Capacity Constraints Bite

Demand from Amazon, Meta, Microsoft, Walmart, and other large customers begins to exceed the amount of nuclear capacity that can be contracted without uprates, restarts, or new generation. Constellation benefits from scarcity pricing, but execution risk rises as buyers compete for a limited supply of firm clean power.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.