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

Few people saw it coming then, but 2024 would be the year the proverbial planets aligned for this utility name.

Constellation produces electricity at power plants mainly in Maryland, Illinois, New York and Pennsylvania. Houston-based Calpine said it is the largest U.S. producer of energy from “low ...

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.

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.

Fred Alger Management, an investment management company, released its “Alger Mid Cap Focus Fund” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. U.S. equities experienced positive outcome largely driven by decisive U.

Here are some deals announced by utilities in 2024 and 2025: PPL's Kentucky unit, Louisville Gas and Electric Company, signed a power supply agreement with real estate developers PowerHouse Data Centers and Poe Companies, who will be developing a 400 megawatts (MW) data center campus in Louisville.

Constellation, owner/operator of Nine Mile Point Clean Energy Center, has applied for a Department of Energy (DOE) grant aimed at a possible expansion of the facility in Oswego.

Meta Platforms announced procuring 200MW of solar energy from Engie, adding to its renewable power portfolio. Other tech companies also turn to nuclear energy for data center needs.