Yahoo Finance

Constellation Energy (CEG) is in focus, with its shares surging after it agreed to buy natural gas (NG=F) giant Calpine for $16.4 billion, creating the largest US power station fleet. Constellation stated that it will boost operating earnings per share by over 20% by 2026.

Josh Lipton and Julie Hyman explain that investors are optimistic about the deal’s terms, and note that this market surge suggests confidence in the growing demand for electricity driven by data centers and electric vehicles.

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This post was written by Josh Lynch