The power plant owner has two deals with the U.S. government that are expected to pay out about $1 billion over the next several years.

Constellation Energy contracts, set to begin on April 25, estimated to provide electricity equivalent to power more than 1 million homes annually.

The nuclear stocks today raise for more than 6% fueled by optimism following 10-year contract worth $840 million awarded by the U.S. GSA (General Services Administration) to Constellation Energy ( NASDAQ:CEG ). The contract puts Constellation in a good position for future growth as additional revenue projected.

Key Takeaways Demand for electricity for artificial intelligence data centers are driving up shares of nuclear power firms Constellation Energy and Vistra.Both companies' shares hit all-time records in the fourth quarter of 2024.

Constellation Energy has been awarded a record $1 billion in contracts to supply nuclear power to the U.S. government over the next decade, the company said on Thursday.

Google, Meta, Amazon, and Microsoft have all inked splashy nuclear energy deals over the past year. In September of last year, Microsoft and Constellation announced a plan to restart a shuttered reactor at Three Mile Island in Pennsylvania, the site of the worst nuclear energy accident in US history.

Constellation Energy shares are trading more than 100% higher over the last year, outpacing almost all the “AI Stocks” except for NVIDIA. Give that some time though as CEG is in the earlier stages of growth while NVIDIA is a little higher on their AI growth trajectory.

Constellation awarded more than $1 billion in combined contracts by the U.S. General Services Administration to supply power and efficiency solutions.

Shares of Constellation Energy Corp. CEG rallied 4.04% to $252.40 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.26% to 5,942.

Nuclear stocks soared Thursday after Constellation Energy announced a 10-year contract with the federal government.