New Risk • Aug 07
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results. Ankündigung • Aug 06
Constellation Energy Corporation Announces Board and Board Committee Changes Constellation Energy Corporation announced that Robert J. Lawless, Chair of the Board of Directors, retired from the Board, effective August 4, 2026. Lawless served on the board of legacy Constellation Energy Group from 2002 until its merger with Exelon in 2012, on the Exelon Board from 2012 to 2022, and as chairman of Constellation following its separation from Exelon in 2022. Mr. Lawless brought decades of executive leadership, strategic planning and corporate governance experience to the Board. As the former chairman, president and chief executive officer of McCormick & Company, he provided valuable insight on issues affecting public companies and helped strengthen Constellation's focus on long-term shareholder value and disciplined leadership. In connection with the retirement of Mr. Lawless as Chair of the Board, the Board elected Joseph Dominguez, the Company's President and Chief Executive Officer, to serve as Chair of the Board, effective August 4, 2026. As a result of Mr. Dominguez being named Chair of the Board, Charles Harrington, Chair of the Corporate Governance Committee of the Board, will also serve as Lead Independent Director of the Board. On August 4, 2026, the Board elected Roger Crandall, Chairman, President and Chief Executive Officer of MassMutual, to the Board as an independent director, effective August 5, 2026, to serve until the Company's 2027 annual meeting of shareholders. The Board has not yet determined the committee(s) on which Mr. Crandall will be appointed to serve. Crandall brings nearly four decades of leadership experience in financial services and has served as chief executive officer of MassMutual since 2010. MassMutual, a Fortune 100 company, is one of America's largest mutual life insurance companies, serving more than four million customers with over $1 trillion in life insurance in force. Under Crandall's leadership, the 175-year-old company has delivered strong long-term performance and exceptional value to its policyowners. He recently completed service as Chair of the Federal Reserve Bank of Boston and currently serves on several business, educational and nonprofit boards. Crandall earned an MBA from the Wharton School of the University of Pennsylvania and a bachelor's degree in economics from the University of Vermont. Live-News • Aug 06
Constellation Energy Finalizes Key Asset Sale and Secures New Clean Power Agreements Constellation Energy reported its second quarter 2026 results, highlighting progress on restarting the Crane Clean Energy Center, signing 920 MW of long-term clean power purchase agreements, divesting the Brazos Valley Energy Center under prior regulatory commitments, and filing license renewal applications for two New York nuclear units that could extend operations to 2049.
These updates affect how Constellation Energy’s generation mix and regulatory obligations are shaping up, with the Brazos Valley sale marking completion of all asset sales required from the Calpine acquisition and the New York nuclear filings tied directly to the potential duration of those units’ contributions.
Constellation Energy shares trade at US$265.12, with the stock down 27.6% year to date.
Taken together, the long-term PPAs, nuclear license filings and final regulatory asset sale provide a clearer picture of Constellation Energy’s contracted revenue base relative to its exposure to future regulatory and operational decisions. Live-News • Jul 17
Constellation Energy Invests in Blue Energy to Advance Modular Nuclear Plant Rollout Constellation Energy, through its venture arm Constellation Technology Ventures, has taken a strategic equity stake in Blue Energy, a developer of prefabricated, financeable nuclear power plants that use shipyard manufacturing and project financing to deploy proven reactor technology.
The partnership is aimed at accelerating commercialization of modular nuclear projects and supports Constellation Energy’s focus on clean power, building on its role as the largest clean energy producer and operator of the biggest nuclear fleet in the U.S.
Constellation Energy shares trade at US$251.77, with the stock down 31.3% year to date.
The Blue Energy investment ties Constellation Energy’s existing nuclear operating expertise to a modular build-and-finance model, which could influence its future project pipeline and capital needs, while adding execution and regulatory risk around an emerging deployment approach. Live-News • Jul 06
Constellation Energy Files to Extend Operations of Key New York Nuclear Reactors to 2049 Constellation Energy has applied to the Nuclear Regulatory Commission to renew licenses for its Nine Mile Point Unit 1 and Ginna Clean Energy Center reactors in upstate New York, seeking to keep them operating through 2049.
The company highlighted that these nuclear plants supply zero-emission power, support thousands of jobs and generate significant local tax revenue, while aligning with New York’s Zero Emissions Credit program and the state’s clean energy goals.
