View Past PerformanceConstellation Energy バランスシートの健全性財務の健全性 基準チェック /36Constellation Energyの総株主資本は$33.8B 、総負債は$22.5Bで、負債比率は66.4%となります。総資産と総負債はそれぞれ$96.9Bと$63.1Bです。 Constellation Energyの EBIT は$5.0Bで、利息カバレッジ比率8.1です。現金および短期投資は$864.0Mです。主要情報66.43%負債資本比率US$22.47b負債インタレスト・カバレッジ・レシオ8.1x現金US$864.00mエクイティUS$33.82b負債合計US$63.09b総資産US$96.91b財務の健全性に関する最新情報分析記事 • Jul 14Constellation Energy (NASDAQ:CEG) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...すべての更新を表示Recent updatesライブニュース • May 18Constellation Energy Surpasses Q1 Profit Forecast With Calpine Acquisition and New Power ProjectsConstellation Energy reported Q1 2026 adjusted EPS of $2.74, which was above analyst expectations, with revenue of $11.12b that was 64% higher year over year, helped by the Calpine acquisition. The Calpine deal added gas, solar and other generation assets, and the company cited about $2 per share of annualized earnings accretion from the transaction while also executing about $5b of asset sales to meet PJM regulatory commitments. Constellation brought the 105 MW Pastoria Solar Project in California and the 460 MW Pin Oak Creek Energy Center in Texas into commercial operation, reaffirmed 2026 adjusted operating EPS guidance of $11.00 to $12.00, and repurchased about 1.2 million shares. Taken together, the Calpine integration, new generation projects and share repurchases signal management’s focus on scale, earnings accretion and capital returns while keeping within regulatory requirements. Investors may want to watch how the company balances large-scale growth projects like the Crane Clean Energy Center restart with ongoing data center demand and future free cash flow generation against any changes in regulation or power market conditions.Seeking Alpha • May 15The AI Power Bottleneck Makes Constellation Energy A Strong BuySummary I am rating Constellation Energy a Strong Buy because I believe the market is underestimating how valuable reliable power has become in the AI era. The major growth drivers include the Calpine acquisition, the META nuclear agreement, and the Crane restart project with MSFT support. Together these drivers represent nearly $2Bn of potential annual revenue. My Price target is $424 and is based on an estimated $14.20, 2028 EPS and using a 30x FWD earnings multiple. Power constraints are emerging as the key bottleneck for AI growth, and CEG is building foundational infrastructure for the AI era. Read the full article on Seeking Alpha分析記事 • May 14Constellation Energy Corporation Just Beat EPS By 73%: Here's What Analysts Think Will Happen NextConstellation Energy Corporation ( NASDAQ:CEG ) investors will be delighted, with the company turning in some strong...ナラティブの更新 • May 14CEG: PJM Reforms And 2026 Contracting Acceleration Will Support Future UpsideAnalysts have trimmed the fair value estimate for Constellation Energy to $441 from $465.80, citing more cautious assumptions on revenue growth, profit margins and a slightly higher discount rate, even though longer term P/E expectations remain broadly in line with prior views. Analyst Commentary Recent Street research on Constellation Energy has centered on recalibrated price targets, with most adjustments reflecting more conservative modeling rather than a wholesale shift in long term views.Reported Earnings • May 12First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst 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 01Fourth quarter dividend of US$0.43 announcedShareholders 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%.お知らせ • Apr 30Constellation Energy Corporation Declares Dividend, Payable on June 5, 2026Constellation 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.ナラティブの更新 • Apr 29CEG: Data Center Power Contracts Will Support Long Dated Nuclear Cash FlowsAnalysts have collectively trimmed their price targets on Constellation Energy, with the fair value estimate moving from about $399.93 to $370.58 as they factor in updated earnings outlooks, revised contracting expectations and changes to long term P/E assumptions. Analyst Commentary Recent research shows a clear reset in expectations around Constellation Energy, with most updates centered on revised earnings trajectories, contracting assumptions and recalibrated long term P/E multiples.ナラティブの更新 • Apr 15CEG: PJM Reliability Shifts And Contracting Acceleration Will Drive Future UpsideThe analyst price target for Constellation Energy has been trimmed by about $15 to reflect updated views on long term earnings visibility and valuation, as analysts weigh slightly lower fair value estimates against revised expectations for revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent research on Constellation Energy reflects a mix of trimmed and increased price targets, with many firms updating models around long term earnings visibility, contracting timelines, and regulatory developments in key power markets.お知らせ • Apr 11Constellation Energy Corporation to Report Q1, 2026 Results on May 11, 2026Constellation Energy Corporation announced that they will report Q1, 2026 results on May 11, 2026ナラティブの更新 • Apr 01CEG: PJM Contracting Acceleration Through 2026 Will Drive Bullish OutlookAnalysts now set a revised fair value estimate of $330.00 for Constellation Energy, up from $296.83. This reflects updated views on longer term earnings power, slightly higher assumed profit margins, and a richer future P/E multiple, despite more cautious revenue growth assumptions and a recent mix of target cuts and reaffirmed optimism across Street research.Buy Or Sell Opportunity • Mar 20Now 28% undervalued after recent price dropOver 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.お知らせ • Mar 20Constellation Energy Corporation, Annual General Meeting, Apr 28, 2026Constellation Energy Corporation, Annual General Meeting, Apr 28, 2026.ナラティブの更新 • Mar 20Constellation Energy Corp. (CEG): The Nuclear AI Titan – Electrifying the Intelligence AgeVestra has increased revenue growth from 13.6% to 24.8%.Major Estimate Revision • Mar 19Consensus 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.ナラティブの更新 • Mar 18CEG: Nuclear Modernization And PJM Contracting Into 2026 Will Shape Balanced OutlookNarrative Update on Constellation Energy The updated analyst price target framework for Constellation Energy reflects a fair value adjustment of about $12, along with revised assumptions for slower revenue growth, slightly higher profit margins, and a higher future P/E multiple. These changes come as analysts respond to mixed target moves and evolving demand expectations linked to PJM market developments and contracting activity into 2026.ナラティブの更新 • Mar 04CEG: PJM Backstop And Contracting Momentum Will Drive Future UpsideAnalysts have adjusted their price targets on Constellation Energy within a wide range, from $330 to $454. This reflects differing views on contracting momentum through 2026 and evolving PJM market developments.Recent Insider Transactions Derivative • Mar 03Insider exercised options and sold US$8.5m worth of stockOn 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 03Consensus 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 26Fourth quarter dividend increased to US$0.43Dividend 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 25New minor risk - Earnings qualityThe 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).お知らせ • Feb 25Constellation Energy Corporation Declares Quarterly Dividend, Payable on March 20, 2026Constellation 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 24New minor risk - Profit margin trendThe 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 24Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull 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.お知らせ • Feb 18Constellation Energy Corporation to Report Q4, 2025 Results on Feb 24, 2026Constellation Energy Corporation announced that they will report Q4, 2025 results at 12:30 PM, US Eastern Standard Time on Feb 24, 2026ナラティブの更新 • Feb 18CEG: Nuclear Fleet And Calpine Data Center Deals Will Define Balanced OutlookNarrative Update Overview The analyst price target for Constellation Energy has shifted by $32.98, as analysts balance Wells Fargo's $18 target cut with TD Cowen's new $440 target. The new target highlights both elevated regulatory risk and potential upside from the Calpine integration and gas PPA deals tied to the nuclear fleet.Recent Insider Transactions Derivative • Feb 12President exercised options and sold US$48m worth of stockOn 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.