News about Constellation Energy

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.