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Constellation Energy (CEG) has an average rating of buy and mean price target of $354.65, according to analysts polled by FactSet.Price: $267.19, Change: $+9.24, Percent Change: +3.58%
Energy stocks were higher late Thursday afternoon, with the NYSE Energy Sector Index increasing 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.8%.The Philadelphia Oil Service Sector Index was down 0.5%, and the Dow Jones US Utilities Index was fractionally higher.Front-month West Texas Intermediate crude oil shed 0.8% to $78.98 a barrel, and the global benchmark Brent crude contract decreased 0.8% to $84.27 a barrel. Henry Hub natural gas futures fell 1.2% to $2.89 per 1 million BTU.In sector news, US natural gas stocks rose by 41 billion cubic feet in the week ended July 10, above the 39 billion increase expected in a survey compiled by Bloomberg and following an increase of 61 billion cubic feet in the previous week.In corporate news, Excelerate Energy (EE) shares rose 2.2% after Goldman Sachs initiated coverage of the stock with a buy rating and a $49 price target.Chevron (CVX) is expected to sign accords with Iraq on Friday that will further the company's negotiations about investing in large oil fields, Bloomberg reported Thursday, citing a senior company executive. Chevron shares were up 1.1%.Constellation Energy's (CEG) venture arm made an equity investment in Blue Energy, a developer of prefabricated nuclear power plants, for an undisclosed amount. Constellation shares were down 2.9%.TotalEnergies (TTE) expects Q2 hydrocarbon production to be nearly 2.4 million barrels of oil equivalent per day, supported by about 4% organic growth, the company said Thursday. Its shares were shedding 1.9%.
Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index increasing 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.8%.The Philadelphia Oil Service Sector Index was down 0.3%, and the Dow Jones US Utilities Index was fractionally lower.In geopolitical news, Iran has asked Yemen's Houthi movement to stand ready to close the Red Sea oil route if the US strikes Iranian power infrastructure, Reuters reported.Front-month West Texas Intermediate crude oil shed 0.5% to $79.24 a barrel, and the global benchmark Brent crude contract decreased 0.3% to $84.67 a barrel. Henry Hub natural gas futures fell 2.7% to $2.85 per 1 million BTU.In sector news, US natural gas stocks rose by 41 billion cubic feet in the week ended July 10, above the 39 billion increase expected in a survey compiled by Bloomberg and following an increase of 61 billion cubic feet in the previous week.Separately, Kalshi traders now see a 90% chance that gas prices will exceed $4 per gallon by the end of this month, up from 56% two days ago, CNBC reported. Traders see a 93% chance of prices topping $4 and a 63% chance of exceeding $4.10, with the contract verified by AAA, the report said.In corporate news, Chevron (CVX) is expected to sign accords with Iraq on Friday that will further the company's negotiations about investing in large oil fields, Bloomberg reported Thursday, citing a senior company executive. Chevron shares were up 1.2%.Constellation Energy's (CEG) venture arm made an equity investment in Blue Energy, a developer of prefabricated nuclear power plants, for an undisclosed amount. Constellation shares were down 2.7%.TotalEnergies (TTE) expects Q2 hydrocarbon production to be nearly 2.4 million barrels of oil equivalent per day, supported by about 4% organic growth, the company said Thursday. Its shares were shedding 1.7%.
Constellation Energy's (CEG) venture arm made an equity investment in Blue Energy, a developer of prefabricated nuclear power plants, for an undisclosed amount.Blue Energy said Thursday the investment will support its shipyard-style manufacturing model, which uses large-format robotic prefabrication and assembly, and its project-financing strategy.Constellation said the investment supports Blue Energy's plans to deploy GE Vernova Hitachi's BWRX-300 small modular reactor technology as part of a multi-gigawatt gas-to-nuclear project.Price: $253.14, Change: $-4.98, Percent Change: -1.93%
Energy stocks were lower late Friday afternoon, with the NYSE Energy Sector Index decreasing 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.7%.The Philadelphia Oil Service Sector Index was falling 1.9%, and the Dow Jones US Utilities Index rose 0.3%.Front-month West Texas Intermediate crude oil fell 3.9% to $69.09 a barrel, and the global benchmark Brent crude contract dropped 4.7% to $71.73 a barrel. Henry Hub natural gas futures rose 0.2% to $3.30 per 1 million BTU.In corporate news, Constellation Energy (CEG) said it filed applications with the US Nuclear Regulatory Commission to renew the operating licenses for its Ginna and Nine Mile Point Unit 1 nuclear reactors in New York through 2049. Constellation shares were down 2.4%.Equinor (EQNR) is ending its offshore wind business activities in Japan by the end of the year. The decision is due to a reassessment of its strategic direction and focus on integrated power markets, the firm said. Its shares fell 1.9%.TotalEnergies (TTE) said Thursday the Paris Judicial Court rejected a bid by environmental groups and the City of Paris to block new oil and gas projects or force production cuts under France's duty of vigilance law. TotalEnergies shares were down 1.9%.FuelCell Energy (FCEL) shares jumped 21% after Jefferies upgraded the company's shares to buy from hold.
