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Calpine, Constellation Energy
Constellation Energy Agrees to Buy Calpine in $26.6 Billion Deal
Constellation Energy agreed to buy Calpine for $16.4 billion, combining two of the country’s largest electricity generators at a time when their product is in high demand from tech companies. Including the assumption of debt,
Constellation stock soared on AI hopes. Now it’s using those gains to buy Calpine in $16 billion deal.
Constellation Energy — the electricity provider whose stock has doubled over the last year on hopes it’ll help meet the voracious energy demand from artificial intelligence — reached a $16 billion deal to buy Calpine.
Power Companies Reach $16.4 Billion Deal as A.I. Drives Energy Use Up
Constellation Energy’s deal to buy Calpine is being driven by fast-rising demand for electricity in part by the technology industry’s investments in artificial intelligence.
3h
on MSN
Baltimore-based Constellation to acquire Calpine, creating one of nation’s largest clean-energy producers
Baltimore-based Constellation, the nation’s largest operator of nuclear power plants, is acquiring Calpine Corp.
1h
Constellation Energy, A Nasdaq-100 Nuclear Stock, Appears Ripe For Future Gains Following Calpine Deal
Constellation Energy Corp is set to become a top player in the clean energy revolution with bullish indicators and a ...
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