Constellation Energy Corp.
November 04, 2024 - by Joey Ramson
$CEG gapped below its 50DMA and is down 10% today, despite beating on its earnings before the bell. The reason for the drop despite the earnings beat, is that the Federal Energy Regulatory Commission has rejected a request by another electric power utility company, Talen Energy, to increase the amount of nuclear power it supplies to a data center operated by Amazon.
