Movement Alert|Constellation Energy Corp Intraday Rise 3.22%, Google Nuclear Power Agreement Volatility Continues

Market Focus
Oct 09

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.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10