Here’s What Fueled These 10 Firms’ Surge

6. Constellation Energy Corporation (NASDAQ:CEG)

Constellation Energy rallied for a fourth consecutive day on Tuesday, adding 10.29 percent to finish at $273.82 apiece as investor sentiment was boosted by announcements that it would now shift its focus to powering artificial intelligence data centers from giant warehouses.

According to a report by Reuters, Constellation Energy Corporation (NASDAQ:CEG) is increasingly focused on data center projects connected to the grid as it aims to take advantage of the continued demand for electricity from AI data centers.

“On-grid sales are increasingly attractive to us and to our customers. I do want to make clear that we still believe that behind-the-meter configurations will make sense for some customers,” Constellation CEO Joseph Dominguez was quoted as saying in a shareholders’ meeting.

Additionally, the company hinted that it was close to clinching a new long-term nuclear deal, albeit details of the project were not divulged.

In the first quarter of the year, Constellation Energy Corporation (NASDAQ:CEG) saw earnings per share settle at $2.14, falling short of analyst expectations.

However, revenues were better than expected at $6.79 billion versus the $5.24 billion consensus estimate.