お知らせ • Feb 11Constellation Energy Corporation Announces Appointment of Alan Armstrong to Board Committees, Effective February 10, 2026Constellation 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.分析記事 • Feb 05Why We're Not Concerned Yet About Constellation Energy Corporation's (NASDAQ:CEG) 29% Share Price PlungeConstellation Energy Corporation ( NASDAQ:CEG ) shareholders that were waiting for something to happen have been dealt...Buy Or Sell Opportunity • Feb 04Now 21% undervalued after recent price dropOver 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.ナラティブの更新 • Feb 03CEG: Nuclear License Extensions And Gas PPAs Will Support Future UpsideAnalysts have adjusted their price target for Constellation Energy by about US$1.50, citing updated views on the Calpine integration, potential upside from gas PPA contracts and ongoing interest in the company’s nuclear portfolio. Analyst Commentary Recent research on Constellation Energy has centered on how the company’s mix of nuclear assets, gas PPA contracts and the Calpine integration could influence valuation over the next few years.Valuation Update With 7 Day Price Move • Jan 22Investor 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 20New major risk - Financial positionThe 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).ナラティブの更新 • Jan 20CEG: Nuclear License Extensions And Calpine Integration Will Drive Future UpsideAnalysts have made a modest upward revision to their Constellation Energy price target, lifting it by about US$4 to reflect slightly higher assumptions for fair value, revenue growth, profit margins and future P/E. This revision is supported by recent research that highlights the Calpine integration and gas PPA deals as potential upside drivers, alongside positive momentum in nuclear.New Risk • Jan 09New minor risk - Shareholder dilutionThe 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).お知らせ • Jan 07U.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 ResilienceConstellation 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.ナラティブの更新 • Jan 06CEG: Nuclear And Data Center Demand Will Drive Future Commercial MomentumAnalysts have raised their price expectations for Constellation Energy, with an updated implied fair value of about $476 compared with the prior $393, citing higher projected revenue growth, a modestly higher future P/E multiple, and supportive Street research that highlights commercial momentum in nuclear and data center linked demand. Analyst Commentary Recent Street research shows a cluster of price target increases and at least one rating upgrade on Constellation Energy, with several reports pointing to commercial momentum in nuclear generation, growing data center related demand, and supportive market conditions for power producers.ナラティブの更新 • Dec 22CEG Will Balance Nuclear Momentum And Data Center Power Demand OpportunitiesConstellation Energy's analyst fair value estimate has been raised sharply from $238.32 to $342.23 as analysts cite strengthening nuclear momentum, improving revenue growth and profit margins, and the company’s positioning to benefit from rising power demand and data center related deals. Analyst Commentary Recent Street research on Constellation Energy shows a notable series of upward price target revisions alongside a shift in stance from some previously neutral voices.お知らせ • Dec 17the Nuclear Regulatory Commission Approves 20-Year Initial License Renewal for Constellation's Clinton Clean Energy CenterThe 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.ナラティブの更新 • Dec 08CEG: Data Center Power Deals Will Drive Nuclear Cash Flows HigherAnalysts have raised their average price target on Constellation Energy by roughly $30 to $400, citing accelerating commercial momentum, growing nuclear and thermal cash flows, and the scarcity value of its generation assets in an environment of robust electricity demand and expanding data center power needs. Analyst Commentary Recent research updates reflect a broadly constructive stance toward Constellation Energy, with several firms lifting price targets in response to strengthening fundamentals and a more supportive power market backdrop.ナラティブの更新 • Nov 24CEG: Data Economy Power Deals And Calpine Merger Will Drive Share GainsConstellation Energy's analyst price target has increased by more than $50, as analysts cite continued commercial momentum, strengthening cash flows, and the company's strong positioning amid growing demand in the power sector. Analyst Commentary Recent updates from Street research firms reflect a continued focus on Constellation Energy's performance and prospects, as analysts adjust both price targets and ratings based on updated fundamentals.お知らせ • Nov 21+ 1 more updateConstellation Energy Corporation Announces Executive Changes Ahead of Calpine Deal ClosingConstellation Energy Corporation announced on November 21, 2025, a series of senior leadership appointments as the company prepares to complete its transaction with Calpine. The leadership changes take effect upon completion of Constellation’s deal with Calpine, which is expected to close in the fourth quarter of 2025, subject to clearance by the Department of Justice and other customary closing conditions. Kathleen Barrón, Executive Vice President and Chief Strategy and Growth Officer, has announced she will retire after 30 years in the energy industry. Following ten years in private legal practice and five years in the federal government, Barrón joined Constellation’s predecessor company in 2010 and held numerous senior leadership roles over the past 15 years, including leading the government and regulatory affairs and public policy function, where she was responsible for many favorable outcomes in federal and state energy and environmental policy matters as well as wholesale market design advocacy. Because of her unique role, Barrón’s responsibilities will be dividend among other senior leaders upon closing of the Calpine transaction. She has agreed to remain on the Constellation senior leadership team as an advisor to the CEO through the first half of 2026 to ensure a seamless transition. Dan Eggers, Executive Vice President and Chief Financial Officer, has been promoted to Senior Executive Vice President, Finance and Data Economy, reporting to Joe Dominguez, President and CEO. In his new role, Eggers will expand his Finance responsibilities to lead Constellation’s Data Economy business. Shane Smith, Senior Vice President, Treasury and Credit, has been promoted to Executive Vice President and Chief Financial Officer, reporting to Eggers. David Dardis, Executive Vice President and Chief Legal and Policy Officer, also was promoted to Senior Executive Vice President, Chief External Affairs and Growth Officer, reporting to Dominguez. In his new role, Dardis will lead the company’s new generation development business and grow his remit to include Legal, Policy, Sustainability, Strategy, Corporate Affairs and Public Advocacy. Bryan Hanson, Executive Vice President and Chief Generation Officer, and Jim McHugh, Executive Vice President and Chief Commercial Officer, also were promoted to senior executive vice presidents due to their expanded responsibilities. Andrew Novotny will join Constellation and become Senior Executive Vice President, Constellation Power Operations, and President and CEO of Calpine, and will continue to lead the Calpine business plus Constellation’s fleet of natural gas, hydro, solar and wind generation, reporting to Dominguez. Several other Calpine senior executives will join the Constellation leadership team as well.お知らせ • Nov 12Constellation Energy Corporation Announces Peter Oppenheimer Intends to Retire from its Board, Effective December 31, 2025On 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 10New minor risk - Earnings qualityThe 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 09Third quarter 2025 earnings: EPS misses analyst expectationsThird 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.ナラティブの更新 • Nov 08CEG: Expanding Power Deals Will Drive Commercial Momentum ForwardConstellation Energy’s analyst price target has been raised from approximately $386 to $404. This change is due to analysts expecting stronger revenue growth and continued commercial momentum, supported by expanding industry demand.Declared Dividend • Nov 02Second quarter dividend of US$0.39 announcedShareholders 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%.