Energy stocks were lower Friday afternoon, with the NYSE Energy Sector Index decreasing 0.6% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.5%.The Philadelphia Oil Service Sector Index was falling 1.8%, and the Dow Jones US Utilities Index rose 0.5%.Oil prices resumed their decline on Friday as tankers continued to transit through the Strait of Hormuz, a day after a vessel was attacked in the Gulf of Oman.Front-month West Texas Intermediate crude oil fell 4% to $69.08 a barrel, and the global benchmark Brent crude contract dropped 4.1% to $72.43 a barrel. Henry Hub natural gas futures were 0.2% lower at $3.34 per 1 million BTU.In corporate news, Constellation Energy (CEG) said it filed applications with the US Nuclear Regulatory Commission to renew the operating licenses for its Ginna and Nine Mile Point Unit 1 nuclear reactors in New York through 2049. Shares were down 2.2%.Equinor (EQNR) is ending its offshore wind business activities in Japan by the end of the year. The decision is due to a reassessment of its strategic direction and focus on integrated power markets, the firm said. Shares fell 1.6%.TotalEnergies (TTE) said Thursday the Paris Judicial Court rejected a bid by environmental groups and the City of Paris to block new oil and gas projects or force production cuts under France's duty of vigilance law. Shares were shedding 1.4%.
Energy stocks were lower Friday afternoon, with the NYSE Energy Sector Index decreasing 0.6% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.5%.The Philadelphia Oil Service Sector Index was falling 1.8%, and the Dow Jones US Utilities Index rose 0.5%.Front-month West Texas Intermediate crude oil fell 4% to $69.08 a barrel, and the global benchmark Brent crude contract dropped 4.1% to $72.43 a barrel. Henry Hub natural gas futures were 1.6% higher at $3.347 per 1 million BTU.In corporate news, Constellation Energy (CEG) said it filed applications with the US Nuclear Regulatory Commission to renew the operating licenses for its Ginna and Nine Mile Point Unit 1 nuclear reactors in New York through 2049. Its shares were down 1.5%.
Constellation Energy (CEG) filed applications with the US Nuclear Regulatory Commission to renew the operating licenses for its Ginna and Nine Mile Point Unit 1 nuclear reactors in New York through 2049, the company said Friday.The company said it submitted the Ginna renewal application on June 17 and the Nine Mile Point Unit 1 application on March 25, with each seeking a 20-year license extension, subject to regulatory approval.Constellation Energy shares were down 1.3% in Friday trading.Price: $265.10, Change: $-3.59, Percent Change: -1.34%
Energy stocks rose late Tuesday afternoon with the NYSE Energy Sector Index increasing 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.8%.The Philadelphia Oil Service Sector Index eased 0.1%, and the Dow Jones US Utilities Index gained 0.9%.West Texas Intermediate crude oil fell 0.7% to $73.31 a barrel, and global benchmark Brent declined 1% to $77.13 a barrel. Henry Hub natural gas futures dropped 3.2% to $3.15 per 1 million BTU.In corporate news, the US Supreme Court reversed and remanded rulings by lower courts, reviving Exxon Mobil's (XOM) lawsuit seeking more than $1 billion in damages from Cuban government-owned companies over assets confiscated after Fidel Castro seized of power in 1959. Exxon shares rose 1.2%.Petrobras (PBR) signed a memorandum of understanding with Petroleos Mexicanos to cooperate in areas of exploration and production, and industrial processes. Petrobras shares were little changed.Walmart (WMT) will buy nuclear power from Constellation Energy (CEG) under a long-term agreement split into two 15-year terms. Constellation shares fell 1.6%.Energy Fuels (UUUU) agreed to acquire Germany-based magnetics manufacturer Vacuumschmelze and related entities, collectively known as VAC, from private equity firm Ara Partners in a deal with an equity value of $1.9 billion. Energy Fuels shares fell 3.9%.
