Constellation Energy Corp Secures More Than 1100 MW for CyrusOne Data Centers in Texas
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 12h ago
0mins
Should l Buy CEG?
Source: moomoo
- Contract Award: Constellation Energy Corp has secured a contract for over 1100 MW for the Cyrus One data centers located in Texas.
- Energy Supply: This contract is part of a broader initiative to support the energy needs of data centers in the region.
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Analyst Views on CEG
Wall Street analysts forecast CEG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CEG is 412.82 USD with a low forecast of 350.00 USD and a high forecast of 520.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
8 Buy
3 Hold
0 Sell
Moderate Buy
Current: 261.420
Low
350.00
Averages
412.82
High
520.00
Current: 261.420
Low
350.00
Averages
412.82
High
520.00
About CEG
Constellation Energy Corporation is a producer of emissions-free energy and an energy supplier to businesses, homes and public sector customers nationwide. The Company’s nuclear, hydro, wind, and solar generation facilities have the generating capacity to power the equivalent of 16 million homes, providing about 10% of the nation's clean energy in the United States. Its segments include Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. Through its integrated business operations, it sells electricity, natural gas, and other energy-related products and sustainable solutions to various types of customers, including distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers in markets across multiple geographic regions. Its nuclear fleet has a generating capacity of approximately 22 gigawatts (GWs). It operates approximately 10 GWs of natural gas, oil, hydroelectric, wind, and solar generation assets.
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.
Constellation Energy Signs Major Power Agreement with CyrusOne
- New Power Agreement: Constellation Energy's Calpine unit has signed a significant power agreement with data center operator CyrusOne in Texas, committing to supply 380 megawatts of power and infrastructure, which is expected to enhance the company's competitive position in the rapidly growing data center market.
- Total Contract Volume: This agreement brings Constellation Energy's total contracted capacity for CyrusOne to over 1,100 megawatts, combined with two earlier 200-megawatt deals, indicating the company's robust capability to meet the rising electricity demand.
- Growing Market Demand: With the booming artificial intelligence and data economy, Constellation Energy aims to leverage its
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- New Agreement Signed: Constellation Energy's Calpine unit has signed a new 380 MW agreement with data center developer CyrusOne to provide power and infrastructure for a new data center near the Freestone Energy Center in Texas, further solidifying its position in the energy market.
- Expansion Plans: Calpine has also entered into an exclusive agreement to provide an additional 380 MW of power and grid connectivity for Phase 2, which not only meets the growing demand for data centers but also lays the groundwork for future business expansion.
- Total Contract Capacity Increase: This deal brings the total contracted power capacity for CyrusOne's data centers in Texas to over 1,100 MW, demonstrating the company's strong performance and increased market share in a rapidly growing sector.
- Acquisition Completed: Last month, Constellation Energy completed its $16.4 billion acquisition of Calpine, further enhancing its competitive edge in the nuclear and renewable energy sectors, which is expected to drive future growth potential.
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- Power Supply Agreement: Constellation Energy's subsidiary Calpine has signed a 380-megawatt power supply agreement with Dallas-based CyrusOne to provide electricity and infrastructure for a new data center adjacent to the Freestone Energy Center in Texas, ensuring smooth development of the facility.
- Phase Two Expansion: Calpine has also entered into an exclusive agreement to provide an additional 380 MW of power and infrastructure support, indicating the company's commitment to the data center market and preparing for future power demand growth.
- Regional Grid Support: This agreement allows CyrusOne to access the necessary power and grid connectivity, ensuring electricity supply for the new facility while maintaining regional grid stability, thereby enhancing Calpine's competitiveness in the power market.
- Positive Market Reaction: In pre-market trading on Nasdaq, Constellation Energy shares rose by 0.84% to $263.61, reflecting the market's positive response to the new agreement, which may drive future growth potential for the company.
