Back in early November, in HX Trader, we recommended taking a position in one of the market's most successful companies and stocks over the last few years.

This is a sector where we have made our readers literally millions of dollars since we launched.

Today, we are going to cash in that bet.

Here is the update…

The company is Constellation Energy Corporation (NYSE: CEG), one of the USA's leading independent power producers or "IPPs".

IPPs are companies that own power plants and provide the electricity we use every day. CEG is in an excellent strategic position as they are the country's largest operator of clean nuclear power.

The stock had sold off in early November on some “noise” around their earnings report and guidance.

We saw it as a huge opportunity. You can read our note here.

Today, the company announced they are buying a large privately held IPP called Calpine. This gives them an even bigger power production footprint nationally.

The deal is also 20% accretive to their earnings per share or "EPS." This means that the company should – in theory – be worth 20% more today. Right now, that is precisely what is happening to the stock.

We planned to buy this great company and let them execute. Now we trade that plan. Plan the trade, trade the plan!