Energy stocks rose Tuesday afternoon, with the NYSE Energy Sector Index increasing 0.4% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.8%.The Philadelphia Oil Service Sector Index was rising 0.4%, and the Dow Jones US Utilities Index was up 0.7%.Front-month West Texas Intermediate crude oil decreased 0.8% to $73.23 a barrel, and the global benchmark Brent crude contract fell 1% to $77.13 a barrel. Henry Hub natural gas futures dropped 3% to $3.16 per 1 million BTU.In sector news, the Strait of Hormuz will remain open "with no further naval blockade," and Iran has agreed to the "highest level nuclear inspections," Al Jazeera cited US President Donald Trump as saying. Tehran has no plans to allow international inspections of its nuclear facilities, the Middle East news agency cited Iran's Foreign Affairs Ministry spokesman Esmaeil Baghaei as saying.Separately, the Trump administration is expected to announce a new deal Tuesday through which the Department of Energy will make available low-interest loans amounting to $17.5 billion for utilities to finance equipment orders for Westinghouse Electric's flagship nuclear reactor, The Wall Street Journal reported, citing the Energy Department and comments from Energy Secretary Chris Wright.The US and Qatar have warned that the EU could face higher gas prices and supply shortages unless it changes planned methane emissions rules, the Financial Times reported Tuesday, citing a draft letter seen by it.In corporate news, the US Supreme Court on Tuesday reversed and remanded rulings by lower courts, reviving Exxon Mobil's (XOM) lawsuit seeking more than $1 billion in damages from Cuban government-owned companies over assets confiscated following Fidel Castro's seizure of power in 1959. Exxon shares rose 1.2%.Walmart (WMT) will buy nuclear power from Constellation Energy (CEG) under a long-term agreement split into two 15-year terms, the companies said Tuesday. Constellation shares were shedding 0.2%.Energy Fuels (UUUU) said Tuesday it agreed to acquire Germany-based magnetics manufacturer Vacuumschmelze and related entities, collectively known as VAC, from private equity firm Ara Partners in a deal with an equity value of about $1.9 billion. Energy Fuels shares were down 2%.
Walmart's (WMT) first nuclear power purchase agreement will secure 176 megawatts of emissions-free electricity from Constellation's (CEG) Dresden Clean Energy Center in Illinois, the companies announced Tuesday.Beginning in 2029 and 2030, Walmart will source electricity, capacity and environmental attributes under two separate 15-year agreements, providing long-term demand support for Dresden's nuclear generation.Through planned uprates at Dresden, Constellation will add 30 MW of generating capacity by boosting output from existing reactors rather than building new generation assets, the companies said.The additional electricity will help power Walmart's planned perishable distribution center in Belvidere, Illinois, while supporting local employment and the retailer's ongoing supply chain expansion.Walmart entered its first nuclear power purchase agreement through the deal, one of the first such arrangements between a major US retailer and a US nuclear energy facility, according to the announcement.After renewing Dresden's operating licenses in December 2025, Constellation can run the facility through 2049 and 2051, allowing the plant to continue supplying carbon-free baseload power and supporting more than 1,100 jobs, the companies added.While Constellation's generation fleet produces enough electricity to serve over eight million homes, Walmart maintains a significant Illinois footprint with about 175 stores and clubs and over 55,000 associates."We're constantly evaluating new capabilities and energy solutions that help ensure the electricity we rely on is dependable, responsibly produced, and built to support long-term growth," said Shayne Wahlmeier, senior vice president of energy for Walmart US.Price: $119.81, Change: $+2.63, Percent Change: +2.24%
