Amazon, Constellation Energy

Constellation Energy tops S&P losers list on Amazon nuclear power deal setback
Constellation Energy (NASDAQ:CEG) -10.1%, the biggest loser on the S&P 500, in early trading Monday after the Federal Energy Regulatory Commission on Friday rejected the amended PJM interconnection agreement for an Amazon (AMZN) data center connected directly to rival Talen Energy's (NASDAQ:TLN) Susquehanna nuclear power plant in Pennsylvania.
Talen-Amazon Nuclear Power Deal Hits Speed Bump. Why Constellation Stock Is Down More.
Big tech companies need lots of electricity for their data centers, which are processing increasingly complex artificial intelligence applications.
Constellation Energy, nuclear stocks plummet after regulators block Amazon power deal
Microsoft's nuclear power partner Constellation Energy saw its stock drop on Monday as strong earnings couldn't overcome a ruling from the FERC late Friday that was pressuring nuclear stocks across the board.
Nuclear-power stocks slide after regulator rejects plan to power Amazon data center
Nuclear-power stocks fell after regulators voted against a deal between Amazon and Talen Energy. The deal would permit a Talen nuclear plant to provide an Amazon data center with extra power. Nuclear stocks have surged this year as AI data centers boost energy demand.
FERC rejects interconnection pact for Talen-Amazon data center deal at nuclear plant
Chairman Willie Phillips dissented from the decision on the “first of its kind” co-location proposal, saying it could harm national security and grid reliability.
Nuclear-Power Companies Hit by U.S. Regulator’s Rejection of Amazon-Talen Deal
Talen said it believed FERC had erred and was evaluating its options. The company can still restructure its expanded deal with Amazon, according to Oppenheimer analysts.
U.S. power stocks slump after regulator rejects Amazon-Talen nuclear deal
Talen Energy and other U.S. power company stocks slumped Monday following the rejection by the country's top energy regulator of Talen's plan to supply an Amazon.com data center. The Federal Energy Regulatory Commission voted 2-1 late Friday against the
Talen Down After FERC Rejects Amazon Data-Center Nuclear Deal
Late Friday, FERC rejected an amended interconnection agreement for an Amazon data center with a nuclear power plant run by Talen Energy. The Amazon data center is located close to Talen's Susquehanna nuclear power plant in Pennsylvania,
Talen Energy's Amazon Deal Hits Roadblock, Triggering Nuclear Sector Selloff And Retail Concerns
Bullish sentiment surrounding nuclear stocks took a hit after the Federal Energy Regulatory Commission (FERC) limited the power Amazon ($AMZN) could draw from Talen Energy Corp.'s ($TLN) nuclear facility in Pennsylvania.
Constellation Navigates Regulatory Setback in Quest for Data Centers at Power Plants
Three Mile Island nuclear power plant near Middletown, Pennsylvania. Photo: Getty Images Constellation Energy will continue to pursue deals to develop data centers on the sites of its U.S.
Constellation Energy Corporation: Strategic Expansion and Financial Outperformance Drive Buy Recommendation
Analyst David Arcaro from Morgan Stanley maintained a Buy rating on Constellation Energy Corporation (CEG – Research Report) and keeping ...
Constellation Energy's stock is leading the S&P 500's losers, by a lot
Constellation Energy's stock was tumbling 11.1% in recent trading, to put it on track for a record one-day selloff. The nuclear power company's stock was the biggest decliner in the S&P 500 by far, as ...
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Three Mile Island owner lays out timeline for restarting Central Pa. nuclear plant [update]
The owner of the closed Three Mile Island nuclear plant hopes to have a new license – and a new name for the plant – to ...
Power-hungry AI campuses need new plan to Find Power Fast
Tech giants looking to quickly power massive artificial intelligence (AI) centres will need to come up with new strategies ...
Constellation Energy raises annual profit forecast on higher electricity demand
Electric utility Constellation Energy raised its full-year profit forecast and beat Wall Street estimates for third-quarter earnings on Monday, helped by higher power demand.
NYS eyes new nuclear power to meet climate goals, demand for electricity
But critics say nuclear power is expensive and poses health risks. One of the biggest challenges would be public approval, ...