Constellation Energy Corporation shares rallied 12.2% in the last trading session to close at $300.4, a move driven by heavy volume and its long-term agreement with Google. That agreement supports 890 megawatts of incremental nuclear capacity across PJM, backed by a $4.3 billion investment to boost output from existing plants, while a separate 2,700 MW, 15-year supply deal enhances revenue visibility and supports the economics of Constellation's operating fleet. The company is expected to post quarterly earnings of $3.99 per share in its upcoming report, a year-over-year change of +31.3%, on revenues of $8.69 billion, up 32.2% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised marginally higher over the last 30 days, and the stock currently carries a Zacks Rank #2 (Buy).
Constellation Energy CorpLong-term Google nuclear supply deal (890 MW plus a 2,700 MW 15-year agreement) provides concrete incremental demand and revenue visibility for Constellation's nuclear output.
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