The Trump administration is offering Constellation Energy Corp. up to $5 billion in financing, through a conditional loan commitment, to upgrade its reactor fleet in Illinois, Maryland and Pennsylvania. According to the Energy Department, the projects are expected to add nearly 1.1 gigawatts of electricity, and the financing includes an option to fund future uprates at other Constellation facilities. Upgrades that boost output at existing plants are seen as a faster and cheaper route than new reactors, which can take a decade or more to permit and build; the department said 96% of an executive-order goal of adding 5 gigawatts through such upgrades has been achieved. Constellation shares gained as much as 5.3% during the session and were up 2.8% at $259.63 at 11:39 a.m. in New York.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
electricityConstellation EnergyDonald Trumpenergy security
Open a keyword to see other news on the same topic.
Related news
- Constellation Just Signed 20-Year Deals With Amazon and Google. Where Will the Nuclear Energy Stock Be in 10 Years?
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.
- What Constellation Energy Stock's $5b DOE Loan Means For Shareholders
Constellation Energy has secured a conditional loan commitment of up to US$5b from the U.S. Department of Energy to fund nuclear uprates at eight existing clean energy centers, which would add about 1.1 gigawatts. Together with long-term agreements with Google, Amazon and Meta, the article says the company is focusing on contracted output from its existing nuclear fleet rather than building new reactors. Consensus analyst forecasts assume revenue grows 8.5% per year and profit margins rise from 11.1% to 16.2% by 2029, with earnings reaching US$6.5b versus US$3.5b today. The consensus price target of US$341.53 is 24.6% above the recent share price of US$257.49, with targets ranging from US$290 to US$395. The article also flags risks including nuclear policy, compliance costs, and the end of Illinois Zero Emissions Credits after 2027.
- Constellation Energy Pledges 890 MW of Uprates for Google: “Growing Energy Needs”
Constellation Energy (CEG) signed a 3,590 MW package with Google, including a 20-year PPA for 890 MW of new nuclear capacity from uprates at 11 units in Illinois, Pennsylvania and New Jersey, plus a 15-year supply agreement for 2,700 MW from the existing PJM fleet. Constellation plans more than $4.3 billion of investment, with the first uprate online in 2028 and all 890 MW in place by the end of 2032. Shares closed at $253 on October 23, down 30.5% year to date and 38% below the 52-week high of $406.04, even as the NRC opened a special inspection at the Dresden plant on October 14. Q2 revenue rose 23% to $7.50 billion and adjusted operating EPS rose 33% to $2.55, and management raised 2026 adjusted operating EPS guidance to $11.50–$12.50 ahead of the November 9 Q3 report. Nuclear output fell 2.2% in Q2 to 44,160 GWh; the author says the long-dated contracts could make earnings more predictable, while operational risk, especially the Dresden inspection, remains the key question.
- Constellation Energy vs. GE Vernova: Which Utilities Stock Is a Better Buy in 2026?
This article compares Constellation Energy (CEG) and GE Vernova (GEV) as data centers and AI drive demand for reliable carbon-free power. Constellation is described as the largest U.S. producer of carbon-free energy, serving about 2.5 million customer accounts and holding nuclear power agreements with Microsoft and Meta. For FY 2025, Constellation reported revenue of nearly $25.5 billion (up roughly 8.3%), net income near $2.3 billion, a net margin of about 9.1% versus nearly 15.9% in FY 2024, and free cash flow near $1.3 billion. GE Vernova reported FY 2025 revenue near $38.1 billion (up roughly 8.9%), net income of about $4.9 billion, a net margin near 12.8%, and free cash flow near $3.7 billion. The author favors Constellation Energy, while the article notes risks such as wholesale power price volatility for Constellation and competition from Siemens Energy and Mitsubishi Electric for GE Vernova.
- Musk Says AI Is Short on Power. Here’s Why Constellation Energy Still Has a Rules Problem
Constellation Energy (CEG) closed up 4.60% at $270.74 on October 21, 2026, a day after SpaceX CEO Elon Musk said the constraint on deploying superintelligence lies more in power, cooling and infrastructure than in chips. The bigger issue came on October 9, when FERC rejected most of PJM's data center framework, three days after Google signed a 20-year, 890-megawatt uprate deal with Constellation. Management had said regulatory ambiguity was the worst thing for deal execution, but added that already signed contracts did not depend on the PJM and FERC outcomes. The mean analyst target slipped to around $338 from around $343, below Morgan Stanley's new $378. Third-quarter results, expected in early November, will show whether the FERC decision has slowed new contracting.
