Reported about 13 hours ago
Constellation Energy's stock soared to an all-time high after the company announced its $16.4 billion acquisition of Calpine Corp., creating the largest fleet of power stations in the U.S. The deal involves a combination of cash and stock, as well as the assumption of $12.7 billion in Calpine's net debt. This strategic move is anticipated to significantly boost Constellation's operational earnings, reflecting the increasing demand for electricity driven by accelerated energy consumption, artificial intelligence, and a shift towards sustainable practices.
Source: YAHOO