Analyst chatter following last week's news that S&P 500 component Constellation Energy and Microsoft had inked a two-decade long contract to provide nuclear power for the tech giant's data centers has fueled a utility stock rally this week. Along with Constellation Energy, fellow S&P 500 nuclear power utilities play Vistra has jumped around 7% this week. Meanwhile, S&P 500 stock NRG Energy gained ground during Friday's market action, adding to a Thursday advance after it raised 2024 guidance with management claiming the company can "drive growth and capitalize on the emerging opportunities in our markets."
NRG raises its financial guidance for 2024 on the back of robust financial and operational execution.
NRG Energy (NRG) concluded the recent trading session at $89.24, signifying a +1.5% move from its prior day's close.