On October 7, Constellation Energy Corp fell 3.2% in regular trading, trading at $293.22 per share, with turnover of $109 million. The decline comes amid profit-taking pressure following the prior day's sharp rally of more than 12% triggered by a landmark nuclear power purchase agreement with Google.

News background shows that Alphabet's Google and Constellation Energy Corp reached a 20-year nuclear power purchase agreement, which will add 890 megawatts of nuclear generating capacity to the PJM grid, involving an investment of $4.3 billion and creating approximately 7,200 jobs. Goldman Sachs maintained a Neutral rating on the stock with a target price of $305.

Constellation Energy Corp is the largest producer of carbon-free energy in the United States, operating nuclear, hydroelectric, wind, and solar facilities, with generating capacity sufficient to power 16 million homes and producing about 10% of the nation's carbon-free electricity.

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