Constellation Energy (CEG) Strikes 20-Year PPA with Meta, Boosts Nuclear Expansion Plans

We recently published 11 Most Profitable Utility Stocks to Buy According to Hedge Funds.Constellation Energy Corporation (NASDAQ:CEG) is one of these profitable utility stocks.

Constellation Energy Corporation (NASDAQ:CEG), a Fortune 200 leader in emissions-free energy, delivers nearly 90% carbon-free power through nuclear, hydro, wind, and solar sources, serving businesses, homes, and public sectors nationwide. It powers the equivalent of 16 million homes, including three-fourths of Fortune 100 companies.

Recent highlights include a 20-year Power Purchase Agreement with Meta starting in 2027, covering the full output of the Clinton Clean Energy Center. This deal supports Meta’s clean energy goals and enables a 30-megawatt capacity expansion at the Clinton facility, which will provide low-cost, reliable power to the local grid for decades.

Constellation Energy Corporation (NASDAQ:CEG) is making major investments in Pennsylvania’s nuclear sector: the Crane Clean Energy Center is set to restart operations a year early in 2027 with 835 megawatts capacity; the company is seeking Nuclear Regulatory Commission approval to extend Peach Bottom Energy Center’s operations through 2054; and the Limerick Clean Energy Center plans life extension and a 340-megawatt capacity boost to operate through the 2040s, backed by customer commitments. These efforts aim to enhance grid reliability and foster innovation, including in AI.

The business also launched an AI-driven demand response tool to help businesses reduce energy consumption during peak periods, boosting grid efficiency and cutting costs.

In Q2 2025, Constellation Energy Corporation (NASDAQ:CEG) reported adjusted operating earnings of $1.91 per share, surpassing analyst expectations, fueled by rising electricity demand from AI, electric vehicles, and industrial growth.

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