AI companies are regularly announcing large data center deals that are fueling a rally in utility sector. But the utilities on the frontline of the AI boom are struggling to figure out how much of the demand will actually turn into projects that get built.
After bidding Constellation Energy (CEG 2.33%) stock higher yesterday on positive news about a new project, investors are continuing to send the utility stock higher today. While the good news from yesterday is providing some fuel for the rise, an analyst's bullish opinion on Constellation stock is adding to the buying activity.
Constellation Energy Group (CEG 2.27%) saw a decent bump in its stock price on Tuesday following news that a company it will soon own has received funding for a new power plant. Constellation's shares closed the day more than 2% higher, a rate high enough to beat the S&P 500 index's 0.3% rise.
HOUSTON , Oct. 14, 2025 /PRNewswire/ -- Calpine Corporation today announced the close of a Texas Energy Fund loan agreement to support development of a 460-megawatt peaking facility adjacent to the company's Freestone Energy Center, in Freestone County, Texas. The facility is currently under construction and is expected to be operational next year.
Constellation Energy (CEG 3.94%) stock soared 4.9% through 1 p.m. ET Wednesday after Seaport Global Securities analyst Angie Storozynski upgraded shares of the electric utility company to buy.
A change in the boardroom was the news item giving some pep to Constellation Energy (CEG 0.87%) stock on Monday. The company's shares crawled up by nearly 1% in price as a reaction, slightly outpacing the benchmark S&P 500 index on the day.
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