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Constellation Energy Corporation (CEG) Unit Signs New 380-megawatt Deal with CyrusOne
Constellation Energy Corporation’s (CEG) Calpine business has secured a new 380-megawatt agreement with CyrusOne to power a data center in Texas, bringing the total contracted electricity for CyrusOne data centers in Texas to over 1,100 MW. This deal follows the company’s recent $16.4 billion acquisition of Calpine and comes as Wells Fargo reaffirmed CEG as its “Best IPP Idea” despite a slight price target reduction. CEG, a clean electricity and renewable energy provider, is considered a strong utility stock, though the article suggests certain AI stocks might offer greater upside.