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 /26Constellation Energyの総株主資本は$32.3B 、総負債は$24.7Bで、負債比率は76.4%となります。総資産と総負債はそれぞれ$98.3Bと$65.9Bです。 Constellation Energyの EBIT は$4.7Bで、利息カバレッジ比率6です。現金および短期投資は$697.0Mです。主要情報76.42%負債資本比率US$24.70b負債インタレスト・カバレッジ・レシオ6x現金US$697.00mエクイティUS$32.32b負債合計US$65.93b総資産US$98.25b財務の健全性に関する最新情報更新なしすべての更新を表示Recent updates新しいナラティブ • Aug 16Constellation Energy ($CEG): The Nuclear Scarcity Play Powering the AI Demand BoomThe market is underappreciating how scarce true 24/7 carbon-free baseload has become just as AI data centers and electrification drive the sharpest sustained rise in U.S. power demand in decades. Most investors still treat CEG as a “utility with nuclear exposure.” It is better understood as the owner of the largest, highest-quality fleet of scarce, dispatchable zero-carbon generation that hyperscalers cannot easily replicate or replace.Seeking Alpha • Aug 11Constellation Energy: Higher Guidance And Nuclear Scarcity Are Starting To Pay OffSummary I'm reiterating Constellation Energy as a Strong Buy with a raised price target of $449. AI-driven power demand is translating into long-duration nuclear contracts, with 920 MW of new agreements and 1,100 MW of potential uprates providing significant forward optionality. Calpine’s earnings contribution and aggressive share repurchases are accelerating EPS growth, supporting a 20%+ base EPS CAGR through 2029 and reducing dilution risk. The company's growth-adjusted valuation remains attractive, with a FWD PEG of 1.48x which remains about 39% below the sector median despite materially faster expected EPS growth. Read the full article on Seeking AlphaNew Risk • Aug 07New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.お知らせ • Aug 06Constellation Energy Corporation Announces Board and Board Committee ChangesConstellation Energy Corporation announced that Robert J. Lawless, Chair of the Board of Directors, retired from the Board, effective August 4, 2026. Lawless served on the board of legacy Constellation Energy Group from 2002 until its merger with Exelon in 2012, on the Exelon Board from 2012 to 2022, and as chairman of Constellation following its separation from Exelon in 2022. Mr. Lawless brought decades of executive leadership, strategic planning and corporate governance experience to the Board. As the former chairman, president and chief executive officer of McCormick & Company, he provided valuable insight on issues affecting public companies and helped strengthen Constellation's focus on long-term shareholder value and disciplined leadership. In connection with the retirement of Mr. Lawless as Chair of the Board, the Board elected Joseph Dominguez, the Company's President and Chief Executive Officer, to serve as Chair of the Board, effective August 4, 2026. As a result of Mr. Dominguez being named Chair of the Board, Charles Harrington, Chair of the Corporate Governance Committee of the Board, will also serve as Lead Independent Director of the Board. On August 4, 2026, the Board elected Roger Crandall, Chairman, President and Chief Executive Officer of MassMutual, to the Board as an independent director, effective August 5, 2026, to serve until the Company's 2027 annual meeting of shareholders. The Board has not yet determined the committee(s) on which Mr. Crandall will be appointed to serve. Crandall brings nearly four decades of leadership experience in financial services and has served as chief executive officer of MassMutual since 2010. MassMutual, a Fortune 100 company, is one of America's largest mutual life insurance companies, serving more than four million customers with over $1 trillion in life insurance in force. Under Crandall's leadership, the 175-year-old company has delivered strong long-term performance and exceptional value to its policyowners. He recently completed service as Chair of the Federal Reserve Bank of Boston and currently serves on several business, educational and nonprofit boards. Crandall earned an MBA from the Wharton School of the University of Pennsylvania and a bachelor's degree in economics from the University of Vermont.ライブニュース • Aug 06Constellation Energy Finalizes Key Asset Sale and Secures New Clean Power AgreementsConstellation Energy reported its second quarter 2026 results, highlighting progress on restarting the Crane Clean Energy Center, signing 920 MW of long-term clean power purchase agreements, divesting the Brazos Valley Energy Center under prior regulatory commitments, and filing license renewal applications for two New York nuclear units that could extend operations to 2049. These updates affect how Constellation Energy’s generation mix and regulatory obligations are shaping up, with the Brazos Valley sale marking completion of all asset sales required from the Calpine acquisition and the New York nuclear filings tied directly to the potential duration of those units’ contributions. Constellation Energy shares trade at US$265.12, with the stock down 27.6% year to date. Taken together, the long-term PPAs, nuclear license filings and final regulatory asset sale provide a clearer picture of Constellation Energy’s contracted revenue base relative to its exposure to future regulatory and operational decisions.