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Constellation surges on deal with Microsoft to restart Three Mile Island nuclear plant

September 20, 2024 9:06 AM EDT

Shares of Constellation Energy Group, Inc. (NASDAQ: CEG) surged over 11% in premarket trading on Friday following the announcement of a landmark power purchase agreement with Microsoft (NASDAQ: MSFT).

The deal, Constellation's largest-ever power purchase agreement, will support the relaunch of Three Mile Island Unit 1, which was shuttered in 2019 for... More