Constellation Signed 920 Megawatts of New Power Deals, Including a Walmart PPA. Here's What It Means for CEG Stock.
Constellation Energy secured 920 megawatts of long-term power purchase agreements in Q2, including a major 176 MW contract with Walmart spanning two 15-year terms. The company also made significant progress on its Microsoft deal with NRC approval for the Crane Clean Energy Center. Constellation projects 20% annualized earnings growth through 2029, with additional upside from future contracts.