Constellation Energy signed two 20-year power purchase agreements: one with Amazon on Sept. 30 for 690 MW, including a 190-MW uprate at its Calvert Cliffs plant that Amazon helps fund, and one with Google on Oct. 6 that would help bring 890 MW of new nuclear capacity online in the PJM region. As an independent power producer that owns the largest U.S. nuclear fleet, Constellation sells power at prevailing market prices, and its long-term take-or-pay deals lock in revenue on a large part of its assets while helping fund plant upgrades. The article says that if Constellation delivers its uprates, capacity expansions and the Crane Clean Energy Center project under its Microsoft deal, it could see double-digit growth over the next decade. It also describes a scenario in which the stock reaches $700 per share if the contracts translate into long-term earnings growth.
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Related tickers and likely impact
AMZN
• NeutralAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.6T |
| Close on 10/28/2026 | 254.60 |
| Change that session | +0.59% |
GOOGL
• NeutralAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $3.5T |
| Close on 10/28/2026 | 324.89 |
| Change that session | +1.34% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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