Constellation Energy shares last traded at US$239.25, with the stock down 34.7% year to date, while Citi kept a Neutral rating but reduced its price target from US$348 to US$297, signaling a cautious stance despite the license renewal push.
Extending nuclear operations in New York could help Constellation Energy maintain long-term cash flow from regulated-like contracts tied to clean energy policies, but the price target cut highlights market concern about how that long-duration profile aligns with current pricing and risk assumptions. Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. Independent Director Drake Paterson was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Live-News • Jun 30
Constellation Energy Secures Major 15-Year Nuclear Energy Deal With Walmart Walmart has signed its first nuclear power purchase agreement with Constellation Energy, securing about 176 megawatts of emissions-free electricity from the Dresden Clean Energy Center in Illinois across two staggered 15-year terms starting in 2029 and 2030.
The agreement is one of the largest nuclear power deals by a non-tech corporate buyer in the U.S. retail sector and is intended to support upgrades and expanded capacity at Dresden while supplying Walmart’s new perishable distribution center in Belvidere, Illinois.
Constellation Energy shares trade at US$259.32, with the stock down 29.2% year to date.
This Walmart contract highlights growing corporate interest in nuclear power and gives Constellation Energy a long-duration, contracted revenue stream tied to planned facility investments, while concentrating more of its profile on large, creditworthy counterparties. Ankündigung • Jun 27
Constellation Energy Corporation Files License Renewal Applications With Nuclear Regulatory Commission Constellation Energy Corporation has filed license renewal applications with the Nuclear Regulatory Commission to extend the operations of Ginna Clean Energy Center and Nine Mile Point Unit 1 reactors in upstate New York to 2049. Constellation’s decision to invest in these plants to extend their safe and reliable operations into mid-century demonstrates that New York State’s renewal of its Zero Emissions Credit program is working as intended. Renewal of the Zero Emissions Credit program is projected to deliver $50 billion in ratepayer savings by 2050, contribute $38 billion to New York’s economy, secure 14,000 good-paying, local jobs for decades to come, and preserve $10 billion in tax revenue for the state. Constellation’s license renewal applications of two of its nuclear reactors in upstate New York have initiated a comprehensive review by the Nuclear Regulatory Commission of the reactors’ maintenance plans, plant equipment and safety systems. Constellation filed license renewal requests with the Nuclear Regulatory Commission on June 17 for Ginna and on March 25 for Nine Mile Point Unit 1. If approved, the units’ operating licenses would be extended 20 years, to 2049. Nine Mile Point Unit 2 is currently licensed to operate until 2046. Ankündigung • Jun 25
Constellation Energy Corporation to Report Q2, 2026 Results on Aug 06, 2026 Constellation Energy Corporation announced that they will report Q2, 2026 results on Aug 06, 2026 Live-News • Jun 23
Constellation Energy Raises $3.09 Billion to Back Nuclear Projects and AI Power Deals Constellation Energy completed a $3.09b follow-on equity offering to fund nuclear growth projects, including the planned restart of the Crane Clean Energy Center and progress on regulatory approvals tied to the Three Mile Island Unit 1 restart.
The company has signed long-term, premium-priced power purchase agreements with Microsoft, Meta and other large tech customers to supply carbon-free electricity for AI and data center demand, supported by its 92.3% nuclear fleet capacity factor.
Constellation Energy shares trade at $275.53, with the stock down 24.8% year to date, despite increased attention to its role in supplying power for AI infrastructure.
Taken together, these moves give Constellation Energy more committed capital and contracted demand, but investors still need to weigh execution risks around nuclear restarts, grid interconnection and the long timeframes typical of large power projects. Live-News • Jun 15
Constellation Energy Targets AI Power Demand With Clean Energy Expansions and Nuclear Restart Progress Constellation Energy secured long-term, premium-priced power purchase agreements with major tech customers such as Microsoft and Meta, tying its clean energy output directly to AI-driven data center demand.
The company received a key FERC waiver that could bring the Crane Clean Energy Center (formerly Three Mile Island Unit 1) back online by 2027, ahead of an earlier 2031 timeline, while NRC environmental reviews continue.
Constellation closed a US$16.4b acquisition of Calpine, completed a US$90m refueling outage at the Limerick Clean Energy Center, and added 25 megawatts at The Geysers geothermal complex, expanding its generation footprint and project pipeline.
