New York, Feb 10, 2026, 15:23 EST — Regular session
- Shares ticked higher Tuesday afternoon, following a steep jump the previous day
- New contracts linked to data centers and an energy-services agreement for a stadium kept the stock in the spotlight
- Traders will be eyeing U.S. jobs and inflation reports later this week for hints on interest rates
On Tuesday afternoon, Constellation Energy’s shares ticked up 0.4% to $273.25, following an intraday range from $267.28 to $277.73.
Investors are snapping up shares in power suppliers poised to handle surging electricity demand from data centers. The Energy Information Administration reported Tuesday that U.S. power consumption is set to reach new records in 2026 and 2027, driven largely by AI and crypto mining facilities. (Reuters)
This matters now since big-load contracts guarantee cash flow but also push grid limits and pricing. For Constellation, the key variable is how fast demand converts into contracted megawatts—and what it costs to supply them.
On Monday, Constellation announced that its Calpine unit inked a 380-megawatt power agreement with Dallas-based CyrusOne for a data center adjacent to the Freestone Energy Center in Texas. CEO Joe Dominguez highlighted the deal as proof the company can “meet the growing demand from the data economy while maintaining grid reliability.” (Constellation)
Constellation revealed a long-term deal to be the preferred energy provider for the Tennessee Titans’ new Nissan Stadium. The company will run an on-site energy plant handling heating and cooling under a 20-year service contract that kicks in when the stadium opens in 2027. Jim McHugh, Constellation’s chief commercial officer, described it as “a prime example of that commitment in action.” (Constellation)
The CyrusOne deal builds on previous 400-megawatt contracts for the Thad Hill Energy Center, bringing CyrusOne’s total contracted power in Texas data centers to over 1,100 MW, Constellation announced. This follows Constellation’s recent $16.4 billion acquisition of Calpine, boosting its presence in natural gas and geothermal power. (Reuters)
The surge isn’t just at Constellation. On Tuesday, Duke Energy bumped up its five-year capital spending plan to $103 billion. The company also revealed it has locked in 1.5 gigawatts of data-center deals since its last quarterly update, highlighting how fast major clients are driving changes in utility investment strategies. (Reuters)
Constellation jumped 4.1% Monday, closing at $272.15 and outperforming the wider market, with trading volume exceeding its recent average, according to MarketWatch. The stock remains far below its 52-week peak following a period of volatility. (MarketWatch)
A megawatt measures power capacity, but investors will dig deeper into price, contract length, and how much new construction—if any—supports the headline figures. The quicker data centers launch, the tighter the window becomes for permitting delays and grid constraints.
Politics is seeping into the AI scene. The Trump administration wants tech companies to agree voluntarily to an AI data-center compact designed to keep household power bills in check and ease pressure on water supplies and electric grids. This could slow down how new projects secure financing and approvals. (Reuters)
On deck: the U.S. employment report drops Wednesday, with January’s consumer price index following Friday at 8:30 a.m. ET. These releases can shift rate expectations sharply, stirring up the ongoing debate over valuations in data-center power stocks. (Bureau of Labor Statistics)
