In a regulatory filing, Constellation Energy (CEG) disclosed that it learned the results of the PJM capacity auction for the 2026-2027 planning year on July 22. “Each of the Company’s power plants located in the PJM market cleared in the auction. Capacity revenues for nuclear units are included in the gross receipts calculation for the Production Tax Credit. The auction results take effect June 1, 2026,” the company stated in the filing. In pre-market trading, Constellation shares are up $12.71, or 4%, to $330.50.
Claim 55% Off TipRanks
New trading tool for CEG bullsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CEG:
- PJM auction ‘most impactful’ for Talen Energy, says Morgan Stanley
- Constellation Energy Clears PJM Capacity Auction
- ‘Party Like It’s 1999,’ Says BTIG as PLTR, MSTR, and Others Fuel Nasdaq Rally
- CoreWeave’s (CRWV) $9B Deal Highlights the AI M&A Wave That’s Sweeping 2025
- Charged: Tesla completes first fully autonomous Model Y delivery
