Constellation Energy Corp. closed $21.13 below its 52-week high ($310.00), which the company reached on January 10th.

The power producer agreed to buy Calpine this past week for $16.4 billion and has become an industry darling amid surging electricity demand

Constellation Energy Corporation (CEG) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Constellation Energy Corporation ( CEG, Financials) said Friday that it will purchase Calpine Corporation ( CPN, Financials) for $26.6 billion in cash and shares, becoming the largest US renewable energy provider. The agreement combines Calpine's low-carbon natural gas and geothermal with Constellation's emissions-free nuclear.

Constellation Energy agreed to buy Calpine for $16.4 billion, combining two of the country’s largest electricity generators at a time when their product is in high demand from tech companies. Including the assumption of debt,

Constellation says that after merging with Calpine, it will be the biggest electric utility in America, with 2.5 million customers, and also the

US energy giant Constellation Energy has agreed to acquire Calpine Corporation, an independent power producer, for $26.6 billion, including debt considerations. The transaction includes 50 million shares of Constellation stock, $4.5 billion in cash, and the assumption of about $12.7 billion in Calpine’s net debt.

Constellation Energy Corp. (CEG) stock gained over 3% in morning trade on Tuesday after multiple analysts raised their price targets in response to the company's acquisition of Calpine. The transaction,