On October 1, Constellation Energy Corp rose 3.05% overnight, trading at $261.78/share, with turnover of $223,900.

The move was driven by the announcement that Constellation Energy Corp and Amazon have signed a long-term agreement to support investment in and expansion of the Calvert Cliffs Clean Energy Center in Maryland. The deal is expected to support more than $3 billion in infrastructure investment at the 1,790-megawatt nuclear plant, including facility upgrades and approximately 190 megawatts of new emissions-free generating capacity slated to come online between 2030 and 2032. The agreement includes a 20-year power purchase arrangement covering 690 megawatts of power. The two companies also entered into a related retail supply agreement to support Amazon operations across the 13-state PJM market.

The deal adds to a series of strategic wins for Constellation Energy Corp, which recently signed a 15-year renewable energy agreement with Toyota North America and raised its full-year adjusted operating EPS guidance to $11.50-$12.50. Management has indicated that the majority of its generation capacity is locked in through 2050 and beyond, reinforcing long-term revenue visibility.

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