BUZZ - Reports indicate that Constellation has received a US loan offer of up to $5 billions, causing its stock price to surge

October 27 - ** Shares of U.S. power company Constellation Energy (CEG.O) rose 2.8% to $259.58

** According to Bloomberg, citing information from the U.S. Department of Energy, the Trump administration is providing up to $5 billion in financing to CEG for upgrading and modernizing the nuclear reactor units operated by the company in Illinois, Maryland, and Pennsylvania

** The report added that this move will increase power generation capacity by nearly 1.1 gigawatts, while strengthening the power grid and reducing costs

** CEG and the U.S. Department of Energy have not yet responded to requests for comment

** Including the decline in this trading day, CEG has fallen a total of 26.6% so far this year

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