Why Constellation's News Drove Fluor, Centrus, and Vistra Stocks Higher

I assume you've heard the news by now?

Nine months after announcing plans to restart Three Mile Island Unit 1 and use it to provide nuclear power to Microsoft server farms, Constellation Energy (NASDAQ: CEG) is doing it again -- announcing it's signed a similar deal with Meta Platforms (NASDAQ: META). Investors reacted immediately, bidding up Constellation shares as much as 15% pre-market open today (although the stock has given back its gains, and is now flat against yesterday's close).

In contrast, all sorts of other nuclear stocks are surging today. Constellation rival Vistra (NYSE: VST) gained 4.4% through 11:10 a.m. ET today. Nuclear plant construction firm Fluor (NYSE: FLR) stock is up 5.1%. And uranium fuel enricher Centrus Energy (NYSEMKT: LEU) is doing best of all -- up 7.1%!

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