ナラティブ更新 • Jul 28CEG: Long Dated Nuclear And PJM Capacity Will Power AI DemandConstellation Energy's analyst fair value estimate has edged down from about $360.24 to $352.91 as analysts trim price targets by roughly $8 to $51 across firms. This largely reflects updated power price forward curves and refreshed sector models while still citing solid capacity revenues and the company's role in ongoing energy market restructuring.ライブニュース • Jul 17Constellation Energy Invests in Blue Energy to Advance Modular Nuclear Plant RolloutConstellation Energy, through its venture arm Constellation Technology Ventures, has taken a strategic equity stake in Blue Energy, a developer of prefabricated, financeable nuclear power plants that use shipyard manufacturing and project financing to deploy proven reactor technology. The partnership is aimed at accelerating commercialization of modular nuclear projects and supports Constellation Energy’s focus on clean power, building on its role as the largest clean energy producer and operator of the biggest nuclear fleet in the U.S. Constellation Energy shares trade at US$251.77, with the stock down 31.3% year to date. The Blue Energy investment ties Constellation Energy’s existing nuclear operating expertise to a modular build-and-finance model, which could influence its future project pipeline and capital needs, while adding execution and regulatory risk around an emerging deployment approach.ライブニュース • Jul 06Constellation Energy Files to Extend Operations of Key New York Nuclear Reactors to 2049Constellation Energy has applied to the Nuclear Regulatory Commission to renew licenses for its Nine Mile Point Unit 1 and Ginna Clean Energy Center reactors in upstate New York, seeking to keep them operating through 2049. The company highlighted that these nuclear plants supply zero-emission power, support thousands of jobs and generate significant local tax revenue, while aligning with New York’s Zero Emissions Credit program and the state’s clean energy goals. Constellation Energy shares last traded at US$239.25, with the stock down 34.7% year to date, while Citi kept a Neutral rating but reduced its price target from US$348 to US$297, signaling a cautious stance despite the license renewal push. Extending nuclear operations in New York could help Constellation Energy maintain long-term cash flow from regulated-like contracts tied to clean energy policies, but the price target cut highlights market concern about how that long-duration profile aligns with current pricing and risk assumptions.Board Change • Jul 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. Independent Director Drake Paterson was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.ライブニュース • Jun 30Constellation Energy Secures Major 15-Year Nuclear Energy Deal With WalmartWalmart has signed its first nuclear power purchase agreement with Constellation Energy, securing about 176 megawatts of emissions-free electricity from the Dresden Clean Energy Center in Illinois across two staggered 15-year terms starting in 2029 and 2030. The agreement is one of the largest nuclear power deals by a non-tech corporate buyer in the U.S. retail sector and is intended to support upgrades and expanded capacity at Dresden while supplying Walmart’s new perishable distribution center in Belvidere, Illinois. Constellation Energy shares trade at US$259.32, with the stock down 29.2% year to date. This Walmart contract highlights growing corporate interest in nuclear power and gives Constellation Energy a long-duration, contracted revenue stream tied to planned facility investments, while concentrating more of its profile on large, creditworthy counterparties.お知らせ • Jun 27Constellation Energy Corporation Files License Renewal Applications With Nuclear Regulatory CommissionConstellation Energy Corporation has filed license renewal applications with the Nuclear Regulatory Commission to extend the operations of Ginna Clean Energy Center and Nine Mile Point Unit 1 reactors in upstate New York to 2049. Constellation’s decision to invest in these plants to extend their safe and reliable operations into mid-century demonstrates that New York State’s renewal of its Zero Emissions Credit program is working as intended. Renewal of the Zero Emissions Credit program is projected to deliver $50 billion in ratepayer savings by 2050, contribute $38 billion to New York’s economy, secure 14,000 good-paying, local jobs for decades to come, and preserve $10 billion in tax revenue for the state. Constellation’s license renewal applications of two of its nuclear reactors in upstate New York have initiated a comprehensive review by the Nuclear Regulatory Commission of the reactors’ maintenance plans, plant equipment and safety systems. Constellation filed license renewal requests with the Nuclear Regulatory Commission on June 17 for Ginna and on March 25 for Nine Mile Point Unit 1. If approved, the units’ operating licenses would be extended 20 years, to 2049. Nine Mile Point Unit 2 is currently licensed to operate until 2046.