Constellation Energy Stock Surges on Deal to Buy Calpine - Barron's

1. CEG agrees to buy Calpine for $26.6 billion, enhancing clean energy offerings. 2. Deal creates largest U.S. clean energy provider, likely boosting stock values. 3. Calpine adds 27 gigawatts generating capacity, powering 27 million homes. 4. Constellation's stock rose 93% in 2024 due to AI energy demand. 5. Expected $2 addition to earnings per share post-transaction completion.