1. Constellation Energy leverages its zero-emission nuclear power plants and long-term power purchase agreements (PPAs) to capitalize on AI-driven data center growth; 2. The acquisition of Calpine will solidify its position as the largest U.S. independent power producer, enhancing portfolio diversification and financial metrics; 3. Its premium valuation reflects stable revenue from nuclear production tax credits (PTCs) and exclusive, decades-long contracts with tech giants like Microsoft and Meta.