Uranium stocks have been surging thanks to the Constellation Energy Co. NASDAQ: CEG and Microsoft Co. NASDAQ: MSFT deal for the largest power-purchasing deal in history. The large hyperscalers are committed to sustainable and clean energy solutions to power their data centers. The electricity will be supplied by restarting the Three Mile Island Unit 1 nuclear reactor pending regulatory approval by the United States Nuclear Regulatory Commission (NRC). Uranium is required to power this and other nuclear reac ...

Constellation Energy rallied after it announced plans to partially reopen the nuclear power plant at Three Mile Island. Is this a positive sign for NuScale Energy? Wall Street has a habit of getting overly excited by the news, both to the downside and the upside. So the oneday rally in Constellation Energy's (CEG 2.15%) share price after a news release about reopening part of the nuclear power plant at Three Mile Island needs to be taken with a grain of salt. And yet the excitement still might be a sign of ...

End of the Third Quarter 2024 Another quarter is in the books for U.S. equity markets and little has changed. Though investors encountered some turbulence, bulls registered yet another victory as the S&P 500 Index ETF ((SPY) rose for its fourth straight month. Despite increasing global tensions in the Middle East and Europe, a massive jobs revision, and concerns over the "Yen Carry Trade," the S&P 500 climbed the wall of worry to finish nearly 5% for the quarter. As is often the case, liquidity and the Fede ...

Core Viewpoint - Nvidia's stock has increased by 156% in 2024, while Constellation Energy's shares have risen by 129%, suggesting a competitive investment landscape between the two companies [1][2]. Group 1: Constellation Energy's Growth Potential - Constellation Energy recently signed a 10-year agreement with Microsoft worth approximately $16 billion, indicating strong demand for nuclear energy [2]. - The company operates the largest fleet of nuclear power plants in the U.S., which is increasingly preferred by tech companies for electricity generation [7]. - Following the announcement of a 20-year deal with Microsoft, Constellation's stock surged by 22% [8]. Group 2: Financial Performance and Analyst Outlook - Constellation's latest financial report for the June 2024 quarter showed an EPS of $1.68, which was four cents below expectations, and revenue of $5.48 billion, falling short by $70 million [10]. - Despite the shortfall, Constellation raised its adjusted EPS outlook for fiscal 2024 by 4.8% to $8 per share, exceeding consensus estimates by 19 cents [11]. - Analysts have raised their price targets for Constellation significantly, with Wells Fargo increasing it by 20% to $300, Morgan Stanley by 24% to $313, and Jefferies by 40% to $256, reflecting positive sentiment towards the company's future growth [12][13]. Group 3: Market Demand and Industry Trends - The demand for energy in data centers is expected to surge by 160% by 2030, while overall U.S. power demand has remained stable from 2014 to 2024 [4]. - The total addressable market for AI-related hardware and software is projected to grow at an annual rate of 40% to 55%, reaching between $780 billion and $990 billion by 2027 [5]. - Anti-nuclear sentiment has diminished, with government support for nuclear and renewable energy increasing, positioning Constellation favorably in the energy market [14].

Constellation Energy Corporation (CEG) ended the recent trading session at $253.43, demonstrating a -1.44% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.25% for the day. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, added 0.56%. The company's shares have seen an increase of 31.93% over the last month, surpassing the Oils-Energy sector's loss of 0.05% and the S&P 500's gain of 1.65%. The investment community will be close ...

One of the most valuable lessons I have learned is stocks with bullish momentum tend to continue higher in the stock market. Instead of overcomplicating investing and trying to pick bottoms, most investors would be better served by latching onto stocks that are already exhibiting strong price momentum. Below are two of my favorite trend-following quotes: "It is one of the great paradoxes of the stock market that what seems too high usually goes higher, and what seems too low, usually goes lower." ~ William ...

Key Takeaways Constellation Energy's plan to restart the Three Mile Island Unit 1 nuclear plant to power Microsoft data centers got good reviews from analysts. Barclays called the plan "positive" for the company and others in the sector. KeyBanc raised its price target on the stock and said the deal with Microsoft "suggests attractive economics." Constellation Energy (CEG) has received positive analysts' reports after the power utility's announcement last Friday it would be restarting Pennsylvania's Three M ...

Core Viewpoint - The reopening of Unit 1 at the Three Mile Island nuclear power plant by Constellation Energy is driving a surge in nuclear power stocks, indicating a renewed interest in nuclear energy as a viable power source for large-scale operations like Microsoft’s data centers [1][2][5]. Group 1: Company Developments - Constellation Energy announced it will restart Unit 1 at Three Mile Island to supply 835 megawatts of carbon-free energy, particularly for Microsoft [5]. - The reopening will require significant investments for restoration and a comprehensive safety review, with hopes to complete the process by 2028 [5]. - Constellation's stock rose by 14.4% following the announcement, reflecting positive market sentiment [2]. Group 2: Industry Implications - The decision to reopen Three Mile Island signals a growing interest in nuclear energy, potentially leading to increased investment in new nuclear power designs from companies like NuScale Power, Nano Nuclear Energy, and Oklo [7]. - These smaller nuclear companies, valued below $1 billion each, may benefit from the renewed focus on nuclear energy, although they remain speculative investments with limited revenue [8]. - The reopening of Three Mile Island provides a four-year window for these companies to advance their projects while Constellation works on the plant [7].

In the latest trading session, Constellation Energy Corporation (CEG) closed at $200.33, marking a -0.45% move from the previous day. This move lagged the S&P 500's daily loss of 0.29%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 0.31%. Shares of the company have appreciated by 5.51% over the course of the past month, outperforming the OilsEnergy sector's loss of 2.45% and the S&P 500's gain of 1.57%. The investment community will be closely monitoring the perform ...

The latest trading session saw Constellation Energy Corporation (CEG) ending at $189.93, denoting a +1.43% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.75%. Elsewhere, the Dow saw an upswing of 0.58%, while the tech-heavy Nasdaq appreciated by 1%. Shares of the company have appreciated by 0.59% over the course of the past month, outperforming the OilsEnergy sector's loss of 4.12% and lagging the S&P 500's gain of 4.03%. Market participants will ...