Yahoo Finance

Constellation Energy stock, which has fluctuated wildly this year in the boom and bust of the AI hype cycle, briefly broke out Tuesday in response to news it signed a 20-year deal to sell power to Meta Platforms. The tech company is buying electricity produced by a Constellation nuclear plant in Illinois. The deal doesn’t confirm the most bullish case on Constellation, that the company will get enormous premiums from tech companies for the power from its nuclear plants, but it offers a boost that could sustain the stock’s positive momentum.