Constellation Energy (CEG) Lauds Trump’s Decision To Reinvigorate Nuclear Energy

Constellation Energy Corporation (NASDAQ:CEG), the largest producer of carbon-free energy in the US, with a special emphasis on nuclear power.

Constellation Energy (CEG) Lauds Trump's Decision To Reinvigorate Nuclear Energy

Photo by Frédéric Paulussen on Unsplash

The share price of Constellation Energy Corporation (NASDAQ:CEG) has surged by more than 32% over the last month, following the Trump administration’s keen focus on fast-tracking the deployment of nuclear reactors in the United States. The President recently signed an executive order to quadruple the country’s nuclear energy production by cutting down on regulations and fast-tracking new licenses for reactors and power plants. The strategic move aims to power the ongoing AI boom and its accompanying data centers, which are expected to raise the domestic electricity demand to record highs in 2025 and 2026.

This presents a significant opportunity for Constellation Energy Corporation (NASDAQ:CEG), which is already moving ahead with power deals with data centers. Last year, the company also signed a massive power purchase agreement with Microsoft to help resurrect a unit of the Three Mile Island nuclear plant and power its AI data center.

Constellation Energy Corporation (NASDAQ:CEG) issued the following statement regarding President Trump’s executive orders on advancing nuclear energy:

“On behalf of the thousands of women and men who work at our 12 well-run nuclear power plants, we applaud the Trump administration for its strong support for preserving and expanding America’s nuclear fleet to power our economy, win the AI race against China, and reassert America’s leadership in nuclear energy. The administration has rightly focused on common sense initiatives to expand the existing fleet with fast-track licensing, increase domestic conversion and enrichment of nuclear fuel, and accelerate the deployment of new reactors — all while maintaining the NRC’s track record of being a responsible regulator to what is considered the safest nuclear fleet in the world. Constellation is walking the walk with plans to invest billions of dollars into its fleet on projects like increasing the generation capacity of our plants by up to 1,000 additional megawatts and relicensing the entire fleet into the 2070s, creating over 11,000 family-sustaining jobs for a minimum of 20 years.”

While we acknowledge the potential of CEG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CEG and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.