お知らせ • Oct 30Constellation Energy Corporation Declares Dividend, Payable on December 5, 2025The 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.ナラティブの更新 • Oct 25AI Power Demand And Nuclear Momentum Will Unlock New Opportunities AheadAnalysts have increased their average price target for Constellation Energy from $359 to $386 per share. They cite the company's commercial momentum, robust electricity demand, and strategic positioning as key factors, particularly amid expanding opportunities in data center power and generation assets.Price Target Changed • Oct 18Price target increased by 7.3% to US$381Up 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.ナラティブの更新 • Oct 11Bipartisan Support And Nuclear Restarts Will Unlock MarketsAnalysts have raised their price target for Constellation Energy from $355.25 to $359.31 per share. This change reflects expectations of stronger profit margins and positive momentum following sector upgrades and an improving outlook for independent power producers.Buy Or Sell Opportunity • Oct 09Now 22% overvalued after recent price riseOver 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.お知らせ • Sep 30Constellation Appoints Alan Armstrong to Board of Directors, Effective Jan. 1, 2026Constellation 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.ナラティブの更新 • Sep 24Bipartisan Support And Nuclear Restarts Will Unlock MarketsConsensus analyst price targets for Constellation Energy were raised to $355.25, with robust electricity demand, strong cash flow, accelerating AI-driven power needs, and anticipated growth from the Calpine acquisition cited as key drivers, partially offset by valuation concerns, resulting in a modest upward revision in fair value. Analyst Commentary Bullish analysts highlight robust electricity demand growth and strong cash flow generation as key drivers supporting the industry and Constellation’s leadership position.ナラティブの更新 • Sep 06Bipartisan Support And Nuclear Restarts Will Unlock MarketsConstellation Energy’s consensus price target was raised from $333.84 to $346.19 as analysts see the company well-positioned to benefit from rising AI-driven power demand, strong earnings growth, and accretive acquisitions. Analyst Commentary Analysts highlight that AI-driven demand is transforming the "Energy & Power" sector, positioning Constellation Energy as a key beneficiary of this emergent "Power revolution".お知らせ • Sep 04Constellation Energy Corporation Announces Chief Nuclear Officer ChangesConstellation 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 08Second quarter dividend of US$0.39 announcedShareholders 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%.お知らせ • Aug 06Constellation Energy Corporation Declares Quarterly Dividend, Payable on September 5, 2025The 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.分析記事 • Jul 14Constellation Energy (NASDAQ:CEG) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Jun 30At US$320, Is It Time To Put Constellation Energy Corporation (NASDAQ:CEG) On Your Watch List?Constellation Energy Corporation ( NASDAQ:CEG ) saw a significant share price rise of 87% in the past couple of months...お知らせ • Jun 30+ 3 more updatesConstellation Energy Corporation(NasdaqGS:CEG) dropped from Russell 1000 Growth IndexConstellation Energy Corporation(NasdaqGS:CEG) dropped from Russell 1000 Growth Indexお知らせ • Jun 18Constellation Energy Corporation Receives Regulatory Approval from the New York State Public Service CommissionConstellation 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.分析記事 • Jun 17Subdued Growth No Barrier To Constellation Energy Corporation's (NASDAQ:CEG) PriceWhen close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 17x, you may...分析記事 • May 22With EPS Growth And More, Constellation Energy (NASDAQ:CEG) Makes An Interesting CaseFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Reported Earnings • May 07First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst 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 02Fourth quarter dividend of US$0.39 announcedShareholders 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%.お知らせ • Apr 30Constellation Energy Corporation Declares Quarterly Dividend, Payable on June 6, 2025The 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 28Investor 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 15Price target decreased by 7.1% to US$297Down 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.Seeking Alpha • Apr 09Constellation Energy: A Growth Opportunity Amid Volatility (Rating Upgrade)Summary Constellation Energy, a $58 billion market cap company paying a 0.84% dividend, is known for a recent data center deal with Microsoft involving the restart of TMI nuclear unit 1. In January 2025, Constellation announced the acquisition of a major natural gas electricity generator Calpine for $26.6 billion, subject to regulatory approvals and expected to close by January 2026. Constellation has the largest US fleet of nuclear power plants; nuclear and natural gas are preferred among electricity-generating fuels for providing base load (nuclear) and base load / quick turnaround/backup (natural gas). Read the full article on Seeking AlphaValuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$171, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Electric Utilities industry in the US. Total returns to shareholders of 174% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$288 per share.Seeking Alpha • Mar 26Constellation Energy: Price Drop And Robust Results Make It AttractiveSummary Constellation Energy Group's stock dropped 18% since October on broader concerns around nuclear energy's expected growth, despite strong Q4 and full-year 2024 results, with EPS exceeding expectations by 2.7%. There's much going for CEG, though. The company's 2025 guidance suggests a 6.7% EPS increase, but past trends indicate potential for a higher rise, possibly up to 23.1%. Market multiples are also attractive now, with forward P/E at 23.6x, down from 32.9x in October 2024, reflecting improved valuation. Despite potential risks from reduced data center demand, CEG remains a strong long-term buy, with forward P/E expected to drop further by 2030. Read the full article on Seeking Alphaお知らせ • Mar 20Constellation Energy Corporation, Annual General Meeting, Apr 29, 2025Constellation Energy Corporation, Annual General Meeting, Apr 29, 2025.Seeking Alpha • Mar 13Constellation Energy: Powering Up, Preparing For ElectrificationSummary Constellation Energy Corporation's shares have experienced significant volatility, driven by AI-related growth and the acquisition of Calpine, enhancing its fundamentals and long-term outlook. The $29.1 billion Calpine acquisition diversifies Constellation's energy portfolio and is expected to be highly accretive to earnings, boosting 2026 non-GAAP EPS by 20%. Despite recent share price declines, Constellation's strong fundamentals and growth prospects make it an attractive investment, particularly if shares fall below $200. Read the full article on Seeking AlphaValuation Update With 7 Day Price Move • Feb 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$268, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 18x in the Electric Utilities industry in the US. Total returns to shareholders of 497% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$272 per share.Recent Insider Transactions • Feb 23Senior VP & Controller recently sold US$1.2m worth of stockOn the 20th of February, Matthew Bauer sold around 4k shares on-market at roughly US$310 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Declared Dividend • Feb 20Fourth quarter dividend increased to US$0.39Dividend of US$0.39 is 10% higher than last year. Ex-date: 7th March 2025 Payment date: 18th March 2025 Dividend yield will be 0.5%, which is lower than the industry average of 3.6%.Reported Earnings • Feb 18Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$11.90 (up from US$5.03 in FY 2023). Revenue: US$23.6b (down 5.4% from FY 2023). Net income: US$3.75b (up 131% from FY 2023). Profit margin: 16% (up from 6.5% in FY 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to stay flat during the next 3 years compared to a 4.8% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has increased by 96% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 18Constellation Energy Corporation Declares Quarterly Dividend, Payable on March 18, 2025Constellation Energy Corporation declared a quarterly dividend of $0.3878 per share on common stock, payable on March 18, 2025, to shareholders of record as of 5 p.m. Eastern time on March 7, 2025.Recent Insider Transactions Derivative • Feb 13President exercised options and sold US$69m worth of stockOn the 10th of February, Joseph Dominguez exercised options to acquire 214k shares at no cost and sold these for an average price of US$322 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 2024, Joseph has owned 153.59k shares directly. Company insiders have collectively sold US$162m more than they bought, via options and on-market transactions in the last 12 months.Seeking Alpha • Feb 10Constellation Energy Is Spending Big Now To Win Big LaterSummary Constellation Energy is spending big on nuclear and clean energy to fuel future growth. Cash flow looks messy now, but it's mostly timing and planned investments. They have plenty of cash and manageable debt, so no real financial risk. The market is too focused on short-term spending and missing the bigger picture. Once these investments start paying off, the stock should move higher. Read the full article on Seeking AlphaNew Risk • Jan 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (62% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change).