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The latest announcement is out from Constellation Energy Corporation ( (CEG) ).
Constellation Energy Corporation announced its acquisition of Calpine Corporation in a $16.4 billion cash and stock transaction, creating the largest clean energy provider in the U.S. This strategic move expands Constellation’s footprint and product offerings, enhancing its ability to serve 2.5 million customers with diverse energy solutions and reinforcing its leadership position in the clean energy sector. The acquisition is expected to be immediately accretive to Constellation’s earnings, delivering significant financial benefits and growth opportunities, while also advancing the company’s commitment to sustainability and innovation in energy technologies.
More about Constellation Energy Corporation
Constellation Energy Corporation operates in the energy industry, focusing on providing clean and reliable electricity. It is the largest producer of 24/7 emissions-free electricity in the United States, with a diverse portfolio that includes nuclear, low-emission natural gas, and geothermal energy sources. Its market focus is on delivering sustainable energy solutions to customers across the continental U.S.
YTD Price Performance: 0.51%
Average Trading Volume: 2,986,962
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $76.27B
See more insights into CEG stock on TipRanks’ Stock Analysis page.
