On September 29, Constellation Energy Corp rose 3.15% in regular trading, trading at $268.68 per share, with turnover of approximately $42.03 million. The rally was driven by the company's recently announced 15-year renewable energy agreement with Toyota Motor North America.

Under the agreement, Toyota will obtain renewable energy certificates (RECs) from the Milan Solar project in Texas, which is expected to commence commercial operations in September of next year. The deal underscores both companies' commitment to clean energy transition, with Toyota leveraging RECs to advance its carbon neutrality goals and Constellation expanding its renewable energy footprint.

The positive momentum is further supported by a series of recent strategic moves. Constellation agreed to acquire Shell's Rhode Island State Energy Center — a 609-MW natural gas-fired facility — for $715 million, a deal expected to be immediately accretive to operating earnings at a net price of approximately $580 million after first-year tax benefits. Management confirmed this acquisition will not impact its $5 billion share repurchase program through the end of next year. Additionally, the company raised its full-year adjusted operating EPS guidance to $11.50–$12.50, above the FactSet consensus of $11.70, reinforcing market confidence in its long-term growth trajectory.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)