Constellation’s stock soared on AI hopes. Now the energy company is using those gains to buy Calpine in $16 billion deal.
Constellation Energy Corp., an electricity provider whose stock has doubled over the last year on hopes it will help meet the voracious energy demand created by artificial-intelligence technologies, on Friday reached a $16.
Constellation Energy stock surges after $16.4B Calpine deal
Constellation Energy (CEG) is in focus, with its shares surging after it agreed to buy natural gas (NG=F) giant Calpine for $16.4 billion, creating the largest US power station fleet. Constellation stated that it will boost operating earnings per share by over 20% by 2026.
Baltimore-based Constellation, the nation’s largest operator of nuclear power plants, is acquiring Calpine Corp.
Constellation Energy shares shot 25% higher today as the company confirmed its intentions to purchase Calpine. Calpine ...
Constellation Energy jumped Friday after announcing that it will buy Calpine, adding geothermal and more natural gas to its ...
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Separately, Calpine and Constellation are already among the largest power generation companies in the country.
Merger joins nation’s largest nuclear operator with Texas-based major natural gas and geothermal owner to meet rising AI ...
Electricity provider Constellation Energy is in talks to buy privately held Calpine Power for around $30 billion, according ...
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