Story perspectives
Energy Stocks Soar Amid Tax Credit Changes and Power Crisis
1/9/2025
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Story summary
- New energy stocks surged as the U.S. Treasury updated hydrogen production tax credit rules, enabling nuclear and natural gas producers to qualify.
- Puerto Rico appointed Josué Colón as energy czar to address a power crisis impacting 3.2 million residents after a massive blackout.
- Constellation Energy is in talks for a $30 billion acquisition of Calpine, a leading natural gas generator, while its stock experiences fluctuations.