お知らせ • Jan 16New York Joins Constellation in Pursuit of Energy Department Funding for Advanced Nuclear ReactorConstellation commends the State of New York’s newly unveiled policies aimed at expanding the deployment of advanced nuclear energy to reach its goal of providing abundant, clean, reliable and affordable electricity for all New Yorkers. The New York State Energy Research and Development Authority (NYSERDA) has joined Constellation on a grant proposal to the U.S. Department of Energy (DOE) to support the company’s efforts to seek an early site permit from the Nuclear Regulatory Commission for one or more advanced nuclear reactors at the Nine Mile Point Clean Energy Center in Oswego, New York. If granted, the DOE funding would be used to pursue an early site permit at Nine Mile Point. An early site permit from the NRC approves a site for future development of a nuclear power plant. The permit is valid for 10 to 20 years, and the company can apply for a construction and operating license at any time during the permit period.Price Target Changed • Jan 13Price target increased by 7.7% to US$301Up from US$279, the current price target is an average from 14 analysts. New target price is 7.8% above last closing price of US$279. Stock is up 147% over the past year. The company is forecast to post earnings per share of US$9.88 for next year compared to US$5.02 last year.Seeking Alpha • Jan 12Constellation Energy Calpine Merger: Creating A Nationwide Independent Power ProducerSummary Constellation Energy's merger with Calpine will nearly double its generation capacity to around 60 GW and enhance geographic and asset diversification. Calpine is attractively priced, using highly valued Constellation stock and avoiding new debt issuance, making it immediately accretive to EPS. After a 25% stock price jump post-announcement, the combined company's valuation is high; new investors should wait for a pullback to around $250. Read the full article on Seeking AlphaBuy Or Sell Opportunity • Jan 10Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to US$305. The fair value is estimated to be US$244, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings are forecast to grow by 6.4% per annum over the same time period.お知らせ • Jan 10Constellation Energy Reportedly Near $30 Billion Deal to Acquire CalpineConstellation Energy Corporation (NasdaqGS:CEG) is nearing a roughly $30 billion deal to acquire power producer Calpine Corporation, people familiar with the matter said, a move that would significantly expand Constellation's generation assets at a time of rising U.S. power demand. The transaction could be announced as early as January 8, 2025, said the people. Constellation is expected to pay mostly stock, with a small cash component, said one, adding the purchase price would include around $12 billion of Calpine debt which the buyer will absorb. The deliberations are ongoing, the sources said, cautioning that while the talks are advanced, a deal is not guaranteed. Constellation and Calpine did not respond to comment requests. Reuters was first to report in May that the private equity owners of Calpine were considering various options, including a sale of the company, at a valuation of about $30 billion, including debt. If the talks are successful, a takeover of Calpine would rank as the biggest in the U.S. power industry since TXU Corp.'s $45 billion leveraged buyout in 2007. For Constellation, a successful acquisition would add significant gas-fired power generation to its existing mix, which is around 60% nuclear and also includes some gas, renewables and oil, according to its website. It would also broaden Constellation's geographic footprint outside of its traditional focus areas of the northeast and Midwest: Calpine has a dozen power plants in Texas, as well as numerous generation assets on the West Coast. The news comes as the boom in artificial intelligence and data centers is driving power demand higher, making generation assets increasingly attractive to buyers. For investors with long-standing bets on the power industry, the backdrop is allowing them to exit profitably. Calpine was taken private in 2017 by buyout firm Energy Capital Partners, Canadian pension fund CPP Investments and Access Industries for a total of $17 billion, including debt. Both Constellation and Calpine are independent power producers and, unlike regulated utilities, can sell power at market prices, allowing them to profit more when demand rises. U.S. power demand is forecast to hit a record this year, building on an expectation of record demand in 2024, according to the U.S. Energy Information Administration. A government-backed report last month said power demand from data centers was expected to triple in the next three years, and consume as much as 12% of the country's electricity. Bloomberg reported on Constellation's talks with Calpine earlier on January 08, 2025.Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$264, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Electric Utilities industry in the US. Total returns to shareholders of 127% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$244 per share.財務状況分析短期負債: CEGの 短期資産 ( $18.0B ) が 短期負債 ( $13.2B ) を超えています。長期負債: CEGの短期資産 ( $18.0B ) は 長期負債 ( $49.9B ) をカバーしていません。デット・ツー・エクイティの歴史と分析負債レベル: CEGの 純負債対資本比率 ( 63.9% ) は 高い と見なされます。負債の削減: CEGの負債対資本比率は、過去 5 年間で58.8%から66.4%に増加しました。債務返済能力: CEGの負債は 営業キャッシュフロー によって 十分にカバー されています ( 20.3% )。インタレストカバレッジ: CEGの負債に対する 利息支払い は EBIT ( 8.1 x coverage) によって 十分にカバーされています。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YUtilities 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 07:33終値2026/05/21 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Constellation Energy Corporation 15 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。26 アナリスト機関Eric BeaumontBarclaysNicholas CampanellaBarclaysJames ThalackerBMO Capital Markets Equity Research23 その他のアナリストを表示
分析記事 • Jul 14Constellation Energy (NASDAQ:CEG) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
ライブニュース • May 18Constellation Energy Surpasses Q1 Profit Forecast With Calpine Acquisition and New Power ProjectsConstellation Energy reported Q1 2026 adjusted EPS of $2.74, which was above analyst expectations, with revenue of $11.12b that was 64% higher year over year, helped by the Calpine acquisition. The Calpine deal added gas, solar and other generation assets, and the company cited about $2 per share of annualized earnings accretion from the transaction while also executing about $5b of asset sales to meet PJM regulatory commitments. Constellation brought the 105 MW Pastoria Solar Project in California and the 460 MW Pin Oak Creek Energy Center in Texas into commercial operation, reaffirmed 2026 adjusted operating EPS guidance of $11.00 to $12.00, and repurchased about 1.2 million shares. Taken together, the Calpine integration, new generation projects and share repurchases signal management’s focus on scale, earnings accretion and capital returns while keeping within regulatory requirements. Investors may want to watch how the company balances large-scale growth projects like the Crane Clean Energy Center restart with ongoing data center demand and future free cash flow generation against any changes in regulation or power market conditions.
