On October 1, Constellation Energy Corp rose 3.09% in pre-market trading, trading at $262.00/share, with turnover of $196,300. The stock had already gained over 3% in after-hours trading the prior session following a major contract announcement.

On the news front, Constellation Energy Corp and Amazon announced a long-term agreement to support investment in and expansion of the Calvert Cliffs Clean Energy Center in Maryland. The deal is expected to drive more than $3 billion in infrastructure investment at the 1,790-megawatt nuclear plant, including upgrades and approximately 190 megawatts of new emissions-free generating capacity slated to come online between 2030 and 2032. The agreement includes a 20-year power purchase contract covering 690 megawatts of power, along with a related retail supply agreement to support Amazon operations across the 13-state PJM market.

This deal follows a series of strategic moves by Constellation Energy Corp, including a 15-year renewable energy agreement with Toyota North America and a $715 million acquisition of a Rhode Island natural gas-fired facility from Shell. The company has raised its full-year adjusted operating EPS guidance to $11.50–$12.50 and has indicated that most of its generation capacity is contracted through 2050 and beyond.

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