On June 18, Constellation Energy Corp rose 3.77% in regular trading, trading at $276.34/share, with turnover of $452 million.
On the news front, multiple positive catalysts continue to drive the stock higher. The Federal Energy Regulatory Commission (FERC) approved a key exemption for the company's nuclear power restart initiative, removing a critical regulatory hurdle. Simultaneously, the Geysers geothermal plant operated by subsidiary Calpine completed a 25-megawatt expansion and commenced commercial operations, capable of supplying clean electricity to over 25,000 households annually. Additionally, selling pressure from a prior 11-million-share secondary offering has been largely absorbed, allowing policy and operational tailwinds to fuel continued price recovery.
Constellation Energy Corporation is the largest carbon-free energy producer in the United States, with a generation fleet capable of powering approximately 16 million homes and producing roughly 10% of all carbon-free energy in the country.
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