Constellation Energy is rated a Strong Buy due to its strategic growth drivers including the Calpine acquisition, a nuclear agreement with META, and the Crane restart project supported by Microsoft. These initiatives could generate nearly $2 billion in annual revenue, highlighting the company's role in addressing power constraints critical to AI development. The price target is set at $424, based on projected 2028 earnings and a 30x forward earnings multiple, reflecting confidence in Constellation's foundational infrastructure for the AI era.
PJM, the largest U.S. power grid operator, has moved up a key deadline by a year to September to speed up connecting data centers with power producers. This move acknowledges that PJM's current capacity cannot keep up with the growing demand driven b...
The Virtus Reaves Utilities ETF rose 1.65% in the quarter but lagged the S&P 500 Utilities Index, while delivering a 25.49% return over the past year. Key utilities like Entergy and Meta expanded their power generation commitments by 5 gigawatts to s...
