Constellation Energy secured major long-term contracts with Alphabet and Amazon to supply nuclear power for AI data centers, boosting its capacity by nearly 3,600 megawatts. CIBC gave the stock an Outperform rating, expecting a 5%–6% near-term gain and potential to double in five years despite high valuations. These deals provide stable demand and support optimistic earnings forecasts, positioning Constellation as a key player in clean energy for tech giants. The stock briefly rose over 6% on the news before a slight pullback.
Constellation Energy (CEG) trades at USD 274.00 on Pluang as of Oct 16, 2026 20:22 WIB, down 0.36% in the last day. The stock's market cap stands at $97.43 billion with a dividend yield of 0.62%. Despite recent news, Pluang order activity shows 97% selling interest, reflecting cautious investor sentiment.
