On September 17, Constellation Energy Corp rose 3.21% in regular trading, trading at 267.41 USD/share, with turnover of $255 million. The rebound follows a period of selling pressure triggered by the company's announcement to acquire the Rhode Island State Energy Center, a 609-megawatt natural gas combined-cycle power plant, from Shell for $715 million.

The acquisition news initially weighed on shares, with the stock falling over 3% on September 14 as investors assessed the large capital outlay. However, management emphasized the net price is approximately $580 million after first-year tax benefits, the deal will be immediately accretive to operating earnings, delivers returns above its 10% unlevered threshold, and will not affect its authorized $5 billion share repurchase program through the end of next year. The transaction remains subject to regulatory approval and is expected to close in Q1 of next year.

Within the Electric Utilities sector, Oklo Inc. led gains at 10.36%, while NextEra rose 0.51%, PG&E Corp rose 0.49%, and Xcel Energy gained 0.47%. Constellation Energy Corp is the largest producer of carbon-free energy in the United States, with nuclear, hydro, wind, and solar assets powering approximately 16 million homes.

(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.)