Constellation Stock Is Having a Great—and Terrible—Friday | Global News Avenue

Constellation stock is up! No, it has collapsed! Wait, who is right?

As it turns out, they all are. In an unusual symmetry, shares of two companies called Constellation were among the S&P 500’s top gainers and losers on Friday.

On the green side of the ledger is Constellation Energy (CEG), its stock price has recently risen by about 26%. That’s good for the benchmark index’s second-best performance behind Walgreens Boots Alliance (world boxing association).

The move was prompted by news that the company had agreed to acquire privately held Calpine in 2017. A deal worth more than $26 billion Said to create the largest clean energy provider in the United States.

While a rise in shares of energy company Constellation may have investors feeling optimistic, shareholders of Constellation Brands (streptozotocin), liquor companies, may feel they need a drink.

Shares in the maker of Modelo beer and High West whiskey have recently fallen about 16%, making it the worst performer on the index. downsize Sales and profit forecasts for the coming year Putting heavy pressure on the company’s stock.

The news also calmed shares of other alcohol companies, including Brown-FormanBF.B) and Molson Coors (tap) also suffered losses.