HomeMicrosoft (MSFT), Constellation Energy (CEG) Deal Bullish for Utilities

Microsoft (MSFT), Constellation Energy (CEG) Deal Bullish for Utilities

The two companies formed an unlikely alliance to power up nuclear reactors at Three Mile Island. The goal: to power Microsoft's (MSFT) planned data centers to expand its A.I. output. Tom Essaye calls the deal a bullish case for utilities in the long-term. He also says this deal "can kickstart a whole lot of deals like this," pointing to electricity and crypto mining stocks.

The Watch List

20 Sep 2024

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