Microsoft Deal Puts Constellation Energy At Heart Of AI Power Story

Microsoft Deal Puts Constellation Energy At Heart Of AI Power Story

By Simply Wall St
Publication Date: 2026-04-28 04:27:00

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  • Constellation Energy (NasdaqGS:CEG) is partnering with Microsoft to restart the Three Mile Island nuclear facility to supply power to data centers.

  • The agreement focuses on providing carbon free electricity tailored to rising AI related power needs.

  • The move adds a high profile digital infrastructure customer to Constellation Energy’s existing generation portfolio.

Constellation Energy trades at $315.17, with the shares up 9.6% over the past week and 4.5% over the past month. Over the past year, the stock has gained 40.9%, and the return over three years is described as very large. For readers tracking clean power names, NasdaqGS:CEG is entering this Microsoft agreement with strong recent share price momentum despite a 13.9% decline year to date.

This Three Mile Island project places Constellation Energy closer to the center of…