"Constellation Energy Corp ( NASDAQ:CEG) surged 10.33% this week, closing at $288.43 on Friday, February 13. The move reversed recent losses, though the stock remains down 18.35% year-to-date. Three storylines drove the week: major data center power deals, bullish analyst calls, and renewed conviction around nuclear energy's role in powering AI infrastructure. Performance: Bouncing Back From a Rough Start to 2026 CEG's 10.33% weekly gain outpaced the broader utilities sector, but it was a very good week across the utilities space in general."
"The Utilities Select Sector SPDR Fund ( NYSEARCA:XLU) gained 7.27% over the same period. Despite the bounce, CEG is nursing losses from a brutal January. The stock peaked at $412.23 over the past year before sliding to current levels. The one-month picture: CEG is down 12.7% from $330.38 on January 14. This week's rally provides relief but not full recovery. The stock trades at a 32x trailing P/E with a $100 billion market cap."
Constellation Energy rose 10.33% to close at $288.43 on February 13, reversing recent declines but remaining down 18.35% year-to-date. The stock outperformed the Utilities Select Sector SPDR Fund, which gained 7.27%, yet CEG is down 12.7% since January 14 and has fallen from a one-year peak of $412.23. Constellation struck a 380 MW agreement with CyrusOne in Texas, with an exclusive option for another 380 MW, bringing Texas commitments above 1,100 MW, and signed a 20-year deal to power Nissan Stadium with an on-site plant targeting 20% efficiency gains. The company uses a "Powered Land Capabilities" model to bundle generation, grid connectivity, and site infrastructure, locking in long-term data-center revenues while trading at about a 32x trailing P/E and a roughly $100 billion market cap.
Read at 24/7 Wall St.
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