Taken together, these moves position Constellation as a central supplier of carbon-free and low-carbon power to large tech customers that are looking for reliable capacity to support AI and data center growth.
Investors may want to monitor how the company manages post-acquisition leverage, regulatory milestones for nuclear restarts, and capacity-market rules, as these factors could affect earnings risk and balance-sheet flexibility over the next few years. Live-News • Jun 08
Constellation Energy Expands With Calpine Deal and AI Data Center Contracts as Vistra Eyes Growth Constellation Energy agreed to acquire Calpine for US$16.4b, expanding its generation fleet to nearly 60 gigawatts and its customer base to about 2.5 million, including a larger mix of natural gas and clean power assets.
The company obtained a federal regulatory waiver to speed up the restart of the Three Mile Island nuclear plant, reinforcing its focus on carbon-free, reliable power for large tech and data center clients.
Management has tripled the quarterly dividend since 2022 and is targeting 10% annual dividend growth, supported in part by long-term contracts with hyperscalers such as Microsoft and Meta and by expectations around rising electricity demand during the U.S. driving season.
Taken together, the Calpine acquisition, nuclear restart efforts and long-term data center contracts point to a business model that is leaning heavily into large-scale, contracted electricity demand tied to AI and transportation trends.
The key trade-off for investors is weighing that growth and income profile against concerns about higher leverage and balance-sheet risk that followed the Calpine deal, as well as competition from companies like Vistra that are building out gas-fired capacity on a different capital return model. Ankündigung • Jun 03
Constellation Energy Corporation has completed a Follow-on Equity Offering in the amount of $3.091 billion. Constellation Energy Corporation has completed a Follow-on Equity Offering in the amount of $3.091 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 11,000,000
Price\Range: $281
Discount Per Security: $2 Ankündigung • Jun 02
Constellation Energy Corporation has filed a Follow-on Equity Offering. Constellation Energy Corporation has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 9,000,000 Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$302, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 19x in the Electric Utilities industry in the US. Total returns to shareholders of 268% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$481 per share. Major Estimate Revision • May 22
Consensus revenue estimates increase by 13% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$30.4b to US$34.4b. EPS estimate unchanged from US$11.74 at last update. Electric Utilities industry in the US expected to see average net income growth of 11% next year. Consensus price target broadly unchanged at US$366. Share price rose 10% to US$294 over the past week. Reported Earnings • May 12
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$4.49 (up from US$0.38 in 1Q 2025). Revenue: US$11.1b (up 64% from 1Q 2025). Net income: US$1.59b (up US$1.47b from 1Q 2025). Profit margin: 14% (up from 1.7% in 1Q 2025). Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) also surpassed analyst estimates by 73%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • May 01
Fourth quarter dividend of US$0.43 announced Shareholders will receive a dividend of US$0.43. Ex-date: 15th May 2026 Payment date: 5th June 2026 Dividend yield will be 0.5%, which is lower than the industry average of 3.6%. Payout Ratios Payout ratio: 21%. Cash payout ratio: 49%. Ankündigung • Apr 30
Constellation Energy Corporation Declares Dividend, Payable on June 5, 2026 Constellation Energy Corporation declared a quarterly dividend of $0.4265 per share on Constellation’s common stock. The dividend is payable on June 5, 2026, to shareholders of record as of 5 p.m. Eastern time on May 15, 2026. Ankündigung • Apr 11
Constellation Energy Corporation to Report Q1, 2026 Results on May 11, 2026 Constellation Energy Corporation announced that they will report Q1, 2026 results on May 11, 2026 Buy Or Sell Opportunity • Mar 20
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to US$282. The fair value is estimated to be US$394, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Ankündigung • Mar 20
Constellation Energy Corporation, Annual General Meeting, Apr 28, 2026 Constellation Energy Corporation, Annual General Meeting, Apr 28, 2026. Major Estimate Revision • Mar 19
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$36.4b to US$32.6b. EPS estimate fell from US$10.89 to US$10.68 per share. Net income forecast to grow 65% next year vs 15% growth forecast for Electric Utilities industry in the US. Consensus price target of US$394 unchanged from last update. Share price rose 4.9% to US$316 over the past week. Recent Insider Transactions Derivative • Mar 03
