Constellation Energy tops S&P 500 losers after no news on power deals for data centers
Constellation's stock has fallen more than 10% since its quarterly investor call on Monday, on which CEO Joe D. announced exactly zero new deals with AI companies since leading investors to believe it would have contracts to sell 'at least 1 GW of nuclear power to a tech company at "premium pricing (15+ year terms)."'
The stock price took an immediate dive on Tuesday, rallied a bit yesterday, but has continued to fall today. This isn't only a short-term trend. The stock price is down more than 30% over the last 5.5 months. It fell even lower by early February, then rose again on the news that AI power deals were coming. But that didn't come through before the investor call.
Tim Judson (he/him)
Executive Director
Nuclear Information and Resource Service
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