Constellation Signs 920 MW New Long-Term PPAs, Crane Restart Progress

Constellation Energy Q2 2026 beat, raised guidance. Signed 920 MW of new long-term PPAs (including Walmart) with 18.5-year average duration. Crane restart clearing NRC and FERC hurdles, a major milestone for the Microsoft deal. PJM clarity emerged as a catalyst. Signals demand broadening beyond hyperscalers to retailers.