Insider exercised options and sold US$8.5m worth of stock On the 1st of March, Michael Koehler exercised 30k options at a strike price of around US$272 and sold these shares for an average price of US$287 per share. This trade did not impact their existing holding. Michael currently holds less than 1% of total shares outstanding. Company insiders have collectively sold US$106m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Mar 03
Consensus revenue estimates increase by 42% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$25.9b to US$36.6b. EPS estimate unchanged at US$10.89. Net income forecast to grow 61% next year vs 18% growth forecast for Electric Utilities industry in the US. Consensus price target broadly unchanged at US$394. Share price rose 11% to US$327 over the past week. Declared Dividend • Feb 26
Fourth quarter dividend increased to US$0.43 Dividend of US$0.43 is 10.0% higher than last year. Ex-date: 9th March 2026 Payment date: 20th March 2026 Dividend yield will be 0.5%, which is lower than the industry average of 3.6%. Payout Ratios Payout ratio: 21%. Cash payout ratio: 48%. New Risk • Feb 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 126% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.1% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding). Ankündigung • Feb 25
Constellation Energy Corporation Declares Quarterly Dividend, Payable on March 20, 2026 Constellation Energy Corporation declared a quarterly dividend of $0.4265 per share on common stock, payable on March 20, 2026, to shareholders of record as of 5 p.m. Eastern time on March 9, 2026. New Risk • Feb 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.1% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (9.1% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding). Reported Earnings • Feb 24
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: US$7.41 (down from US$11.90 in FY 2024). Revenue: US$25.5b (up 8.3% from FY 2024). Net income: US$2.32b (down 38% from FY 2024). Profit margin: 9.1% (down from 16% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Feb 18
Constellation Energy Corporation to Report Q4, 2025 Results on Feb 24, 2026 Constellation Energy Corporation announced that they will report Q4, 2025 results at 12:30 PM, US Eastern Standard Time on Feb 24, 2026 Recent Insider Transactions Derivative • Feb 12
President exercised options and sold US$48m worth of stock On the 9th of February, Joseph Dominguez exercised options to acquire 176k shares at no cost and sold these for an average price of US$272 per share. This trade did not impact their existing holding. For the year to December 2022, Joseph's total compensation was 8% salary and 92% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Joseph has owned 149.83k shares directly. Company insiders have collectively sold US$99m more than they bought, via options and on-market transactions in the last 12 months. Ankündigung • Feb 11
Constellation Energy Corporation Announces Appointment of Alan Armstrong to Board Committees, Effective February 10, 2026 Constellation Energy Corporation reported the election of Alan Armstrong to the Board of Directors, effective January 1, 2026. On February 10, 2026, Alan Armstrong was appointed to serve on the Compensation Committee and the Nuclear Oversight Committee. Buy Or Sell Opportunity • Feb 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to US$250. The fair value is estimated to be US$317, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$287, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 19x in the Electric Utilities industry in the US. Total returns to shareholders of 243% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$297 per share. New Risk • Jan 20
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 5.5% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.5% operating cash flow to total debt). High level of non-cash earnings (27% accrual ratio). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). New Risk • Jan 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (16% increase in shares outstanding). Ankündigung • Jan 07
U.S. Nuclear Regulatory Commission Greenlights Constellation’S $167 Million Digital Modernization Plan for Limerick Clean Energy Center; State-Of-The-Art Technology Upgrades Will Enhance Reliability, Diagnostic Capability and Cyber Resilience Constellation announced the U.S. Nuclear Regulatory Commission (NRC) has approved a License Amendment Request for the Limerick Clean Energy Center’s Digital Modernization Project, a first-of-its-kind upgrade across major control and protection systems that will enhance reliability, diagnostic capability and cyber resilience at one of the nation’s top-rated nuclear facilities. This approval comes at a critical time as Constellation works to preserve and expand nuclear generation in Pennsylvania.
