The power plant owner has two deals with the U.S. government that are expected to pay out about $1 billion over the next several years.

Constellation Energy contracts, set to begin on April 25, estimated to provide electricity equivalent to power more than 1 million homes annually.

The nuclear stocks today raise for more than 6% fueled by optimism following 10-year contract worth $840 million awarded by the U.S. GSA (General Services Administration) to Constellation Energy ( NASDAQ:CEG ). The contract puts Constellation in a good position for future growth as additional revenue projected.

Google, Meta, Amazon, and Microsoft have all inked splashy nuclear energy deals over the past year. In September of last year, Microsoft and Constellation announced a plan to restart a shuttered reactor at Three Mile Island in Pennsylvania, the site of the worst nuclear energy accident in US history.

Constellation Energy has seen significant gains in 2024 due to rising demand for energy driven by AI. Short-term challenges may present an opportunity for long-term investors, but caution is advised due to technical signals and valuation concerns.

Constellation awarded more than $1 billion in combined contracts by the U.S. General Services Administration to supply power and efficiency solutions.

Constellation Energy has been awarded a record $1 billion in contracts to supply nuclear power to the U.S. government over the next decade, the company said on Thursday.

Nuclear stocks soared Thursday after Constellation Energy announced a 10-year contract with the federal government.

Key Takeaways Constellation Energy shares jumped Thursday after the company and the U.S. General Services Administration announced a pair of contracts worth over $1 billion.Constellation will supply over a dozen government agencies with nuclear energy over the next decade as part of a 10-year,