This power company has outpaced Nvidia, could ink next nuclear deal after Three Mile Island

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Jim Burke News

Environment,NVIDIA Corp,Constellation Energy Corp

The Three Mile Island restart demonstrates the growing financial opportunity that nuclear power represents for utilities and their investors.

It is a watershed moment in the history of the U.S. nuclear industry. Constellation Energy plans to restart the Three Mile Island nuclear plant , with operations slated to resume in 2028 subject to approval by the Nuclear Regulatory Commission. Its stock has surged nearly 20% on the news. The deep pockets of Microsoft will breathe new life into the plant.

VST NVDA YTD line Vistra vs. Nvidia "Vistra's years of acquisitions, rationalizations, and lessons learned about risk have positioned the company well for the power markets of today," Jefferies analysts led by Julien Dumoulin-Smith told clients in a note earlier this month. "Vistra's timely acquisition of nuclear portfolio Energy Harbor in 2023 gives the company a coveted nuclear portfolio," the analysts said.

 

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