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Constellation Energy Corp Secures More Than 1100 MW for CyrusOne Data Centers in Texas
- Contract Award: Constellation Energy Corp has secured a contract for over 1100 MW for the Cyrus One data centers located in Texas.
- Energy Supply: This contract is part of a broader initiative to support the energy needs of data centers in the region.
See More
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- New Power Agreement: Constellation Energy's Calpine unit has signed a significant power agreement with data center operator CyrusOne in Texas, committing to supply 380 megawatts of power and infrastructure, which is expected to enhance the company's competitive position in the rapidly growing data center market.
- Total Contract Volume: This agreement brings Constellation Energy's total contracted capacity for CyrusOne to over 1,100 megawatts, combined with two earlier 200-megawatt deals, indicating the company's robust capability to meet the rising electricity demand.
- Growing Market Demand: With the booming artificial intelligence and data economy, Constellation Energy aims to leverage its
See More
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See More
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- New Agreement Signed: Constellation Energy's Calpine unit has signed a new 380 MW agreement with data center developer CyrusOne to provide power and infrastructure for a new data center near the Freestone Energy Center in Texas, further solidifying its position in the energy market.
- Expansion Plans: Calpine has also entered into an exclusive agreement to provide an additional 380 MW of power and grid connectivity for Phase 2, which not only meets the growing demand for data centers but also lays the groundwork for future business expansion.
- Total Contract Capacity Increase: This deal brings the total contracted power capacity for CyrusOne's data centers in Texas to over 1,100 MW, demonstrating the company's strong performance and increased market share in a rapidly growing sector.
- Acquisition Completed: Last month, Constellation Energy completed its $16.4 billion acquisition of Calpine, further enhancing its competitive edge in the nuclear and renewable energy sectors, which is expected to drive future growth potential.
See More
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- Power Supply Agreement: Constellation Energy's subsidiary Calpine has signed a 380-megawatt power supply agreement with Dallas-based CyrusOne to provide electricity and infrastructure for a new data center adjacent to the Freestone Energy Center in Texas, ensuring smooth development of the facility.
- Phase Two Expansion: Calpine has also entered into an exclusive agreement to provide an additional 380 MW of power and infrastructure support, indicating the company's commitment to the data center market and preparing for future power demand growth.
- Regional Grid Support: This agreement allows CyrusOne to access the necessary power and grid connectivity, ensuring electricity supply for the new facility while maintaining regional grid stability, thereby enhancing Calpine's competitiveness in the power market.
- Positive Market Reaction: In pre-market trading on Nasdaq, Constellation Energy shares rose by 0.84% to $263.61, reflecting the market's positive response to the new agreement, which may drive future growth potential for the company.
See More
Constellation Energy Corp Secures More Than 1100 MW for CyrusOne Data Centers in Texas
- Contract Award: Constellation Energy Corp has secured a contract for over 1100 MW for the Cyrus One data centers located in Texas.
- Energy Supply: This contract is part of a broader initiative to support the energy needs of data centers in the region.
See More
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- Surge in Investments: The Trump administration has made unprecedented equity investments in at least 10 companies over the past year, including critical minerals and chipmakers, aiming to build a domestic supply chain and reduce reliance on China, indicating a proactive government role in economic strategy.
- U.S. Steel Golden Share: The administration secured a golden share in U.S. Steel as a condition for approving Nippon Steel's acquisition, granting the president veto power over key business decisions, which ensures stability and growth in the U.S. steel industry, reflecting direct government intervention in vital sectors.
- Strategic Deal with MP Materials: The Defense Department struck a landmark deal with MP Materials, investing $400 million in preferred stock with rights to purchase additional shares, positioning the Pentagon as the largest single shareholder and further solidifying U.S. dominance in the rare earth mining sector.
- L3Harris and Defense Partnership: L3Harris announced a proposed partnership with the U.S. government, where the Pentagon will invest $1 billion in its rocket motor business, with plans for an IPO in the second half of 2026, allowing the Pentagon's investment to convert into common equity, enhancing the capital base of the defense industry.
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