The Digital Modernization Project replaces select analog instrumentation and control equipment with state-of-the-art digital platforms designed to improve equipment monitoring, provide a broader range of automation and support additional operational flexibility with enhanced reliability. These upgrades will help Limerick deliver around-the-clock, carbon-free electricity to power homes, businesses and new data-driven industries that are creating jobs in the region. This is the first large-scale demonstration of a digital safety system upgrade at an operating U.S. nuclear plant, supported by the U.S. Department of Energy’s (DOE’s) Light Water Reactor Sustainability Program. The Digital Modernization Project installation will be done in phases and carefully managed to ensure safety and operational continuity. Physical installation of the digital control rooms is planned to occur during upcoming refueling outages. During these scheduled outages, Limerick will welcome thousands of additional skilled craft workers to support the work, providing a boost to the local economy through a surge in spending on lodging, dining and services. Located along the Schuylkill River in Montgomery County, Pennsylvania (about 35 miles northwest of Philadelphia), Limerick’s two nuclear units provide up to 2,317 megawatts of reliable, carbon-free electricity, enough to power more than 1.7 million homes. The station supports local jobs and economic activity, while contributing to regional clean-energy goals. Ankündigung • Dec 17
the Nuclear Regulatory Commission Approves 20-Year Initial License Renewal for Constellation's Clinton Clean Energy Center The Nuclear Regulatory Commission (NRC) has approved a 20-year initial license renewal for Constellation's Clinton Clean Energy Center and a 20-year subsequent license renewal for its Dresden Clean Energy Center, following a rigorous review of maintenance activities, plant equipment and safety systems at the two Illinois facilities. The approvals allow Clinton to operate through 2047 and the Dresden reactors to operate through 2049 and 2051. Constellation, the nation's largest operator of clean, reliable nuclear power, is investing more than $370 million to relicense the plants, installing upgrades to increase efficiency and ensure safety and reliability for decades to come. At Clinton, two new auxiliary transformers and two advanced equipment chillers are delivering higher system reliability, while upgrades to the plant's condensate polisher system offer greater protection from component degradation. At Dresden, operators are now using next-generation feedwater level control technology to enhance reactor safety, while a new main power transformer purchased for the plant will deliver electrical system monitoring and control. With these and other upgrades in place, Clinton and Dresden continue to operate at higher levels of safety, reliability and efficiency than the day they came online. While these license renewals give Constellation the regulatory approval needed to operate Clinton and Dresden for another two decades, actual operation is contingent on each plant's financial viability. At Clinton, the facility's carbon-free energy is secure as a result of the 20-year agreement with Meta announced in August. The deal supports the continued operation, expansion and relicensing of the 1,121-megawatt Clinton facility following the expiration of the state's Zero Emission Credit (ZEC) program in May 2027. Ankündigung • Nov 12
Constellation Energy Corporation Announces Peter Oppenheimer Intends to Retire from its Board, Effective December 31, 2025 On November 9, 2025, Peter Oppenheimer notified the Board of Directors of Constellation Energy Corporation of his intent to retire from the Board. His retirement is effective December 31, 2025. New Risk • Nov 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 59% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 09
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: US$2.97 (down from US$3.83 in 3Q 2024). Revenue: US$6.57b (flat on 3Q 2024). Net income: US$930.0m (down 23% from 3Q 2024). Profit margin: 14% (down from 18% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.7%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Declared Dividend • Nov 02
Second quarter dividend of US$0.39 announced Shareholders will receive a dividend of US$0.39. Ex-date: 17th November 2025 Payment date: 5th December 2025 Dividend yield will be 0.4%, which is lower than the industry average of 3.6%. Ankündigung • Oct 30
Constellation Energy Corporation Declares Dividend, Payable on December 5, 2025 The Board of Directors of Constellation Energy Corporation declared a quarterly dividend of $0.3878 per share on Constellation’s common stock. The dividend is payable on December 5, 2025, to shareholders of record as on November 17, 2025. Price Target Changed • Oct 18
Price target increased by 7.3% to US$381 Up from US$355, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of US$387. Stock is up 43% over the past year. The company is forecast to post earnings per share of US$8.37 for next year compared to US$11.90 last year. Buy Or Sell Opportunity • Oct 09
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to US$383. The fair value is estimated to be US$314, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 75%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Ankündigung • Sep 30
