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Constellation Energy Corporation (CEG) Unit Signs New 380-megawatt Deal with CyrusOne
Constellation Energy Corporation (CEG) has signed a new 380-megawatt agreement with CyrusOne to power a new data center near the Freestone Energy Center in Texas. This deal, through CEG’s Calpine business, brings the total contracted electricity for CyrusOne data centers in Texas to over 1,100 MW. Wells Fargo recently updated CEG’s price objective to $460 from $478 while maintaining an Overweight rating, citing the company’s asset potential and ongoing data center transactions.