Utilities Sector Surges Amid AI Boom And Rate Cut Expectations [Forbes]
Constellation Energy Corporation (CEG)
Company Research
Source: Forbes
Microsoft and Constellation Energy reached a deal that would restart Unit 1 of the Three Mile Island Nuclear plant, which was previously retired in 2019. (Photo by Matthew Hatcher/Getty Images) Getty Images In an unexpected turn of events, the utilities sector has emerged as a dark horse in the stock market race, with some players outpacing even the high-flying tech giants. This surge is driven by a perfect storm of factors: the artificial intelligence boom, interest rate cuts, and a renaissance in nuclear power. The Utilities Select Sector SPDR Fund ( XLU Utilities Select Sector SPDR Fund ), which tracks the utilities sector of the S&P 500, has had a year of two distinct halves. The first half was characterized by mediocre performance, with most of the upside driven by just five stocks: Vistra Corp ( VST Constellation Energy ( CEG NRG Energy ( NRG Public Service Enterprise Group ( PSEG NextEra Energy ( NEE These companies, particularly the independent power producer
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CEG
News
- Why Constellation Energy Stock Surged More Than 30% in September [Yahoo! Finance]Yahoo! Finance
- Texas Regulator Wants Data Centers to Build Power Plants [Yahoo! Finance Canada]Yahoo! Finance Canada
- Texas Regulator Wants Data Centers to Build Power Plants [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Texas Regulator Wants Data Centers to Build Power Plants [Yahoo! Finance]Yahoo! Finance
- Constellation Energy eyes taxpayer funds to open Three Mile Island: WaPo [Yahoo! Finance]Yahoo! Finance
CEG
Earnings
- 8/6/24 - Beat
CEG
Sec Filings
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- CEG's page on the SEC website