Key Takeaways Constellation Energy shares jumped Thursday after the company and the U.S. General Services Administration announced a pair of contracts worth over $1 billion.Constellation will supply over a dozen government agencies with nuclear energy over the next decade as part of a 10-year,

Shares of Constellation Energy Corp. CEG rallied 4.04% to $252.40 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.26% to 5,942.

This mirrors Constellation's recent 20-year agreement with Microsoft (NASDAQ: MSFT), highlighting the rising demand for nuclear energy from government and corporate entities seeking carbon-free electricity.