Reported 21 days ago
Constellation Energy saw a 12.5% drop in its stock, alongside significant declines in other nuclear stocks, after regulators rejected a proposal to supply power from Talen Energy to an Amazon AI data center. Despite this setback, Constellation has had a strong year overall, with stock prices increasing over 90%. The Federal Energy Regulatory Commission raised concerns about the deal's impact on grid reliability and public energy costs, highlighting ongoing regulatory challenges for the nuclear industry.
Source: YAHOO