Constellation Energy (CEG · NASDAQ)

Energy & MaterialsNASDAQUSALarge

Stranded Reactors Become AI's Strategic Power Supply

Restarting reactors to power data centers reshapes utility economics and carbon-free demand.

Constellation Energy Corp

CEG: NASDAQ

271.37 USD

-25.89%

year to date

Source: Finnhub

Market Cap$96.15B

Avg Volume4.00M

Price$271.37-1.32%

P/E Ratio28.12ttm

Pricing delayed 20 minutes Oct 16, 2026, 8:00 PM

Providing Carbon-Free Power at Scale
Unmatched reliability creates pricing power as AI workloads demand 24/7 carbon-free electricity.
Data Center Demand Doubles by 2028
Big Tech locked 20-year premium contracts before competitors secured scarce power supply.
$26 Billion Revenue Locked Through 2028
Investment-grade counterparties provide earnings visibility insulated from commodity volatility.

Solar Power is Cheaper
Battery storage advances could eliminate nuclear's baseload advantage within seven years.
$12.7 Billion Debt from Calpine Acquisition
Elevated leverage limits cash flow flexibility and raises refinancing risk at higher rates.
Relicensing Costs is $1.6 Billion Per Reactor
Nuclear restart overruns could turn premium Microsoft contracts into break-even projects.