Constellation Energy’s Strategic Growth
Constellation Energy (NASDAQ: CEG), spun off from Exelon in early 2022, is set to nearly double its size this year with the acquisition of Calpine for $26.6 billion. This deal will add over 20% to its earnings per share and significantly diversify its portfolio to a combined 60 GW of power generation capacity, meeting the electricity needs of over 20 million homes and businesses.
Constellation operates more than 32.4 GW of power generation capacity, with approximately 90% sourced from carbon-free energy, including the largest nuclear power fleet in the U.S. Recent agreements will allow the company to supply nuclear energy to major tech firms, including Microsoft and Meta, while forecasters predict a 58% increase in electricity demand by 2045.
