BUZZ-Consolation Energy shares soar after Alphabet reaches a multi-year energy agreement
路透社2026/10/06 14:46Latest Developments October 6th – Constellation Energy's stock price (CEG.O) surged 12.2% to $300.3. If the rally holds, this would mark the company's largest single-day gain since April 2025. Alphabet, Google’s parent company (GOOGL.O), reached a multi-year agreement with CEG to purchase 3,590 megawatts of electricity from Constellation (link). The deal includes over $4.3 billions in new investment by Constellation and will expand the power generation capacity of several nuclear reactors in the Midwest and Mid-Atlantic regions. GOOGL signed a 20-year agreement to purchase 890 megawatts of electricity from multiple CEG nuclear plants, along with an additional long-term power supply deal for 2,700 megawatts. Out of 23 brokerage firms, 20 rate CEG as "buy" or higher, while 3 recommend "hold"; the median target price is $341.62, according to LSEG compiled data. Including today’s movement, CEG shares are down 15.1% year-to-date, while GOOGL is up 10.7% for the year. (For reader convenience, Reuters has automatically translated this report into several languages. Automated translations may contain errors or lack the intended context, and Reuters does not guarantee the accuracy of automated translation. The automated translation is provided solely for reader convenience. Reuters assumes no responsibility for any damage or loss arising from the use of the automated translation function.)
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October 6 - ** Shares of US power company Constellation Energy CEG.O rose 12.2% to $300.3
**If the rally holds, the stock is on track for its biggest one-day gain since April 2025
** The parent company of Google, Alphabet GOOGL.O, through (link), reached a multi-year agreement with CEG to purchase 3,590 megawatts of electricity from CEG
** The agreement includes over $4.3 billion in new investments by Constellation and will expand the generating capacity of several nuclear reactors in the Midwest and Mid-Atlantic regions
** GOOGL signed a 20-year agreement to buy 890 megawatts of electricity from multiple CEG nuclear plants, and also signed a long-term supply agreement to purchase an additional 2,700 megawatts of electricity
** Of 23 brokerages, 20 rate CEG as “buy” or higher, and three as “hold”; the median price target is $341.62—LSEG compiled data
** Including the day’s move, CEG shares are down 15.1% year-to-date, while GOOGL is up 10.7% in the same period
(To assist non-English speakers, Reuters provides its reports in several other languages via automatic translation. Because automated translation may contain errors and may not include the required context, Reuters does not guarantee the accuracy of the automated translation text, which is provided solely for the convenience of readers. Reuters accepts no responsibility for any damage or loss caused by the use of the automated translation feature.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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