Key Takeaways.
- The supply of electricity to artificial intelligence data centers is driving the Demand for Constellation Energy and Vistra, two nuclear power companies.
- The shares of Both companies hit all-time highs in the fourth quarter of 2024.
- Constellation has arranged for Microsoft to use the electricity generated by its Three Mile Island nuclear plant in Pennsylvania to power Microsoft’s data centers, and is also planning to restart one of the plants.
The Shares of Constellation Energy’s nuclear power providers. CEG. ) and Vistra (. VST. They gained more momentum yesterday by gaining more confidence in the rising demand for electricity. Artificial intelligence (AI). Data centers.
Constellation Energy stocks experienced a surge of 82%. The company achieved a 4 % increase on Thursday. Announced. Two contracts worth over 1 billion were entered into by It with the General Services Administration of the federal government. One of the options is to furnish nuclear energy to more than a dozen departments in five states.
Constellation reported today that the Treasury Department has overturned a previous ruling and will now permit existing nuclear plants to receive federal tax credits under the Renewable Energy Facility Act. Inflation Reduction Act of 2022. . 1. Recent trading saw a 3.5 % increase in Shares.
September saw The company making headlines due to its success. Reported. The plan is to restart a section of Three Mile Island in Pennsylvania to generate energy for Microsoft’s (microsoft) business. MSFT. ) data centers. This caused shares to skyrocket, achieving an all-time high in early October and maintaining a surge of around 115% over the last year.
Vistra’s shares have been positively impacted by the Constellation news. Soaring 8.6 % yesterday. Today, an additional 7 % is leading the way. S & P 500. Gainers both days. November saw the highest volume of shares, which have risen by over 300 % in the last 12 months.
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