On September 14, Constellation Energy Corp fell 3.25% in regular trading, trading at $274.92/share, with turnover of $30.76 million. The decline came as the market digested the company's announcement of a $715 million acquisition of RISEC Holdings, owner of the Rhode Island State Energy Center, from Shell's North America energy unit.

The acquired asset is a natural gas-fired combined-cycle facility in Johnston, Rhode Island, with a generation capacity of up to 609 megawatts, selling electricity and capacity into the ISO New England wholesale market. The company stated that the net price is approximately $580 million after deducting expected first-year tax benefits, and that the deal will be immediately accretive to operating earnings, delivering returns above its 10% unlevered return threshold. Management also emphasized the transaction will not affect the $5 billion share repurchase program authorized through the end of next year. Despite these assurances, the sizable capital outlay weighed on shares in the near term, with the broader nuclear and power sector trading soft — Oklo Inc. down 4.04% and NRG Energy down 3.85%.

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