Microsoft and Meta Signed Multi-Decade Nuclear Power Deals. These 3 Stocks Supply That Power

Tech giants Microsoft and Meta have secured multi-decade nuclear power purchase agreements to provide firm, carbon-free baseload energy for their expanding artificial intelligence infrastructure and data centers. Microsoft's agreement involves the Three Mile Island Crane Clean Energy Center restart, while Meta inked a 20-year power purchase agreement for the Clinton nuclear facility, both partnering with Constellation Energy. These high-profile deals underscore how hyperscalers are driving a structural repricing across the nuclear energy and power equipment supply chains. Constellation Energy reported signing approximately 920 megawatts of long-term nuclear contracts averaging 18.5 years in the second quarter alone, subsequently lifting its full-year adjusted operating EPS guidance to between $11.50 and $12.50 per share. The broader buildout is also fueling strong momentum for original equipment manufacturers and component suppliers. GE Vernova expanded its total backlog to $176 billion with raised 2026 free cash flow guidance of $11.5 billion to $12.5 billion, highlighting an accelerating multi-decade growth cycle across the power generation sector.