CONSTELLATION ENERGY CORP Stock Price, News & Analysis

Constellation (Nasdaq: CEG) proposed up to 5,800 megawatts of new generation and battery storage in Maryland on November 4, 2025, offering a menu of near- and long-term options to meet rising electricity demand, lower bills and support climate goals.

Near-term filings (Oct 31) include >1,500 MW of fast-track projects: up to 800 MW battery storage and >700 MW of gas-fired units that could later convert to hydrogen. Longer-term options total up to 4,000 MW of nuclear investments, including relicensing Calvert Cliffs (~2,000 MW) and a possible 2,000 MW new advanced nuclear build; uprates could add 190 MW.

Calpine (NYSE:CEG) and CyrusOne expanded their Powered Land Agreement to a total of 400 MW at the Thad Hill Energy Center in Bosque County, Texas, adding 210 MW to the original 190 MW.

The supply secures power, grid connection, and land for a hyperscale CyrusOne data center currently under construction and expected to be operational by Q4 2026. Calpine highlighted coordinated operations to curtail generation during supply scarcity to support grid reliability. The companies said the deal supports fast deployment for large-load customers and positions Calpine as a provider of scalable power solutions for hyperscale data centers.

Constellation Energy (Nasdaq: CEG) declared a quarterly cash dividend of $0.3878 per share. The dividend is payable on Dec. 5, 2025 to shareholders of record as of 5 p.m. Eastern on Nov. 17, 2025.

Constellation (Nasdaq: CEG) and Xpansiv will launch annual emission-free energy certificates (EFECs) sourced from Constellation's clean energy centers in the PJM region on Xpansiv’s CBL spot exchange beginning December 2, 2025. The partners plan to add hourly EFECs later and will use Xpansiv’s North American Renewables Registry (NAR) to issue nuclear-based zero-emission certificates (ZECs) with full lifecycle traceability.

The announcement links these products to demand growth from data centers and cites NAR’s registry coverage of more than 89 GW of renewable capacity. A webinar is scheduled for November 12, 2025 to explain registry-issued certificates.

Calpine (NYSE:CEG) closed a Texas Energy Fund loan to support development of the 460-megawatt Pin Oak Creek peaking facility adjacent to its Freestone Energy Center in Freestone County, Texas.

The facility is under construction and is expected to be operational before summer 2026; it is designed to start within minutes to supply additional power during periods of peak demand and support continued economic growth in Texas.

Calpine (NYSE:CEG) marked the 65th anniversary of The Geysers on October 13, 2025, celebrating six decades of commercial geothermal operations that began in 1960.

Calpine operates 13 geothermal plants across 45 square miles at The Geysers, producing enough renewable electricity to power approximately 725,000 homes annually. The site employs nearly 300 employees and 150 contractors in Lake and Sonoma Counties.

To commemorate the milestone, Calpine donated $65,000 to the Clear Lake Environmental Research Center to support watershed protection, wildfire prevention and habitat restoration.

Constellation (Nasdaq: CEG) announced the second annual CLEAN Awards, with the Constellation Foundation providing nearly $1.1 million to fund 46 local environmental stewardship projects across Illinois, Maryland, New York, Pennsylvania and Texas.

A total of 34 nonprofits will receive grants from $4,000 to $125,000 for projects including wetland rehabilitation, wildlife enclosure construction, urban tree planting, living shorelines and youth nature programs.

Constellation (Nasdaq: CEG) has appointed Alan S. Armstrong to its board of directors, effective January 1, 2026. Armstrong brings significant industry experience as the current executive chairman and former president and CEO of Williams, a major U.S. energy infrastructure company.

Armstrong's appointment comes as Constellation works to integrate America's largest natural gas portfolio through its Calpine deal. With nearly 40 years of experience at Williams, including 14 years as CEO, Armstrong led major expansions in energy infrastructure and drove operational excellence. He currently serves as chair of the National Petroleum Council and is a founding member of Natural Allies for a Clean Energy Future.

Constellation (NYSE:CEG) marked the one-year anniversary of its announcement to restart the Three Mile Island Unit 1, now renamed Crane Clean Energy Center. The project has achieved significant milestones, with restart accelerated to 2027 and the facility 80% staffed with 500 full-time employees.

The restart is supported by a 20-year power purchase agreement with Microsoft. The project is expected to generate 3,400 direct and indirect jobs, contribute over $16 billion to Pennsylvania's GDP, and generate more than $3 billion in tax revenue. Technical inspections are near completion, and regulatory approvals, including PJM interconnection, are progressing as planned.

Constellation is also pursuing additional investments that could add up to 2,000 megawatts of new, clean baseload capacity to the grid through the Crane restart and existing nuclear plant upgrades.