Baltimore-based Constellation, the nation’s largest operator of nuclear power plants, is acquiring Calpine Corp.

Key Takeaways Constellation Energy shares surged Friday after the company agreed to buy private energy company Calpine in a deal valued at $26.6 billion. The move expands Constellation's presence in California and Texas,

Constellation is buying power natural gas and geothermal power provider Calpine in a cash-and-stock deal valued at approximately $16.4 billion, joining together two of the country’s biggest power companies.

Constellation Energy Corp. shares surged to a record high after agreeing to acquire closely held Calpine Corp. for $16.4 billion in a deal that will create the largest fleet of US power stations.Most

Separately, Calpine and Constellation are already among the largest power generation companies in the country.

Constellation Energy is nearing a roughly $30 billion deal to acquire power producer Calpine, people familiar with the matter said on Wednesday, a move that would significantly expand Constellation's generation assets at a time of rising U.

The takeover will be a big deal in the US power industry and will significantly profit Calpine's shareholder who bought the company for $5.5 billion back in 2018 and made it a private company.

Constellation Energy announces acquisition of Calpine, creating America's largest clean energy provider.

Constellation Energy struck a $26.6 billion deal to buy Calpine, uniting two of the U.S.'s largest power generators amid surging electricity demand from tech companies. Constellation shares rallied 3.

U.S. nuclear power provider Constellation Energy on Friday agreed to buy privately-held natural gas and geothermal company Calpine Corp for $16.4 billion, marking one of the biggest acquisitions in the history of the U.

Constellation Energy is one of the best S&P 500 stocks Friday after the utility said it will buy Calpine in a cash-and-stock deal valued at $26 billion.