Constellation Energy (CEG) shares soared nearly 10% Tuesday when the nuclear power utility beat operating revenue forecasts and kept its 2025 outlook steady despite weaker-than-expected profit, as it continued to benefit from 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) electricity demand.

Constellation reported first-quarter operating revenue rose more than 10% year-over-year to $6.79 billion, while analysts at Visible Alpha were looking for $5.44 billion. However, adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $2.14 came in below expectations. Still, the company affirmed its previous full-year adjusted EPS guidance of $8꧙.90 to $9.60.

CEO Joe Dominguez said Constellation "is working hard to meet the power needs of customers nationwide, including powering the new AI products that Americans increasingly are using in their daily lives and that businesses and government are using to provide better products and services." Dominguez noted that both former President Joe Biden and President Donald Trump repeatedly emphasized that "it is vital for our national security and for our economy that America lead the AI race, and I am so proud that Constellation is playing such an important role." 

The company added that its $26.6 billion purchase of natural gas and geothermal energy firm Calpine 澳洲幸运5开奖号码历史查询:announced in January is on track to be completed bꦐy the end of the year✅. 

Including today's 9% surge, shares of Constellation Energy are up more than 20% this year.