Constellation Energy (CEG) shares are ripping higher on October 6th after management announced a massive clean energy partnership with Google. The agreement will see Google invest in nuclear uprates across 11 of CEG facilities in three states.
The most interesting thing about Constellation Energy Corp‘s (NASDAQ:CEG) latest AI-power deal is not simply that Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google needs more electricity.
Google Cloud just posted 82% revenue growth while the stock sits nearly 16% below its 52-week high, and the gap between what Wall Street sees and what the market is pricing in keeps widening.
Google parent Alphabet Inc. agreed to buy nuclear power from Constellation Energy in a 20-year power-purchase agreement that will drive more than $4.3 billion in investments to upgrade systems at 11 Constellation reactors. Ed Ludlow has more on "Bloomberg Open Interest.
Oklo Inc. (NYSE:OKLO) shares are trading higher Tuesday as nuclear stocks rally after Alphabet Inc. (NASDAQ:GOOG) signed a 20-year agreement with Constellation Energy Corp. (NASDAQ:CEG) to add 890 megawatts of nuclear capacity to the PJM Interconnection grid.
A hyperscaler just committed two decades of demand. That demand is for firm, around-the-clock nuclear power, and the merchant nuclear group is repricing around that signal, led by Constellation Energy (NASDAQ:CEG | CEG Price Prediction).
Alphabet Inc (NASDAQ:GOOG)'s Google has signed a 20-year power purchase agreement with Constellation Energy (NASDAQ:CEG), the US nuclear power producer, to add 890 megawatts of new nuclear capacity to the PJM electricity grid. The agreement will fund upgrades at 11 existing Constellation nuclear units across Illinois, Pennsylvania and New Jersey, increasing their thermal and electrical efficiency and expanding the amount of power available to the grid.
Broadcom's AI revenue is exploding at triple-digit growth rates, yet the stock has barely moved in 2025. Something has to give, and figuring out which way it breaks could make or break your 2028 portfolio.
Futures indicate the S&P 500 (SPX) is knocking on the door of a new all-time high, though Kevin Green says there are key technicals to watch if the index breaks out. A downtick in crude oil prices is another key factor backing bullish sentiment Tuesday morning.
Constellation Energy Corp (NASDAQ:CEG) stock is up 8% before the bell, after the utility company signed a 20-year agreement with Google to bring 890 megawatts of nuclear energy to the PJM power grid.