CEG shares lead Nasdaq 100 premarket gains as AI-driven energy demand boosts quarterly profits above estimates.
Constellation Energy (CEG) climbed 7% in premarket trading after reporting Q2 earnings that exceeded profit expectations. The clean energy provider’s strong performance positioned it at the top of the Nasdaq 100, outpacing early gains by SpaceX (SPCX), ASML (ASML), and Nvidia (NVDA).
The company’s results reflect broader trends in the power sector, where AI-driven data center expansion has sharply increased energy demand. Analysts had anticipated a solid quarter, but Constellation’s outperformance underscored its role in supplying reliable power to tech infrastructure.
Premarket activity saw the Dow Jones index rise modestly, while tech-heavy Nasdaq futures faced pressure from declines in AI-related stocks like Sandisk and Western Digital.