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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Utility company Constellation Energy said on Thursday it has received a regulatory approval from the Federal Energy Regulatory Commission (FERC) for its previously announced $16.4 billion acquisition of Calpine Corporation.
The Baltimore-Md.-based company is a direct beneficiary of the boom in artificial intelligence, which requires massive amounts of electricity.
Recently, Zacks.com users have been paying close attention to Constellation Energy Corporation (CEG). This makes it worthwhile to examine what the stock has in store.
Power grid operator PJM Interconnection says the balance between supply and demand ‘remains tight.'
In the most recent trading session, Constellation Energy Corporation (CEG) closed at $317.88, indicating a -1.1% shift from the previous trading day.
CEG is expanding its renewable energy offerings and boosting clean power portfolio.
The artificial intelligence (AI) boom has a dirty little secret: The technology is an energy hog of epic proportions. Training an advanced frontier large language model can consume as much electricity as 1,000 U.S. homes use in a year, depending on model size and run time.
CEG moves up over 8 points after Alert
In the most recent trading session, Constellation Energy Corporation (CEG) closed at $325.99, indicating a +1.38% shift from the previous trading day.