Google deal added 890 MW as Constellation Energy stock fell 2.11%

Published on 10/13/2026 at 12:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 adjusted earnings were USD 2.55 per share. Constellation Energy stock costs EUR 260.73 on October 13, 2026 versus EUR 266.35.

Google and Constellation Energy announced a 20-year agreement for 890 MW of new nuclear capacity on October 6, 2026.
The deal also covers 2,700 MW under a separate 15-year energy supply agreement and more than USD 4.3 billion of investment.
Second-quarter adjusted operating earnings were USD 2.55 per share, up USD 0.64 year over year.
Constellation Energy stock was trading at EUR 260.73 at Lang & Schwarz on October 13, 2026, 2.11 percent below the Xetra close of EUR 266.35 on October 12, 2026.

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Constellation Energy (ISIN US21037T1097) was trading at EUR 260.73 at Lang & Schwarz on October 13, 2026 at 12:06 p.m. CEST, 2.11 percent below the Xetra close of EUR 266.35 on October 12, 2026. The company had announced a 20-year Google power agreement for 890 megawatts of new nuclear capacity on October 6, 2026, according to Constellation Energy.

Three contracts shaped the story

On September 10, 2026, Constellation Energy announced an agreement to acquire the Rhode Island State Energy Center from Shell for USD 715 million, according to the company's newsroom. On September 30, 2026, it announced a 20-year Amazon agreement adding 190 megawatts at Calvert Cliffs, also according to Constellation Energy.

The current event came on October 6, 2026. Reuters reported that Google contracted for 3,590 megawatts from Constellation, including 890 megawatts of new nuclear capacity and 2,700 megawatts from the existing fleet. The arrangement also involves more than USD 4.3 billion of investment in 11 nuclear units.

What does the Google deal change?

The structure matters because only 890 megawatts requires new capacity. The separate 2,700-megawatt, 15-year supply agreement gives existing plants longer-term revenue visibility, while the first upgraded unit is expected to deliver power in 2028, according to Reuters.

The financial context is mixed. Constellation reported USD 7.50 billion of revenue and USD 1.42 of GAAP earnings per share in the second quarter of 2026, while adjusted operating earnings reached USD 2.55 per share, up USD 0.64 from the second quarter of 2025, according to Yahoo Finance. Management raised full-year 2026 adjusted operating earnings guidance to USD 11.50-12.50 per share from USD 11.00-12.00.

The guidance increase provides a quantified comparison for the longer-term contract story, but execution remains important. Planned nuclear outages reduced the second-quarter capacity factor to 93 percent, and the company generated 40 terawatt-hours of electricity during the period, according to the earnings-call transcript.

Two dates define the next steps

Simply Wall St lists November 9, 2026, for Constellation's third-quarter 2026 results. The company release identifies 2028 as the expected delivery year for the first Google-related nuclear uprate, making the contract's earnings contribution a later-stage milestone.

Stock trades below the Xetra close

Constellation Energy stock was trading at EUR 260.73 at Lang & Schwarz on October 13, 2026 at 12:06 p.m. CEST, down 2.11 percent versus the Xetra close of EUR 266.35 on October 12, 2026. The primary listing is Nasdaq, where the finance quote showed USD 293.89 and a market capitalization of USD 105.5 billion on October 12, 2026; the 52-week range was USD 228.63 to USD 412.70.

The further course of trading is shown by the continuously updated real-time quote of Constellation Energy stock.