On October 9, Constellation Energy Corp rose 3.22% in regular trading, trading at $294.59/share, with Turnover of $63.73 million. The stock has fluctuated since the announcement of a 20-year nuclear power purchase agreement with Google parent Alphabet.
The agreement will add 890 megawatts of nuclear capacity to the PJM grid, involving an investment of $4.3 billion and creating approximately 7,200 jobs. Goldman Sachs maintains a Neutral rating on Constellation Energy Corp with a target price of $305.
Constellation Energy Corp is the largest producer of carbon-free energy in the United States, operating nuclear, hydroelectric, wind, and solar facilities with generating capacity sufficient to power 16 million homes and producing roughly 10% of the nation's carbon-free electricity.
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