FTWO Overview

NYSE Texas Launches ETFs: The New York Stock Exchange has listed its first exchange-traded funds (ETFs) through Strive Asset Management, featuring 13 different ETFs that will also maintain their primary listing on the NYSE.

Support for Capital Markets: Strive's CEO emphasized the importance of innovation and shareholder value in capital markets, while NYSE Group's Head of Exchange Traded Solutions expressed excitement about welcoming Strive as the first ETF issuer on NYSE Texas, enhancing the state's pro-business environment.

Contract Acquisition: Constellation Energy Corporation has secured over $1 billion in contracts from the U.S. General Services Administration, including a historic 10-year contract worth $840 million to supply power and enhance energy efficiency for federal agencies.

Energy Efficiency Initiatives: The company will implement energy-saving measures at five GSA-owned facilities, with construction starting this month and lasting 42 months, while also committing to provide significant clean energy capacity enhancements by 2028.

Company Performance: Constellation Energy Corporation's shares fell 10.4% after reporting third-quarter results that included sales of $6.550 billion and adjusted EPS of $2.74, both exceeding estimates, but revised FY24 EPS guidance to $8.00 – $8.40, slightly below expectations.

Future Initiatives: The company signed a significant 20-year power purchase agreement with Microsoft for the Crane Clean Energy Center and plans to restart Three Mile Island Unit 1, while emphasizing the importance of clean energy in supporting economic competitiveness and national security.

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.

Power Market Auction Results: Vistra Corp. and Constellation Energy shares rose following PJM Interconnection's announcement of a significant increase in power prices for the 2025-2026 capacity auction, with prices jumping from $28.92 to $269.92 per megawatt-day.

Nuclear Plant License Extension: Vistra also reported that the Nuclear Regulatory Commission approved a 20-year extension for the Comanche Peak Nuclear Power Plant’s operation, now valid through 2053.

Constellation Energy Corporation Talks with Pennsylvania Officials:

• Constellation Energy Corporation is in discussions with Pennsylvania officials to potentially fund a restart of part of its Three Mile Island power facility, known for a 1970s nuclear meltdown.
• The company has not made a final decision on restarting the unit due to various economic, commercial, operational, and regulatory considerations.

Potential Restart of Three Mile Island Site:

• Talks suggest plans to restart part of the site, excluding the unit that experienced the meltdown, based on a recent engineering study completed by Constellation Energy Corporation.
• No U.S. nuclear power plant has ever been reopened after closure due to high costs, logistical challenges, and expected opposition regarding safety and environmental concerns.

Focus on Nuclear Energy Expansion:

• Constellation Energy Corporation is focusing on expanding its current fleet rather than acquiring additional sites amidst the current emphasis on nuclear energy.
• The company reported strong first-quarter financial results with adjusted EPS exceeding consensus but sales missing expectations.

Model for Public-Private Sector Approach:

• A decommissioned nuclear plant in Michigan recently received a $1.5 billion conditional loan for restart, potentially serving as a model for the public-private sector approach at Three Mile Island.

Investment Opportunities:

• Investors can gain exposure to Constellation Energy Corporation through ETFs like EA Series Trust Strive FAANG 2.0 ETF FTWO and Virtus Reaves Utilities ETF UTES.
• CEG shares were up 2.49% at $211.28 at the last check on Wednesday.