Seeking Alpha • May 15The AI Power Bottleneck Makes Constellation Energy A Strong BuySummary I am rating Constellation Energy a Strong Buy because I believe the market is underestimating how valuable reliable power has become in the AI era. The major growth drivers include the Calpine acquisition, the META nuclear agreement, and the Crane restart project with MSFT support. Together these drivers represent nearly $2Bn of potential annual revenue. My Price target is $424 and is based on an estimated $14.20, 2028 EPS and using a 30x FWD earnings multiple. Power constraints are emerging as the key bottleneck for AI growth, and CEG is building foundational infrastructure for the AI era. Read the full article on Seeking Alpha
分析記事 • May 14Constellation Energy Corporation Just Beat EPS By 73%: Here's What Analysts Think Will Happen NextConstellation Energy Corporation ( NASDAQ:CEG ) investors will be delighted, with the company turning in some strong...
ナラティブの更新 • May 14CEG: PJM Reforms And 2026 Contracting Acceleration Will Support Future UpsideAnalysts have trimmed the fair value estimate for Constellation Energy to $441 from $465.80, citing more cautious assumptions on revenue growth, profit margins and a slightly higher discount rate, even though longer term P/E expectations remain broadly in line with prior views. Analyst Commentary Recent Street research on Constellation Energy has centered on recalibrated price targets, with most adjustments reflecting more conservative modeling rather than a wholesale shift in long term views.
Reported Earnings • May 12First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst 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 01Fourth quarter dividend of US$0.43 announcedShareholders 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%.
お知らせ • Apr 30Constellation Energy Corporation Declares Dividend, Payable on June 5, 2026Constellation 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.
ナラティブの更新 • Apr 29CEG: Data Center Power Contracts Will Support Long Dated Nuclear Cash FlowsAnalysts have collectively trimmed their price targets on Constellation Energy, with the fair value estimate moving from about $399.93 to $370.58 as they factor in updated earnings outlooks, revised contracting expectations and changes to long term P/E assumptions. Analyst Commentary Recent research shows a clear reset in expectations around Constellation Energy, with most updates centered on revised earnings trajectories, contracting assumptions and recalibrated long term P/E multiples.
ナラティブの更新 • Apr 15CEG: PJM Reliability Shifts And Contracting Acceleration Will Drive Future UpsideThe analyst price target for Constellation Energy has been trimmed by about $15 to reflect updated views on long term earnings visibility and valuation, as analysts weigh slightly lower fair value estimates against revised expectations for revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent research on Constellation Energy reflects a mix of trimmed and increased price targets, with many firms updating models around long term earnings visibility, contracting timelines, and regulatory developments in key power markets.
お知らせ • Apr 11Constellation Energy Corporation to Report Q1, 2026 Results on May 11, 2026Constellation Energy Corporation announced that they will report Q1, 2026 results on May 11, 2026
ナラティブの更新 • Apr 01CEG: PJM Contracting Acceleration Through 2026 Will Drive Bullish OutlookAnalysts now set a revised fair value estimate of $330.00 for Constellation Energy, up from $296.83. This reflects updated views on longer term earnings power, slightly higher assumed profit margins, and a richer future P/E multiple, despite more cautious revenue growth assumptions and a recent mix of target cuts and reaffirmed optimism across Street research.
Buy Or Sell Opportunity • Mar 20Now 28% undervalued after recent price dropOver 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.
お知らせ • Mar 20Constellation Energy Corporation, Annual General Meeting, Apr 28, 2026Constellation Energy Corporation, Annual General Meeting, Apr 28, 2026.
ナラティブの更新 • Mar 20Constellation Energy Corp. (CEG): The Nuclear AI Titan – Electrifying the Intelligence AgeVestra has increased revenue growth from 13.6% to 24.8%.
Major Estimate Revision • Mar 19Consensus 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.
ナラティブの更新 • Mar 18CEG: Nuclear Modernization And PJM Contracting Into 2026 Will Shape Balanced OutlookNarrative Update on Constellation Energy The updated analyst price target framework for Constellation Energy reflects a fair value adjustment of about $12, along with revised assumptions for slower revenue growth, slightly higher profit margins, and a higher future P/E multiple. These changes come as analysts respond to mixed target moves and evolving demand expectations linked to PJM market developments and contracting activity into 2026.
ナラティブの更新 • Mar 04CEG: PJM Backstop And Contracting Momentum Will Drive Future UpsideAnalysts have adjusted their price targets on Constellation Energy within a wide range, from $330 to $454. This reflects differing views on contracting momentum through 2026 and evolving PJM market developments.
Recent Insider Transactions Derivative • Mar 03Insider exercised options and sold US$8.5m worth of stockOn 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 03Consensus 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 26Fourth quarter dividend increased to US$0.43Dividend 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 25New minor risk - Earnings qualityThe 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).
