Constellation Energy rises after report Alphabet nears multi-year nuclear energy deal
06/10/2026 10:28
BUZZ-Constellation Energy rises after report Alphabet nears multi-year nuclear energy deal ** US power company Constellation Energy's shares CEG.O rise 3% to $275.71 premarket
** Bloomberg News reports, citing people familiar with the matter, that Google parent Alphabet GOOGL.O is nearing a multi-year deal to buy nuclear energy from the co
** The deal, reportedly worth $1 bln or more, highlights growing demand from tech giants for steady, carbon-free nuclear power to fuel AI computing needs - Bloomberg News
** GOOGL could not immediately be reached for comment outside regular business hours, while CEG declined to comment
** 20 of 23 brokerages rate CEG "buy" or higher and three "hold"; median PT is $341.62 - LSEG-compiled data
** As of last close, CEG stock down 24.2%, while GOOGL up 10.7% YTD
(Reporting by Anand Gopal in Bengaluru)