Walmart (WMT) will buy nuclear power from Constellation Energy (CEG) under a long-term agreement split into two 15-year terms, the companies said Tuesday.The deal, which marks the retail giant's first nuclear power purchase agreement, involves 176 megawatts of wholesale supply, including 30 MW of expanded generating capacity, from Constellation's Dresden Clean Energy Center in Illinois, according to a joint statement.The first 15-year supply will kick off in 2029, and the second in 2030. Financial details weren't disclosed."Working with Constellation allows us to support new operations in Illinois while advancing our strategy in a way that prioritizes affordable, reliable, and clean energy for our business and the communities we serve," said Shayne Wahlmeier, senior vice president for energy at Walmart US.The deal will help boost grid capacity to support Walmart's high-tech perishable distribution center that is now being built in Belvidere, Illinois, the statement said.Walmart is the latest US corporate giant to pursue a nuclear energy deal to meet rising power demand. Major US technology companies in particular are tapping nuclear power to meet their outsized electricity requirements amid the artificial intelligence boom."Walmart's commitment enables meaningful investment in the Dresden Clean Energy Center - bolstering reliability, sustaining local jobs and economic activity, and putting more dependable, emissions-free energy onto the Illinois power grid," Constellation Chief Commercial Officer Jim McHugh said.In December, Constellation said its license for the Dresden facility's operations has been renewed, paving the way for continued investment.Shares of Walmart were up 1.7% in Tuesday morning trade, while Constellation fell 0.8%.Price: $271.11, Change: $-4.42, Percent Change: -1.60%
Constellation Energy (CEG) has an average rating of buy and mean price target of $365.11, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
US equity indexes were higher on Monday after President Donald Trump said Israel and Hezbollah will cease fighting in Lebanon.* Trump has spoken separately with Israeli Prime Minister Benjamin Netanyahu and Hezbollah representatives, multiple media reports cited the US president as saying. The growing conflict between Israel and Hezbollah in Lebanon will stop, Trump was cited as saying.* Trump, who last week received a framework for a peace agreement with Iran, sent back changes to the proposed deal, officials said, insisting on tougher language about Tehran's nuclear and Strait of Hormuz reopening commitments, CNN reported.* The Institute for Supply Management's US manufacturing index rose to 54.0 in May from 52.7 in April, compared with expectations for 53.0 in a survey compiled by Bloomberg.* The S&P Global US manufacturing index for May was revised down to 55.1 from the flash 55.3, compared with expectations of no revision in a Bloomberg-compiled survey.* July West Texas Intermediate crude oil rose $5.22 to settle at $92.58 per barrel, while August Brent crude, the global benchmark, was last seen up $4.21 at $95.33.* MGM Resorts International (MGM) shares were up roughly 16%, the highest on the S&P 500, after the company confirmed that it received an offer from People Inc. (IAC) to acquire all MGM shares that it does not already own for $48.30 per share in cash.* Constellation Energy (CEG) shares were down about 7.6%, among the lowest on S&P 500 and Nasdaq, after the company said it has priced an underwritten secondary offering of 11 million shares at $281 apiece.
Constellation Energy (CEG) priced an underwritten secondary offering of 11 million shares at $281 apiece, it said Monday.Shares were down 6%, with intraday trading volume rising to nearly 6.7 million from the stock's daily average of about 3.1 million.Deutsche Bank downgraded AST SpaceMobile (ASTS) to hold from buy while cutting its price target to $106 from $117.Shares of AST were down 6%, with intraday trading volume rising to over 20 million from a daily average of about 18.6 million.Nvidia (NVDA) has unveiled an artificial intelligence chip, RTX Spark, to power Microsoft (MSFT) Windows personal computers. RTX Spark marks Nvidia's formal entry into the consumer PC processor market, a Wedbush Securities note said on Monday. The foray could hurt Intel (INTC) in particular, Wedbush analyst Matt Bryson wrote in the note.Shares of Intel slipped 3.3%, with intraday trading volume rising to over 95.1 million from a daily average of about 120.6 million.Price: $106.55, Change: $-6.86, Percent Change: -6.05%
