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Featured Content from MarketBeat Media
These 2 Energy Titans Just Scored Major Wins to Close Out November
Written by Leo Miller. Published 11/26/2025.

Key Points
- Two names critical to powering artificial intelligence got good news in late November.
- The U.S. government is putting its money where its mouth is when it comes to nuclear energy, supporting Constellation’s Three Mile Island plans.
- GE Vernova saw positive momentum in its worst-performing segment amid a surge in natural gas and electrification demand.
Markets reacted positively to recent news involving two key players in the energy sector. Shares of Constellation Energy (NASDAQ: CEG) and GE Vernova (NYSE: GEV) both jumped on Nov. 19, reflecting renewed investor confidence tied to sector-specific developments and the long-term growth potential of clean and nuclear energy.
Constellation Awarded $1 Billion Government Loan
Constellation Energy is the market’s best-known nuclear stock, operating the largest nuclear fleet in the United States with roughly 22 gigawatts (GW) of capacity. As demand from artificial intelligence (AI) and data centers grows, nuclear is viewed by many as a reliable, carbon-free way to meet that need—helping boost Constellation’s stock to a total return of 58% in 2025.
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Constellation has signed multiple long-term agreements with AI hyperscalers. Its 20-year deal with Microsoft (NASDAQ: MSFT) was a major win, lifting shares more than 22% on Sept. 20, 2024. As part of that plan, Constellation committed to restarting operations at its Three Mile Island Unit 1 reactor.
Restarting a nuclear plant requires significant time and capital. On Nov. 18, the Department of Energy announced it would loan the company $1 billion to support the restart. That amount covers more than 60% of the projected $1.6 billion reopening cost, according to estimates. Constellation must repay the loan, but government financing typically carries much lower rates than private debt. Specifically, Constellation will pay an interest rate of 37.5 basis points above U.S. Treasuries, according to the company’s investor filing, which is likely more favorable than alternative private financing.
The loan also signals the Trump Administration’s continued support for the nuclear industry. In a heavily regulated sector, maintaining strong government relationships is an important part of Constellation’s bullish case. Shares rose 5.3% on Nov. 19 following the announcement.
GEV Gains on International Wind Victory
GE Vernova (NYSE: GEV) has also seen strong performance in 2025, delivering a total return of more than 74% year to date. While Constellation focuses on nuclear, GE Vernova is a major supplier to the natural gas power market. The company does not operate natural gas plants itself; instead, it is the world’s largest producer of natural gas turbines, which convert gas into electricity. Demand for turbines has been robust: the company’s Power segment reported 14% revenue growth last quarter and a 50% increase in orders.
GE Vernova’s Electrification segment is also performing well, with revenues up 32% last quarter and orders rising 104%. Through three quarters, the company has already booked $900 million in electrification orders from hyperscalers—about 50% more than it secured from those customers in all of 2024.
The wind business, however, has lagged: sales declined 9% and orders rose only 6% last quarter. Investors welcomed the company’s announcement of a wind repower agreement with Taiwan Power Company. GE Vernova will supply kits to upgrade and extend the life of onshore wind turbines—its first international onshore wind repower contract. The deal offers a potential path to more such agreements and helped push shares up 7.3% on Nov. 19.
Still, this is a single contract, and GE Vernova will need to demonstrate sustained progress to convince investors its wind business is recovering. That skepticism may explain why the stock fell more than 6% on Nov. 20. The decline also came as the S&P 500 Index dropped 1.5% that day after expectations for a Federal Reserve rate cut diminished. Given GEV’s capital-intensive, long-term operations, shifts in interest-rate expectations can have an outsized impact on the stock.
CEG’s Government Relationship Bodes Well for Shares
Both developments are encouraging for Constellation and GE Vernova. Constellation’s $1 billion DOE loan is particularly notable: it both materially reduces financing costs for the Three Mile Island restart and underscores the administration’s support for the nuclear sector—factors that bolster the company’s outlook. GE Vernova’s Taiwan contract is a positive step for its wind business, but investors will be watching for sustained improvements before fully pricing in a turnaround.
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