Google deal adds 890 MW as Constellation Energy stock trades 2.95 percent higher

Published on 10/09/2026 at 16:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Constellation Energy stock costs EUR 262.83 on October 9, 2026 after EUR 255.30, plus 2.95 percent. Scotiabank targets USD 355.00.

Key points in brief

Google and Constellation announced a 20-year agreement adding 890 MW of nuclear capacity to the PJM grid on October 6, 2026.
The agreement represents more than USD 4.3 billion of new investment and includes a separate 2,700 MW supply deal.
Constellation Energy stock was trading at EUR 262.83 at Lang & Schwarz on October 9, 2026, up 2.95 percent versus EUR 255.30.
Second-quarter adjusted operating earnings reached USD 2.55 per share, while full-year guidance rose to USD 11.50-12.50 per share.

Aquarellillustration der Baltimore Hafenstadt mit Strommasten bei Dämmerung — Constellation Energy Aquarell US21037T1097 zeigt Baltimore Hafenskyline mit großen Hochspannungsmasten bei Abenddämmerung, Illustration mit AI erstellt.

Constellation Energy stock was trading at EUR 262.83 at Lang & Schwarz on October 9, 2026 at 4:37 p.m. CEST, up 2.95 percent versus the prior close of EUR 255.30. On October 6, 2026, Constellation Energy and Google announced a 20-year agreement for 890 megawatts of new nuclear capacity.

Google deal expands contracted power

The agreement covers upgrades at 11 nuclear units in Illinois, Pennsylvania, and New Jersey and represents more than USD 4.3 billion of new investment. A separate 15-year supply agreement adds 2,700 megawatts from Constellation's existing PJM fleet, while the first uprated output is expected in 2028.

Reuters reported on October 6, 2026, that the combined Google agreements cover 3,590 megawatts of power. The structure gives Constellation longer-term revenue visibility, but the investment cycle means much of the new capacity arrives after 2026.

What does the deal change?

The commercial backdrop is already visible in the latest reported quarter. According to Benzinga in its second-quarter 2026 transcript, GAAP earnings were USD 1.42 per share and adjusted operating earnings were USD 2.55 per share. Adjusted earnings were USD 0.64 higher than in the second quarter of 2025, creating a clear comparison between reported periods.

The same transcript says full-year adjusted operating earnings guidance rose to USD 11.50-12.50 per share from USD 11.00-12.00 per share. That USD 0.50 increase makes execution on the new contracts more important than the headline capacity figure alone.

Three dated operating milestones

On August 6, 2026, Constellation reported second-quarter revenue of USD 7.50 billion and adjusted operating earnings of USD 2.55 per share, according to AlphaStreet. On September 30, 2026, the Amazon agreement added 190 megawatts at Calvert Cliffs. On October 6, 2026, the Google agreement added 890 megawatts and more than USD 4.3 billion of planned investment.

Analyst target remains higher

StockAnalysis listed Scotiabank's October 7, 2026 target at USD 355.00, down from USD 441.00, while the rating remained Buy. The same page showed 22 analysts and an average target of USD 341.53. Those dollar targets cannot be netted against the euro quote, but they underline the market's focus on future contracted earnings.

Stock trades near its current range

At Lang & Schwarz, Constellation Energy was trading at EUR 262.83 on October 9, 2026 at 4:37 p.m. CEST, up 2.95 percent versus the EUR 255.30 prior close. The primary listing is on NASDAQ, where the finance quote showed USD 294.52 at 10:42 a.m. EDT on October 9, 2026; its 52-week range was USD 228.63 to USD 412.70 and its market capitalization was USD 105.8 billion.

The further course of trading is shown by the continuously updated real-time quote of Constellation Energy stock.