Microsoft Taps Constellation For 20-Year Carbon-Free Power – 3,400 Jobs Coming To Pennsylvania
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 20 2024
0mins
Should l Buy MSFT?
Source: Benzinga
Power Purchase Agreement: Constellation Energy Corporation has signed a 20-year power purchase agreement with Microsoft to launch the Crane Clean Energy Center and restart the Three Mile Island Unit 1, aiming to provide carbon-free energy for Microsoft's data centers.
Economic Impact: The project is expected to create 3,400 jobs in Pennsylvania and ensure sufficient baseload power for the state while supporting both companies' sustainability goals.
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Analyst Views on MSFT
Wall Street analysts forecast MSFT stock price to rise
34 Analyst Rating
32 Buy
2 Hold
0 Sell
Strong Buy
Current: 409.410
Low
500.00
Averages
631.36
High
678.00
Current: 409.410
Low
500.00
Averages
631.36
High
678.00
About MSFT
Microsoft Corporation is a technology company that develops and supports software, services, devices, and solutions. Its Productivity and Business Processes segment consists of products and services in its portfolio of productivity, communication, and information services, spanning a variety of devices and platforms. It comprises Microsoft 365 Commercial products and cloud services; Microsoft 365 Consumer products and cloud services; LinkedIn, and Dynamics products and cloud services. The Intelligent Cloud segment consists of its public, private, and hybrid server products and cloud services. It comprises server products and cloud services, including Azure, and enterprise and partner services, including Enterprise Support Services. Its More Personal Computing segment primarily comprises Windows and Devices, including Windows OEM licensing; Gaming, including Xbox hardware and Xbox content; Search and news advertising, comprising Bing and Copilot, Microsoft News, and Microsoft Edge.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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