Talen, Constellation and Vistra tumble after government rejects Amazon nuclear data center agreement
Publishing timestamp: 2024-11-04 13:50:53
Summary
The Federal Energy Regulatory Commission rejected a request to increase the amount of power the Susquehanna nuclear plant can dispatch to Amazon's data center campus. This decision could impact future deals between power and tech companies. Tech companies are increasingly turning to nuclear power to meet growing energy needs for AI and cloud computing. Stocks of companies involved in the energy sector have been performing well as a result.
Sentiment: MIXED
Tickers: CEG, EXC, UNDEFINED, AMZN, MSFT, NVDA, VST,
Keywords: business news, breaking news: markets, exelon corp, oil and gas, nvidia corp, energy, environment, amazon.com inc, constellation energy corp, markets, talen energy corp, microsoft corp, vistra corp,