お知らせ • Feb 25Constellation Energy Corporation Declares Quarterly Dividend, Payable on March 20, 2026Constellation 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 24New minor risk - Profit margin trendThe 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 24Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull 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.
お知らせ • Feb 18Constellation Energy Corporation to Report Q4, 2025 Results on Feb 24, 2026Constellation Energy Corporation announced that they will report Q4, 2025 results at 12:30 PM, US Eastern Standard Time on Feb 24, 2026
ナラティブの更新 • Feb 18CEG: Nuclear Fleet And Calpine Data Center Deals Will Define Balanced OutlookNarrative Update Overview The analyst price target for Constellation Energy has shifted by $32.98, as analysts balance Wells Fargo's $18 target cut with TD Cowen's new $440 target. The new target highlights both elevated regulatory risk and potential upside from the Calpine integration and gas PPA deals tied to the nuclear fleet.
Recent Insider Transactions Derivative • Feb 12President exercised options and sold US$48m worth of stockOn 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.
お知らせ • Feb 11Constellation Energy Corporation Announces Appointment of Alan Armstrong to Board Committees, Effective February 10, 2026Constellation 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.
分析記事 • Feb 05Why We're Not Concerned Yet About Constellation Energy Corporation's (NASDAQ:CEG) 29% Share Price PlungeConstellation Energy Corporation ( NASDAQ:CEG ) shareholders that were waiting for something to happen have been dealt...
Buy Or Sell Opportunity • Feb 04Now 21% undervalued after recent price dropOver 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.
ナラティブの更新 • Feb 03CEG: Nuclear License Extensions And Gas PPAs Will Support Future UpsideAnalysts have adjusted their price target for Constellation Energy by about US$1.50, citing updated views on the Calpine integration, potential upside from gas PPA contracts and ongoing interest in the company’s nuclear portfolio. Analyst Commentary Recent research on Constellation Energy has centered on how the company’s mix of nuclear assets, gas PPA contracts and the Calpine integration could influence valuation over the next few years.
Valuation Update With 7 Day Price Move • Jan 22Investor 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 20New major risk - Financial positionThe 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).
ナラティブの更新 • Jan 20CEG: Nuclear License Extensions And Calpine Integration Will Drive Future UpsideAnalysts have made a modest upward revision to their Constellation Energy price target, lifting it by about US$4 to reflect slightly higher assumptions for fair value, revenue growth, profit margins and future P/E. This revision is supported by recent research that highlights the Calpine integration and gas PPA deals as potential upside drivers, alongside positive momentum in nuclear.
New Risk • Jan 09New minor risk - Shareholder dilutionThe 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).
お知らせ • Jan 07U.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 ResilienceConstellation 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.
ナラティブの更新 • Jan 06CEG: Nuclear And Data Center Demand Will Drive Future Commercial MomentumAnalysts have raised their price expectations for Constellation Energy, with an updated implied fair value of about $476 compared with the prior $393, citing higher projected revenue growth, a modestly higher future P/E multiple, and supportive Street research that highlights commercial momentum in nuclear and data center linked demand. Analyst Commentary Recent Street research shows a cluster of price target increases and at least one rating upgrade on Constellation Energy, with several reports pointing to commercial momentum in nuclear generation, growing data center related demand, and supportive market conditions for power producers.
ナラティブの更新 • Dec 22CEG Will Balance Nuclear Momentum And Data Center Power Demand OpportunitiesConstellation Energy's analyst fair value estimate has been raised sharply from $238.32 to $342.23 as analysts cite strengthening nuclear momentum, improving revenue growth and profit margins, and the company’s positioning to benefit from rising power demand and data center related deals. Analyst Commentary Recent Street research on Constellation Energy shows a notable series of upward price target revisions alongside a shift in stance from some previously neutral voices.
お知らせ • Dec 17the Nuclear Regulatory Commission Approves 20-Year Initial License Renewal for Constellation's Clinton Clean Energy CenterThe 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.
ナラティブの更新 • Dec 08CEG: Data Center Power Deals Will Drive Nuclear Cash Flows HigherAnalysts have raised their average price target on Constellation Energy by roughly $30 to $400, citing accelerating commercial momentum, growing nuclear and thermal cash flows, and the scarcity value of its generation assets in an environment of robust electricity demand and expanding data center power needs. Analyst Commentary Recent research updates reflect a broadly constructive stance toward Constellation Energy, with several firms lifting price targets in response to strengthening fundamentals and a more supportive power market backdrop.
ナラティブの更新 • Nov 24CEG: Data Economy Power Deals And Calpine Merger Will Drive Share GainsConstellation Energy's analyst price target has increased by more than $50, as analysts cite continued commercial momentum, strengthening cash flows, and the company's strong positioning amid growing demand in the power sector. Analyst Commentary Recent updates from Street research firms reflect a continued focus on Constellation Energy's performance and prospects, as analysts adjust both price targets and ratings based on updated fundamentals.
お知らせ • Nov 21+ 1 more updateConstellation Energy Corporation Announces Executive Changes Ahead of Calpine Deal ClosingConstellation Energy Corporation announced on November 21, 2025, a series of senior leadership appointments as the company prepares to complete its transaction with Calpine. The leadership changes take effect upon completion of Constellation’s deal with Calpine, which is expected to close in the fourth quarter of 2025, subject to clearance by the Department of Justice and other customary closing conditions. Kathleen Barrón, Executive Vice President and Chief Strategy and Growth Officer, has announced she will retire after 30 years in the energy industry. Following ten years in private legal practice and five years in the federal government, Barrón joined Constellation’s predecessor company in 2010 and held numerous senior leadership roles over the past 15 years, including leading the government and regulatory affairs and public policy function, where she was responsible for many favorable outcomes in federal and state energy and environmental policy matters as well as wholesale market design advocacy. Because of her unique role, Barrón’s responsibilities will be dividend among other senior leaders upon closing of the Calpine transaction. She has agreed to remain on the Constellation senior leadership team as an advisor to the CEO through the first half of 2026 to ensure a seamless transition. Dan Eggers, Executive Vice President and Chief Financial Officer, has been promoted to Senior Executive Vice President, Finance and Data Economy, reporting to Joe Dominguez, President and CEO. In his new role, Eggers will expand his Finance responsibilities to lead Constellation’s Data Economy business. Shane Smith, Senior Vice President, Treasury and Credit, has been promoted to Executive Vice President and Chief Financial Officer, reporting to Eggers. David Dardis, Executive Vice President and Chief Legal and Policy Officer, also was promoted to Senior Executive Vice President, Chief External Affairs and Growth Officer, reporting to Dominguez. In his new role, Dardis will lead the company’s new generation development business and grow his remit to include Legal, Policy, Sustainability, Strategy, Corporate Affairs and Public Advocacy. Bryan Hanson, Executive Vice President and Chief Generation Officer, and Jim McHugh, Executive Vice President and Chief Commercial Officer, also were promoted to senior executive vice presidents due to their expanded responsibilities. Andrew Novotny will join Constellation and become Senior Executive Vice President, Constellation Power Operations, and President and CEO of Calpine, and will continue to lead the Calpine business plus Constellation’s fleet of natural gas, hydro, solar and wind generation, reporting to Dominguez. Several other Calpine senior executives will join the Constellation leadership team as well.
