Analyst chatter following last week's news that S&P 500 component Constellation Energy and Microsoft had inked a two-decade long contract to provide nuclear power for the tech giant's data centers has fueled a utility stock rally this week. Along with Constellation Energy, fellow S&P 500 nuclear power utilities play Vistra had jumped 10.4% on the week as of Wednesday's close. Meanwhile, S&P 500 stock NRG Energy advanced 1.5% during Thursday's market action after it raised 2024 guidance with management claiming the company can "drive growth and capitalize on the emerging opportunities in our markets." Read More...
Analyst chatter following last week’s news that S&P 500 component Constellation Energy and Microsoft had inked a two-decade long contract to provide nuclear power for the tech giant’s data centers has fueled a utility stock rally this week. Along with Constellation Energy, fellow S&P 500 nuclear power utilities play Vistra had jumped 10.4% on the week as of Wednesday’s close. Meanwhile, S&P 500 stock NRG Energy advanced 1.5% during Thursday’s market action after it raised 2024 guidance with management claiming the company can “drive growth and capitalize on the emerging opportunities in our markets.”
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