BUZZ - Reports say Alphabet is about to finalize a years-long nuclear energy deal; Constellation Energy shares surge in response

October 6 - ** Shares of US utility company Constellation Energy (CEG.O) rose 3% in pre-market trading, to $275.71

** Bloomberg reported, citing informed sources, that Google parent Alphabet (GOOGL.O) is about to (link) reach a multi-year nuclear energy procurement agreement with the company

** The deal is reportedly worth $1 billion or more, highlighting the growing demand for stable, zero-carbon nuclear power among tech giants to meet artificial intelligence computing needs—Bloomberg News

** As regular business hours have passed, GOOGL could not be reached for comment, while CEG declined to comment

** Out of 23 brokerages, 20 gave CEG a “buy” or better rating, 3 gave a “hold” rating; the median price target is $341.62—data compiled by London Stock Exchange Group (LSEG)

** As of the previous trading day’s close, CEG shares have fallen 24.2% year-to-date, while GOOGL shares have risen 10.7% year-to-date

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