Reported about 17 hours ago
Constellation Energy's stock surged following the announcement of its $26.6 billion acquisition of Calpine, a deal that will position them as the largest clean energy provider in the U.S. The acquisition expands Constellation's presence in Texas and California, with expectations of generating over $2 billion in annual adjusted free cash flow. The deal comes amid a rising demand for power driven by AI data centers, with Constellation shares rising over 23% since the news.
Source: YAHOO