お知らせ • Nov 12Constellation Energy Corporation Announces Peter Oppenheimer Intends to Retire from its Board, Effective December 31, 2025On 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 10New minor risk - Earnings qualityThe 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 09Third quarter 2025 earnings: EPS misses analyst expectationsThird 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.
ナラティブの更新 • Nov 08CEG: Expanding Power Deals Will Drive Commercial Momentum ForwardConstellation Energy’s analyst price target has been raised from approximately $386 to $404. This change is due to analysts expecting stronger revenue growth and continued commercial momentum, supported by expanding industry demand.
Declared Dividend • Nov 02Second quarter dividend of US$0.39 announcedShareholders 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%.
お知らせ • Oct 30Constellation Energy Corporation Declares Dividend, Payable on December 5, 2025The 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.
ナラティブの更新 • Oct 25AI Power Demand And Nuclear Momentum Will Unlock New Opportunities AheadAnalysts have increased their average price target for Constellation Energy from $359 to $386 per share. They cite the company's commercial momentum, robust electricity demand, and strategic positioning as key factors, particularly amid expanding opportunities in data center power and generation assets.
Price Target Changed • Oct 18Price target increased by 7.3% to US$381Up 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.
ナラティブの更新 • Oct 11Bipartisan Support And Nuclear Restarts Will Unlock MarketsAnalysts have raised their price target for Constellation Energy from $355.25 to $359.31 per share. This change reflects expectations of stronger profit margins and positive momentum following sector upgrades and an improving outlook for independent power producers.
Buy Or Sell Opportunity • Oct 09Now 22% overvalued after recent price riseOver 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.
お知らせ • Sep 30Constellation Appoints Alan Armstrong to Board of Directors, Effective Jan. 1, 2026Constellation 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.
ナラティブの更新 • Sep 24Bipartisan Support And Nuclear Restarts Will Unlock MarketsConsensus analyst price targets for Constellation Energy were raised to $355.25, with robust electricity demand, strong cash flow, accelerating AI-driven power needs, and anticipated growth from the Calpine acquisition cited as key drivers, partially offset by valuation concerns, resulting in a modest upward revision in fair value. Analyst Commentary Bullish analysts highlight robust electricity demand growth and strong cash flow generation as key drivers supporting the industry and Constellation’s leadership position.
ナラティブの更新 • Sep 06Bipartisan Support And Nuclear Restarts Will Unlock MarketsConstellation Energy’s consensus price target was raised from $333.84 to $346.19 as analysts see the company well-positioned to benefit from rising AI-driven power demand, strong earnings growth, and accretive acquisitions. Analyst Commentary Analysts highlight that AI-driven demand is transforming the "Energy & Power" sector, positioning Constellation Energy as a key beneficiary of this emergent "Power revolution".
お知らせ • Sep 04Constellation Energy Corporation Announces Chief Nuclear Officer ChangesConstellation 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 08Second quarter dividend of US$0.39 announcedShareholders 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%.
お知らせ • Aug 06Constellation Energy Corporation Declares Quarterly Dividend, Payable on September 5, 2025The 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.
分析記事 • Jul 14Constellation Energy (NASDAQ:CEG) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Jun 30At US$320, Is It Time To Put Constellation Energy Corporation (NASDAQ:CEG) On Your Watch List?Constellation Energy Corporation ( NASDAQ:CEG ) saw a significant share price rise of 87% in the past couple of months...
お知らせ • Jun 30+ 3 more updatesConstellation Energy Corporation(NasdaqGS:CEG) dropped from Russell 1000 Growth IndexConstellation Energy Corporation(NasdaqGS:CEG) dropped from Russell 1000 Growth Index
お知らせ • Jun 18Constellation Energy Corporation Receives Regulatory Approval from the New York State Public Service CommissionConstellation 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.
分析記事 • Jun 17Subdued Growth No Barrier To Constellation Energy Corporation's (NASDAQ:CEG) PriceWhen close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 17x, you may...
分析記事 • May 22With EPS Growth And More, Constellation Energy (NASDAQ:CEG) Makes An Interesting CaseFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Reported Earnings • May 07First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst 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 02Fourth quarter dividend of US$0.39 announcedShareholders 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%.
お知らせ • Apr 30Constellation Energy Corporation Declares Quarterly Dividend, Payable on June 6, 2025The 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 28Investor 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 15Price target decreased by 7.1% to US$297Down 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.
Seeking Alpha • Apr 09Constellation Energy: A Growth Opportunity Amid Volatility (Rating Upgrade)Summary Constellation Energy, a $58 billion market cap company paying a 0.84% dividend, is known for a recent data center deal with Microsoft involving the restart of TMI nuclear unit 1. In January 2025, Constellation announced the acquisition of a major natural gas electricity generator Calpine for $26.6 billion, subject to regulatory approvals and expected to close by January 2026. Constellation has the largest US fleet of nuclear power plants; nuclear and natural gas are preferred among electricity-generating fuels for providing base load (nuclear) and base load / quick turnaround/backup (natural gas). Read the full article on Seeking Alpha
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$171, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Electric Utilities industry in the US. Total returns to shareholders of 174% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$288 per share.
Seeking Alpha • Mar 26Constellation Energy: Price Drop And Robust Results Make It AttractiveSummary Constellation Energy Group's stock dropped 18% since October on broader concerns around nuclear energy's expected growth, despite strong Q4 and full-year 2024 results, with EPS exceeding expectations by 2.7%. There's much going for CEG, though. The company's 2025 guidance suggests a 6.7% EPS increase, but past trends indicate potential for a higher rise, possibly up to 23.1%. Market multiples are also attractive now, with forward P/E at 23.6x, down from 32.9x in October 2024, reflecting improved valuation. Despite potential risks from reduced data center demand, CEG remains a strong long-term buy, with forward P/E expected to drop further by 2030. Read the full article on Seeking Alpha
お知らせ • Mar 20Constellation Energy Corporation, Annual General Meeting, Apr 29, 2025Constellation Energy Corporation, Annual General Meeting, Apr 29, 2025.