The Dow Jones Industrial Average was down, while the S&P 500 Index and Nasdaq Composite were roughly flat in late-morning trading Monday, as oil prices rose after Iranian state media disclosed that Iran would halt messages with the US over Israel's military operations in Lebanon.In company news, Nvidia (NVDA) said Monday it has launched RTX Spark, a new AI chip that will feature in Microsoft (MSFT) Windows laptops and desktop personal computers. The chip features an Nvidia Blackwell RTX graphics processing unit, 1 petaflop of AI compute and 128gb of unified memory, Nvidia said. RTX Spark will power its Windows laptops, including Microsoft Surface, and those of its PC partners ASUS, Dell (DELL), HP (HPQ), Lenovo and MSI, Microsoft said in a blogpost. Nvidia shares were up 3.9%, while those of Microsoft, Dell and HP were up 2.0%, 8.5% and 7.2%, respectively.People Inc. said Monday it has submitted a non-binding proposal to acquire all outstanding MGM Resorts International (MGM) shares it doesn't already own for $48.30 per share in cash. The proposal represents a 24.1% premium to the volume-weighted average price of MGM common stock for the 30 trading days ending on May 29, People said. MGM shares were up 16.5%.Taylor Morrison Home (TMHC) has agreed to be acquired by Berkshire Hathaway (BRK.A, BRK.B) for $6.8 billion in cash and a total enterprise value of about $8.5 billion, the companies said Sunday. Berkshire will pay $72.50 per share, a 24% premium to Taylor Morrison's latest closing price of $58.50 on May 29, the companies said. The deal is expected to close in H2, at which point Taylor Morrison will continue to be managed by its existing management team, the companies said. Taylor Morrison shares were up 22.6%, while Berkshire's Class A and Class B shares were down 0.7% and 0.8%, respectively.Constellation Energy (CEG) has priced an underwritten secondary offering of 11 million shares at $281 apiece, the company said Monday. Underwriters have a 30-day option to buy an extra 1.35 million shares, and Constellation said it will repurchase 2 million shares from the underwriters at the offering price under its existing buyback program. Constellation shares were down 5.8%.Salesforce (CRM) said Monday it will invest $2 billion in France through 2030, including the launch of an AI Innovation Hub in Paris for developing, testing and deploying AI applications. Salesforce shares were up 10.2%.Price: $219.23, Change: $+8.09, Percent Change: +3.83%
US equity futures were edging higher pre-bell Monday despite the shaky Middle East ceasefire being tested once again by a new exchange of attacks, even as President Donald Trump stated that Iran wants to come to an agreement.Dow Jones Industrial Average futures were 0.21% higher, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.2% higher.The US said that it struck radar and drone sites in Iran after an American drone was shot down over the weekend. Iran then said it launched its own strike, while Kuwait reported that it intercepted incoming drone and missile fire."Iran really wants to make a deal, and it will be a good one for the U.S.A. and those that are with us," Trump said in a post on Truth Social. He has not yet decided on whether to move forward on an agreement to extend the ceasefire and reopen the Strait of Hormuz.Among the companies reporting financial results this week are Palo Alto Networks (PANW), Broadcom (AVGO), and CrowdStrike (CRWD).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.3% at $93.24 per barrel and US West Texas Intermediate crude 2.9% higher at $89.92 per barrel.The final S&P Global manufacturing purchasing managers index for May, due at 9:45 am ET, is seen coming in at 55.3, unchanged from its prior value, according to estimates compiled by Bloomberg.The May Institute for Supply Management's services index, due at 10 am ET, is projected at 53.0, versus 52.7 previously. The April construction spending report is also due at 10 am ET.In other world markets, Japan's Nikkei closed 0.9% higher, Hong Kong's Hang Seng ended 0.9% higher, and China's Shanghai Composite finished 0.3% lower. Meanwhile, the UK's FTSE 100 was down 0.3%, and Germany's DAX index was 0.6% higher in Europe's early afternoon session.In equities, Nvidia (NVDA) and Microsoft (MSFT) shares were up 2.4% and 3.6%, respectively, after Nvidia said it launched RTX Spark, a new chip for Microsoft Windows PC personal AI agents. Dell Technologies (DELL) stock was up 1.2% after the company said it launched its XPS 13 compact laptop. Salesforce (CRM) shares rose nearly 5% after the company said it plans to invest $2 billion in France through 2030 and expand its AI and cloud operations.On the losing side, Toyota Motor (TM) stock was down 3% after a Wall Street Journal report that the Trump administration is expected to propose a tweak to the US-Mexico-Canada Agreement that would require half of all automobile components and materials to come from sources in the US. Constellation Energy (CEG) stock was down 2.7% after the company said certain shareholders launched a public offering of 11 million of its common shares.
