Constellation Energy (CEG) Signs Google Nuclear Deal, Is It Still Undervalued?

Constellation Energy (CEG) just locked in a 20 year nuclear power purchase agreement with Alphabet’s Google, anchoring a long runway of contracted, carbon free supply for energy hungry data centers. The Google agreement lands after a mixed stretch for Constellation Energy’s stock, with a 1-day share price gain of 4.6% to US$270.74 offset by a year-to-date share price decline of 26.08% and a 1-year total shareholder return that is down 22.23%. At the same time, the 3-year total shareholder...