Constellation Energy Falls on Holders’ Plan to Sell Shares (2)

Shareholders of Constellation Energy Corp., the largest nuclear developer in the US, are offering 11 million shares for sale.

The selling shareholders of the Baltimore, Maryland-based nuclear firm are working with Morgan Stanley and JPMorgan Chase & Co. as underwriters, according to a statement Monday. Constellation plans to buy back two million of the shares being offered from the underwriters.

The offering comes as Constellation works to restart the Three Mile Island nuclear plant as soon as mid-2027 in an effort to capitalize on the AI data center boom. Microsoft Corp. is committed to buying all the power produced ...