Constellation Energy Corporation CEG and Calpine Corp. announced that they have entered into a definitive agreement under which CEG will acquire Calpine in a cash and stock transaction valued at an equity purchase price of nearly $16.
Constellation Energy shares could remain in focus on Monday after surging more than 25% Friday as the energy giant announced that it will acquire rival Calpine in a deal valued at $26.6 billion. Monitor these key chart levels.
The power producer agreed to buy Calpine this past week for $16.4 billion and has become an industry darling amid surging electricity demand
Constellation is buying power natural gas and geothermal power provider Calpine in a cash-and-stock deal valued at approximately $16.4 billion, joining together two of the country’s biggest power companies.
Few people saw it coming then, but 2024 would be the year the proverbial planets aligned for this utility name.
Baltimore-based Constellation, the nation’s largest operator of nuclear power plants, is acquiring Calpine Corp.
Combined, they will have a capacity of 60 gigawatts from nuclear, natural gas, geothermal, hydro, wind, solar, cogeneration and battery storage.
Merger joins nation’s largest nuclear operator with Texas-based major natural gas and geothermal owner to meet rising AI power demands
More to the point, the outlook suggested Constellation would be able to ... one of the dormant nuclear reactors at Harrisburg, Pennsylvania's Three Mile Island in order to meet the power needs ...
“By combining Constellation’s unmatched expertise in zero-emission nuclear energy with Calpine’s industry-leading, best-in-class, low-carbon natural gas and geothermal generation ...
Constellation is buying natural gas and geothermal power provider Calpine for $16.4 billion, joining together two of the country's biggest power companies.
Constellation Energy Corporation (CEG) closed at $316.36 in the latest trading session, marking a +0.36% move from the prior day. The stock lagged the S&P 500's daily gain of 1%. Elsewhere, the Dow saw an upswing of 0.