(Adds information from DOE's emergency order related to Wagner Generating Station from paragraphs 9 to 13)The US Department of Energy on Thursday said it has renewed an emergency order requiring a fossil-fired power plant in Pennsylvania to remain operational to address grid reliability issues in the Mid-Atlantic region.Energy Secretary Chris Wright ordered PJM Interconnection, in coordination with Constellation Energy (CEG), to keep Units 3 and 4 of the Eddystone Generating Station available beyond their planned retirements and to use economic dispatch to limit consumer costs, the Department said in a statement.Eddystone Units 3 and 4, each with 380 megawatt capacity, are subcritical steam boiler-turbine generator units that can run on either natural gas or oil, depending on market conditions, according to a document on the DOE website, which added that these units were installed between 1967 and 1970.These units were initially scheduled to shut down on May 31, 2025.Wright first issued an emergency order on May 30 last year to keep the units online past their planned retirement, with subsequent orders issued later in 2025 and 2026."Keeping these units operational over the past year strengthened energy security in the PJM region, as demonstrated when PJM called on the units to generate electricity during heat waves that hit the region in the summer and during Winter Storm Fern," the statement said.The units generated 26,971 megawatt-hours between June and December last year, the statement said, citing US Environmental Protection Agency data.The order is effective from May 25 through Aug. 22.In a separate statement on Thursday, the DOE said Wright issued an emergency order permitting PJM Interconnection to operate specified units at Talen Energy's (TLN) Wagner Generating Station in Anne Arundel County, Maryland, to meet anticipated electricity demand, following a request from PJM.The order will enhance grid stability and reduce the risk of energy shortfalls in 13 states and the District of Columbia, the statement said."Due to the need to rely on Wagner Unit 4 during the atypically high seasonal temperatures and generator outages, PJM assessed that in such circumstances, there are insufficient generation run hours remaining due to the Operating Limits on Wagner Unit 4," the statement said.This order, issued under Section 202(c) of the Federal Power Act, is effective from May 22 through to Aug. 19.The DOE had previously permitted PJM to allow the dispatch and operation of Unit 4 in excess of its operating limit."The 'growing resource adequacy concern' that PJM cited in its July 2025 request still exists today," the DOE said in the statement.Price: $290.93, Change: $+5.10, Percent Change: +1.78%
The US Department of Energy on Thursday said it has renewed an emergency order requiring a fossil fuel-fired Pennsylvania power plant to remain operational to address grid reliability issues in the Mid-Atlantic region.Energy Secretary Chris Wright ordered PJM Interconnection, in coordination with Constellation Energy (CEG), to keep Units 3 and 4 of the Eddystone Generating Station available beyond their planned retirements and to use economic dispatch to limit consumer costs, the Department said in a statement."Eddystone Units 3 and 4, each with 380 MW capacity, are subcritical steam boiler-turbine generator units that can run on either natural gas or oil, depending on market conditions. These units were installed between 1967 and 1970," according to a document on the DOE website.These units were initially scheduled to shut on May 31, 2025.Wright first issued an emergency order on May 30 last year to keep the units online past their planned retirement, with subsequent orders issued later in 2025 and 2026."Keeping these units operational over the past year strengthened energy security in the PJM region, as demonstrated when PJM called on the units to generate electricity during heat waves that hit the region in the summer and during Winter Storm Fern," the statement said.The units generated 26,971 megawatt-hours between June and December last year, the statement said, citing US Environmental Protection Agency data.The order is effective from May 25 through Aug. 22.
NextEra Energy (NEE) and Dominion Energy's (D) merger shows that the "AI-driven power demand supercycle is not a cyclical trade but a decades-long infrastructure build," Wedbush said in a note Monday.In the grid infrastructure and data center space, Quanta Services (PWR) and Willdan (WLDN) will be direct beneficiaries of the deal, Wedbush said, adding that a combined NextEra and Dominion spanning Florida, Virginia, North Carolina, and South Carolina will need a "sustained acceleration in transmission, substation, and distribution buildout."In the equipment and power management sector, Vertiv (VRT) and Eaton (ETN) are poised to benefit from scale procurement, the note said, adding the combined company's emphasis on "supply chain scale and procurement efficiency points directly to accelerating orders for thermal management, power conversion, and switchgear."In the power generation and fuel supply space, Constellation Energy (CEG), Vistra (VST), and Talen Energy (TLN) will likely also benefit from "demand confirmation," Wedbush said, adding the deal's "explicit framing of surging large-load demand" will support independent power producers serving the same Mid-Atlantic and Southeast regions.Meanwhile, for the materials and enabling technologies sector, the "nuclear infrastructure thesis" will likely be boosted, Wedbush said, as the combined company's position as the second largest in US nuclear generation will back the "long-term investment case for the nuclear supply chain."Cameco (CCJ), BWX Technologies (BWXT), and NuScale Power (SMR) are the companies most directly linked to nuclear fuel, services, and reactor deployment, the note said.Price: $88.37, Change: $-5.00, Percent Change: -5.35%
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