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Constellation Energy to buy Calpine: what CEG investors should know
- Deal expected to add $2B annually to Constellation's free cash flow, fueling reinvestments in clean energy.
- Nuclear energy stocks have enjoyed a rally in 2024 due to Big Tech's need for power for their AI projects.
- Analyst say deal price fair, but change in CEG's risk profile could lead to higher risk premium priced in.
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