brookfield Renewable Partners operates one of the largest publicly traded platforms for renewable power, with a diverse portfolio including hydroelectric, wind, and solar facilities [6]

Disaster Overview - At least 128 people have died and 166 are still missing in Texas due to catastrophic floods [1] - The affected area experienced what is described as a "500-year event" or even a "one in 10,000-year flood," indicating unprecedented levels of devastation [3][4] Government Response & Criticism - FEMA reportedly failed to answer approximately 66% (two-thirds) of calls to its disaster assistance line due to the firing of call center contractors, raising concerns about the efficacy of the federal response [2] - The Trump administration's response is characterized by claims that the event was unforeseeable and unprecedented, drawing criticism for a lack of preparedness [3][4][5][6] Climate Change Context - Scientists have warned for decades that carbon pollution is causing more frequent and destructive extreme weather events [7] - Data indicates that 9 out of the 10 most extreme one-day precipitation events since 1910 have occurred since 1995, suggesting a link between climate change and increased flood risk [8] Future Implications - The report suggests that floods like the one in Texas are likely to become more frequent and severe in the future [9] - The report implies a need for a significant shift towards carbon-free energy and proactive planning for unexpected weather events [9]

Investment Rating - The report assigns a "Buy" rating to First Solar Inc (FSLR) with a target price of US$160.16 as of June 9, 2025 [112]. Core Insights - AI data centers are a significant driver of electricity demand growth in the U.S., with six major technology companies (Amazon, Microsoft, Google, Meta, Oracle, and Apple) accounting for nearly 20% of the growth in U.S. electricity demand, which grew by 3.2% year-over-year [2][3]. - The report anticipates that the potential loss of U.S. renewable tax credits will not materially impact the demand for renewables from large tech companies, as electricity costs average around 1.3% of their revenue [3][7]. - There is a shift towards hourly matching of renewable energy consumption by corporations, with some companies aiming for 24/7 carbon-free energy by 2030, which will increase the demand for diverse energy generation sources [4][90]. Summary by Sections Electricity Demand Growth - U.S. electricity generation increased by 3.2% year-over-year, equating to an additional 144 TWh [2]. - The six technology companies mentioned are growing their electricity consumption at approximately 30% per annum [2]. Tax Credits and Cost Impact - The estimated loss of U.S. renewable tax credits would have less than a 25 basis points impact on operating margins across the technology sector [3][11]. - Electricity costs are projected to average around 1.3% of revenue for the companies analyzed, indicating minimal impact from potential tax credit losses [3][7]. Corporate Renewable Targets - Corporations primarily meet renewable targets through Power Purchase Agreements (C-PPAs), which allow them to match their total annual non-renewable electricity consumption with renewable energy [4][89]. - Companies are increasingly focusing on achieving hourly matching of renewable energy consumption, which will require a more diverse energy generation mix [4][90]. Technology Company Insights - Amazon's electricity consumption was reported at 30.9 TWh in 2021, with a commitment to match 100% of its electricity with renewable sources by 2023 [25][26]. - Microsoft reported a 180% increase in electricity consumption since 2020, with electricity costs making up only 1.8% of its revenue in 2024 [40]. - Google's electricity consumption grew by 17% year-over-year in 2023, with a goal of operating on 24/7 carbon-free energy by 2030 [46]. - Meta has maintained net zero emissions since 2020 by matching 100% of its electricity use with renewable energy [53]. - Oracle's electricity consumption increased by 55% year-over-year in 2023, with electricity costs representing a small fraction of its revenue [56]. - Apple's electricity usage is significantly lower than its peers, accounting for only an estimated 0.14% of its revenue in 2023, but it is pushing for renewable energy in its supply chain [57]. Market Dynamics - The report highlights that if the growth rates of the six technology companies continue at approximately 25% per annum, their annual incremental electricity demand will exceed the entire U.S. utility-scale solar industry's generation growth by early 2028 [64][68]. - The corporate renewable demand is dominated by solar energy, which comprised 87% of the C-PPA market in 2025 [62].

Core Insights - Alphabet is focusing on reducing the costs of building new nuclear reactors through a partnership with Kairos Power, aiming to deploy small modular reactors [1][4] - The tech sector has significantly invested in nuclear projects to meet the increasing electricity demand driven by artificial intelligence, emphasizing the need for reliable, carbon-free energy [2] - There are challenges in the U.S. nuclear sector, including cost overruns and delays, necessitating immediate action from both public and private sectors to replicate construction processes and lower costs [3][5] Company Initiatives - Google has entered a deal to purchase power from small modular reactors being developed by Kairos Power, with plans to have the first plant operational by 2030 and additional reactors by 2035 [4] - Ruth Porat highlighted the importance of starting the construction of multiple reactors now to effectively drive down costs [5] Industry Context - NextEra's CEO John Ketchum stated that nuclear energy is unlikely to be a viable power solution until 2035 or later, while renewables are currently the quickest and cheapest option to meet rising energy demands [5][6] - NextEra projects a sixfold increase in power demand over the next 20 years, with 17% of that growth attributed to data centers [7] - The U.S. has seen a significant increase in renewable energy installations, with 175 gigawatts added in the past five years compared to only 3 gigawatts of nuclear [7] Future Prospects - NextEra is exploring the possibility of restarting the shuttered Duane Arnold nuclear plant in Iowa, alongside other potential nuclear restarts [8] - There is a significant opportunity for co-locating small modular reactors at existing sites, but the industry needs to narrow down the number of companies involved to a more manageable number [9]