Constellation's New Power Deals Are Piling Up. Here's Why the Stock Isn't Reflecting It Yet.
Constellation keeps racking up the deals, but its stock is trading more than 51% below its 52-week high.
Overview
Constellation Energy (NASDAQ: CEG) is one of the primary pick-and-shovel plays of the data center boom. The company, thanks to its ability to deliver clean, on-demand nuclear and natural gas energy, has been in demand among hyperscalers with growing artificial intelligence (AI) needs.
Constellation operates the largest nuclear fleet in the United States, delivering more than 180 terawatt hours (TWh) of annual nuclear generation.
Details
Despite its plethora of deals, the stock is down more than 51% from its 52-week high of $412.70 at its current price. So far this year, its shares are down more than 22%. There are several reasons for that apparent disconnect. Let's look into them and see whether the stock is a buy.
Source
Originally published at www.fool.com.