Nuclear Energy Stocks Surge as Power Grid Prices Skyrocket

PJM Interconnection's auction results drive up Constellation and Vistra shares amid rising electricity demand from AI and data centers.

PJM Interconnection reported a ninefold increase in power plant prices for 2025-2026.
Constellation Energy and Vistra shares jumped over 12% and 15%, respectively.
Electricity demand is surging partly due to data centers supporting AI technologies.
Vistra's Comanche Peak Nuclear Power Plant received a license extension through 2053.
Both companies are set to report second-quarter earnings next week.