Constellation Energy (CEG 3.94%) stock soared 4.9% through 1 p.m. ET Wednesday after Seaport Global Securities analyst Angie Storozynski upgraded shares of the electric utility company to buy.
A change in the boardroom was the news item giving some pep to Constellation Energy (CEG 0.87%) stock on Monday. The company's shares crawled up by nearly 1% in price as a reaction, slightly outpacing the benchmark S&P 500 index on the day.
Major U.S. power company Constellation Energy said its project to restart the Three Mile Island Unit 1 nuclear plant in Pennsylvania, renamed the Crane Clean Energy Center, remains ahead of schedule, with the unit expected back online in 2027.
The global economy is undergoing a fundamental rewiring. A powerful combination of two megatrends, the mass electrification of everything and the artificial intelligence (AI) revolution, is creating a historic surge in electricity consumption.
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