Constellation Appoints Alan Armstrong to Board of Directors, Effective Jan. 1, 2026 Constellation has announced the election of Alan S. Armstrong to its board of directors, effective Jan. 1, 2026. Armstrong is currently executive chairman of the board of directors for Williams, a major U.S. energy infrastructure company that primarily focuses on natural gas gathering, processing and transmission. Armstrong served as the company’s president and CEO for 14 years prior to being named its board chair earlier this year. Prior to being named Williams CEO in 2011, Armstrong led the company’s North American midstream and olefins businesses through a period of growth and expansion as Senior Vice President – Midstream. Previously, he served in a number of operational and commercial roles in various business units at Williams. He joined the company in 1986 as an engineer. A respected industry leader, Armstrong currently serves as chair of the National Petroleum Council and is a founding member of Natural Allies for a Clean Energy Future. He also serves as board member for BOK Financial Corp. Armstrong earned his bachelor’s degree in civil engineering from the University of Oklahoma where he currently serves as chair of The University of Oklahoma Foundation. Ankündigung • Sep 04
Constellation Energy Corporation Announces Chief Nuclear Officer Changes Constellation Energy Corporation announced the appointment of Chris Mudrick as the company’s new chief nuclear officer, effective September 29, 2025. Mudrick succeeds Dave Rhoades, who is retiring at the end of the year after serving in the role since 2021. Chris Mudrick has served as senior vice president of generation growth since returning to Constellation last year after serving the previous four years as chief nuclear officer at Bruce Power in Canada. Since rejoining Constellation, he has overseen the Crane Clean Energy Center restart and supported numerous growth and data economy initiatives. Mudrick spent more than 30 years in leadership positions at Constellation prior to joining Bruce Power. Declared Dividend • Aug 08
Second quarter dividend of US$0.39 announced Shareholders will receive a dividend of US$0.39. Ex-date: 18th August 2025 Payment date: 5th September 2025 Dividend yield will be 0.5%, which is lower than the industry average of 3.6%. Ankündigung • Aug 06
Constellation Energy Corporation Declares Quarterly Dividend, Payable on September 5, 2025 The Board of Directors of Constellation Energy Corporation declared a quarterly dividend of $0.3878 per share on Constellation’s common stock. The dividend is payable on Sept. 5, 2025, to shareholders of record as of 5 p.m. Eastern time on Aug. 18, 2025. Ankündigung • Jun 18
Constellation Energy Corporation Receives Regulatory Approval from the New York State Public Service Commission Constellation announced it has received regulatory approval from the New York State Public Service Commission (PSC) for its previously announced acquisition of Calpine Corporation. The approval represents the most recent key step forward in Constellation’s plans to combine the nation’s largest zero-emissions nuclear fleet with Calpine’s premier portfolio of low-emission natural gas and geothermal assets. The deal will establish a coast-to-coast platform capable of supporting growing demand for around-the-clock, sustainable power. Earlier this month, the deal cleared regulatory review with Texas’ Public Utilities Commission. The transaction — expected to close in the fourth quarter of 2025 — now awaits approval from the Federal Energy Regulatory Commission and the Department of Justice, along with other customary closing conditions. Reported Earnings • May 07
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: US$0.38 (down from US$2.79 in 1Q 2024). Revenue: US$6.79b (up 10% from 1Q 2024). Net income: US$118.0m (down 87% from 1Q 2024). Profit margin: 1.7% (down from 14% in 1Q 2024). Revenue exceeded analyst estimates by 25%. Earnings per share (EPS) missed analyst estimates by 82%. Revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in the US are expected to grow by 4.9%. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 69% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 02
Fourth quarter dividend of US$0.39 announced Shareholders will receive a dividend of US$0.39. Ex-date: 16th May 2025 Payment date: 6th June 2025 Dividend yield will be 0.6%, which is lower than the industry average of 3.6%. Ankündigung • Apr 30
Constellation Energy Corporation Declares Quarterly Dividend, Payable on June 6, 2025 The Board of Directors of Constellation Energy Corporation declared a quarterly dividend of $0.3878 per share on Constellation’s common stock. The dividend is payable on June 6, 2025, to shareholders of record as of May 16, 2025. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$223, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Electric Utilities industry in the US. Total returns to shareholders of 293% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$288 per share. Price Target Changed • Apr 15
Price target decreased by 7.1% to US$297 Down from US$320, the current price target is an average from 14 analysts. New target price is 43% above last closing price of US$208. Stock is up 12% over the past year. The company is forecast to post earnings per share of US$9.44 for next year compared to US$11.90 last year. 
