Constellation Energy (CEG) Is Down 6.4% After New DOE-Funded Nuclear Restart And AI-Powered Demand Shift
The US Department of Energy approved a US$1.00 billion loan to restart Constellation Energy’s Crane nuclear plant, while regulators cleared a US$167.00 million digital safety upgrade at its Limerick station, both aimed at boosting carbon-free capacity and operational reliability for power-hungry AI regions.
These moves reinforce Constellation’s position as a key nuclear operator already earning profits from its fleet, while expanded share-buybacks and long-term data-center contracts suggest...
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