Constellation Energy shares are trading higher after the company announced it signed a 20-year power purchase agreement with Microsoft that will help launch the Crance Clean Energy Center and restart Three Mile Island Unit 1.
Portfolio Pulse from Benzinga Newsdesk
Constellation Energy's shares rose following the announcement of a 20-year power purchase agreement with Microsoft.
September 20, 2024 | 11:32 am
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Constellation Energy's stock is trading higher due to a new 20-year power purchase agreement with Microsoft, indicating a strong partnership and potential revenue stability.
The long-term agreement with a major company like Microsoft suggests a stable revenue stream for Constellation Energy, positively impacting investor sentiment and driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100