Seeking Alpha • Mar 13Constellation Energy: Powering Up, Preparing For ElectrificationSummary Constellation Energy Corporation's shares have experienced significant volatility, driven by AI-related growth and the acquisition of Calpine, enhancing its fundamentals and long-term outlook. The $29.1 billion Calpine acquisition diversifies Constellation's energy portfolio and is expected to be highly accretive to earnings, boosting 2026 non-GAAP EPS by 20%. Despite recent share price declines, Constellation's strong fundamentals and growth prospects make it an attractive investment, particularly if shares fall below $200. Read the full article on Seeking Alpha
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$268, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 18x in the Electric Utilities industry in the US. Total returns to shareholders of 497% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$272 per share.
Recent Insider Transactions • Feb 23Senior VP & Controller recently sold US$1.2m worth of stockOn the 20th of February, Matthew Bauer sold around 4k shares on-market at roughly US$310 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Declared Dividend • Feb 20Fourth quarter dividend increased to US$0.39Dividend of US$0.39 is 10% higher than last year. Ex-date: 7th March 2025 Payment date: 18th March 2025 Dividend yield will be 0.5%, which is lower than the industry average of 3.6%.
Reported Earnings • Feb 18Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$11.90 (up from US$5.03 in FY 2023). Revenue: US$23.6b (down 5.4% from FY 2023). Net income: US$3.75b (up 131% from FY 2023). Profit margin: 16% (up from 6.5% in FY 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to stay flat during the next 3 years compared to a 4.8% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has increased by 96% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 18Constellation Energy Corporation Declares Quarterly Dividend, Payable on March 18, 2025Constellation Energy Corporation declared a quarterly dividend of $0.3878 per share on common stock, payable on March 18, 2025, to shareholders of record as of 5 p.m. Eastern time on March 7, 2025.
Recent Insider Transactions Derivative • Feb 13President exercised options and sold US$69m worth of stockOn the 10th of February, Joseph Dominguez exercised options to acquire 214k shares at no cost and sold these for an average price of US$322 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 2024, Joseph has owned 153.59k shares directly. Company insiders have collectively sold US$162m more than they bought, via options and on-market transactions in the last 12 months.
Seeking Alpha • Feb 10Constellation Energy Is Spending Big Now To Win Big LaterSummary Constellation Energy is spending big on nuclear and clean energy to fuel future growth. Cash flow looks messy now, but it's mostly timing and planned investments. They have plenty of cash and manageable debt, so no real financial risk. The market is too focused on short-term spending and missing the bigger picture. Once these investments start paying off, the stock should move higher. Read the full article on Seeking Alpha
New Risk • Jan 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (62% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change).
お知らせ • Jan 16New York Joins Constellation in Pursuit of Energy Department Funding for Advanced Nuclear ReactorConstellation commends the State of New York’s newly unveiled policies aimed at expanding the deployment of advanced nuclear energy to reach its goal of providing abundant, clean, reliable and affordable electricity for all New Yorkers. The New York State Energy Research and Development Authority (NYSERDA) has joined Constellation on a grant proposal to the U.S. Department of Energy (DOE) to support the company’s efforts to seek an early site permit from the Nuclear Regulatory Commission for one or more advanced nuclear reactors at the Nine Mile Point Clean Energy Center in Oswego, New York. If granted, the DOE funding would be used to pursue an early site permit at Nine Mile Point. An early site permit from the NRC approves a site for future development of a nuclear power plant. The permit is valid for 10 to 20 years, and the company can apply for a construction and operating license at any time during the permit period.
Price Target Changed • Jan 13Price target increased by 7.7% to US$301Up from US$279, the current price target is an average from 14 analysts. New target price is 7.8% above last closing price of US$279. Stock is up 147% over the past year. The company is forecast to post earnings per share of US$9.88 for next year compared to US$5.02 last year.
Seeking Alpha • Jan 12Constellation Energy Calpine Merger: Creating A Nationwide Independent Power ProducerSummary Constellation Energy's merger with Calpine will nearly double its generation capacity to around 60 GW and enhance geographic and asset diversification. Calpine is attractively priced, using highly valued Constellation stock and avoiding new debt issuance, making it immediately accretive to EPS. After a 25% stock price jump post-announcement, the combined company's valuation is high; new investors should wait for a pullback to around $250. Read the full article on Seeking Alpha
Buy Or Sell Opportunity • Jan 10Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to US$305. The fair value is estimated to be US$244, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings are forecast to grow by 6.4% per annum over the same time period.
お知らせ • Jan 10Constellation Energy Reportedly Near $30 Billion Deal to Acquire CalpineConstellation Energy Corporation (NasdaqGS:CEG) is nearing a roughly $30 billion deal to acquire power producer Calpine Corporation, people familiar with the matter said, a move that would significantly expand Constellation's generation assets at a time of rising U.S. power demand. The transaction could be announced as early as January 8, 2025, said the people. Constellation is expected to pay mostly stock, with a small cash component, said one, adding the purchase price would include around $12 billion of Calpine debt which the buyer will absorb. The deliberations are ongoing, the sources said, cautioning that while the talks are advanced, a deal is not guaranteed. Constellation and Calpine did not respond to comment requests. Reuters was first to report in May that the private equity owners of Calpine were considering various options, including a sale of the company, at a valuation of about $30 billion, including debt. If the talks are successful, a takeover of Calpine would rank as the biggest in the U.S. power industry since TXU Corp.'s $45 billion leveraged buyout in 2007. For Constellation, a successful acquisition would add significant gas-fired power generation to its existing mix, which is around 60% nuclear and also includes some gas, renewables and oil, according to its website. It would also broaden Constellation's geographic footprint outside of its traditional focus areas of the northeast and Midwest: Calpine has a dozen power plants in Texas, as well as numerous generation assets on the West Coast. The news comes as the boom in artificial intelligence and data centers is driving power demand higher, making generation assets increasingly attractive to buyers. For investors with long-standing bets on the power industry, the backdrop is allowing them to exit profitably. Calpine was taken private in 2017 by buyout firm Energy Capital Partners, Canadian pension fund CPP Investments and Access Industries for a total of $17 billion, including debt. Both Constellation and Calpine are independent power producers and, unlike regulated utilities, can sell power at market prices, allowing them to profit more when demand rises. U.S. power demand is forecast to hit a record this year, building on an expectation of record demand in 2024, according to the U.S. Energy Information Administration. A government-backed report last month said power demand from data centers was expected to triple in the next three years, and consume as much as 12% of the country's electricity. Bloomberg reported on Constellation's talks with Calpine earlier on January 08, 2025.
Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$264, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Electric Utilities industry in the US. Total returns to shareholders of 127% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$244 per share.