- Should You Buy NuScale at $6 After the Google Rally? Here's the Next Catalyst That Could Send It Higher.
Google signed a 20-year power purchase agreement with Constellation Energy, and Constellation's stock rose 12% after the October 6 announcement, lifting other nuclear stocks. NuScale Power (SMR), an early-stage developer of small modular reactors, trades below $6 and is largely story-driven. The stock has fallen more than 90% from its peak of about $57, weighed down by weak nuclear stocks, Fluor exiting its stake, and no new commitments for its technology. The article says a firm deal with the Tennessee Valley Authority through ENTRA1's non-binding agreement for up to 6 GW (requiring up to 72 NuScale modules) could be a major catalyst, but without firm commitments the stock may fall further.
Related markets
Latest news
- It may take weeks to tally the midterm election results. Here’s why Wall Street isn’t worried.
The article stresses that economic and political uncertainty must be distinguished when assessing markets. It argues that only economic uncertainty really moves the stock market.
- The bond-market rally is defying the typical investing playbook. Here’s why.
The U.S. economy grew at its fastest pace in over five years in the third quarter, according to the Commerce Department's initial GDP reading. Despite a run of robust data, Treasury bonds staged a surprise rally in October.
- Entergy Q3 Earnings Call Highlights
Entergy reported third-quarter adjusted EPS of $1.98, driven by customer growth, hotter weather, industrial sales and record peak demand, and raised the low end of its 2026 adjusted EPS guidance by $0.10. An amended agreement with Google for the West Memphis data-center campus is expected to add at least $500 million in Arkansas customer bill savings, and data-center and industrial load opportunities could total up to 17 gigawatts. Planned 2027–2030 capital spending rose by about $1.5 billion for battery storage, transmission and other growth investments. Chair and CEO Drew Marsh said the results reflected financial, regulatory and operational progress.
- Why Coeur Mining Bears Were Right Before The Drop
Coeur Mining shares lost 25.3% year to date including dividends, against a bullish case built on gold at $4,000, silver at $100, a 30% free cash flow margin and a 10x FCF multiple. The shares started the period at US$17.83; the bullish narrative put fair value at US$21.6 on 51.2% revenue growth and a 9.5% profit margin, while the cautious view set US$13.64 with 14.3% revenue growth and a 33.2% profit margin and flagged regulatory and jurisdictional risk. Q2 2026 revenue reached US$1.09b versus US$480.65m a year earlier, helped by the New Gold acquisition, and net income rose, but the net margin fell from 14.7% to 11.2%. The shares now trade at US$13.1, and the selected narrative assumes production growth, cost discipline and asset integration will sustain revenue and margin strength. The article concludes that the original thesis depended heavily on margins, not just metal prices or output.
- Bitcoin ETF outflows hit $643M, led by BlackRock and Fidelity
Bitcoin ETFs saw net outflows of $643 million on Friday, led by BlackRock at $233.7 million, followed by Fidelity at $201 million and Arc B at $129.5 million. The funds had also recorded net outflows in each of the four preceding sessions, and the week was still only down $202 million. The host notes that ETF flows tend to react to market moves because these funds don't trade 24/7 like Bitcoin, so the impact of after-hours events often shows up the next day. He contrasts this with the worst hack in history, worth $6 billion, and a sharp tech sell-off in which Intel fell 30% and Alphabet and Amazon were each down about 12% at one point overnight, while Bitcoin fell only 4–5% and gold also declined.
- BetterInvesting™ Magazine Update on Amazon.com and UnitedHealth Group
BetterInvesting Magazine's committee named Amazon.com (NASDAQ: AMZN) its “Stock to Study” and UnitedHealth Group (NYSE: UNH) its “Undervalued Stock” in the January–February 2027 issue, for informational and educational use. The organization says these picks are not endorsed or recommended for purchase by NAIC/BetterInvesting. It urges investors to conduct their own review using the Stock Selection Guide before making any investment decision. Non-members can access a limited trial version of the online analysis tools to view fundamental data for both companies.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.