Constellation Energy, A Nasdaq-100 Nuclear Stock, Appears Ripe For Future Gains Following Calpine Deal

With bullish technical indicators supporting its stock momentum and a transformative acquisition underway, Constellation Energy Corp.‘s CEG stock appears primed for future gains following its $26.6 billion offer for Calpine Corp.

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Investors are already taking notice, as the transaction promises immediate EPS accretion of over 20% by 2026 and at least $2 per share of additional earnings in future years.

Baltimore-based Constellation expects Calpine to bolster its customer base to 2.5 million.

The deal is expected to close within 12 months, pending regulatory approval and other customary conditions.

Bullish Signals Light The Path Forward

Constellation Energy stock, at $279.95, sits comfortably above its eight-day, 20-day, 50-day and 200-day moving averages, all flashing bullish signals. The MACD (moving average convergence/divergence) indicator at 4.59 suggests continued buying momentum, while a steady RSI (relative strength index) of 66.95 signals moderate buying pressure.

The agreement with Calpine comes as Constellation Energy secures contracts worth more than $1 billion from the U.S. government to supply nuclear power to over 13 federal agencies.

The company is also partners with Microsoft on a plan to restart the Three Mile Island Unit 1 nuclear power plant.

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