ナラティブ更新 • Jun 26CEG: Long Dated Nuclear Contracts Will Anchor AI Data Center DemandAnalysts have modestly adjusted their view on Constellation Energy, with the updated fair value estimate moving from about $370.58 to $360.24. This revision reflects a slightly higher discount rate, lower revenue growth expectations, and a reduced future P/E multiple that aligns with a mix of recently raised and lowered price targets around the sector.お知らせ • Jun 25Constellation Energy Corporation to Report Q2, 2026 Results on Aug 06, 2026Constellation Energy Corporation announced that they will report Q2, 2026 results on Aug 06, 2026ライブニュース • Jun 23Constellation Energy Raises $3.09 Billion to Back Nuclear Projects and AI Power DealsConstellation Energy completed a $3.09b follow-on equity offering to fund nuclear growth projects, including the planned restart of the Crane Clean Energy Center and progress on regulatory approvals tied to the Three Mile Island Unit 1 restart. The company has signed long-term, premium-priced power purchase agreements with Microsoft, Meta and other large tech customers to supply carbon-free electricity for AI and data center demand, supported by its 92.3% nuclear fleet capacity factor. Constellation Energy shares trade at $275.53, with the stock down 24.8% year to date, despite increased attention to its role in supplying power for AI infrastructure. Taken together, these moves give Constellation Energy more committed capital and contracted demand, but investors still need to weigh execution risks around nuclear restarts, grid interconnection and the long timeframes typical of large power projects.ライブニュース • Jun 15Constellation Energy Targets AI Power Demand With Clean Energy Expansions and Nuclear Restart ProgressConstellation Energy secured long-term, premium-priced power purchase agreements with major tech customers such as Microsoft and Meta, tying its clean energy output directly to AI-driven data center demand. The company received a key FERC waiver that could bring the Crane Clean Energy Center (formerly Three Mile Island Unit 1) back online by 2027, ahead of an earlier 2031 timeline, while NRC environmental reviews continue. Constellation closed a US$16.4b acquisition of Calpine, completed a US$90m refueling outage at the Limerick Clean Energy Center, and added 25 megawatts at The Geysers geothermal complex, expanding its generation footprint and project pipeline. Taken together, these moves position Constellation as a central supplier of carbon-free and low-carbon power to large tech customers that are looking for reliable capacity to support AI and data center growth. Investors may want to monitor how the company manages post-acquisition leverage, regulatory milestones for nuclear restarts, and capacity-market rules, as these factors could affect earnings risk and balance-sheet flexibility over the next few years.ナラティブ更新 • Jun 12CEG: AI Power Demand And Calpine Deal Will Support Future UpsideAnalysts have trimmed their fair value estimate for Constellation Energy by about $9.57 to roughly $431.43, reflecting a series of recent price target reductions across the Street as they adjust assumptions for revenue growth, profit margins, and future P/E ratios. Analyst Commentary Recent Street research on Constellation Energy has featured a cluster of price target cuts, but the overall tone has not been uniformly cautious.ライブニュース • Jun 08Constellation Energy Expands With Calpine Deal and AI Data Center Contracts as Vistra Eyes GrowthConstellation Energy agreed to acquire Calpine for US$16.4b, expanding its generation fleet to nearly 60 gigawatts and its customer base to about 2.5 million, including a larger mix of natural gas and clean power assets. The company obtained a federal regulatory waiver to speed up the restart of the Three Mile Island nuclear plant, reinforcing its focus on carbon-free, reliable power for large tech and data center clients. Management has tripled the quarterly dividend since 2022 and is targeting 10% annual dividend growth, supported in part by long-term contracts with hyperscalers such as Microsoft and Meta and by expectations around rising electricity demand during the U.S. driving season. Taken together, the Calpine acquisition, nuclear restart efforts and long-term data center contracts point to a business model that is leaning heavily into large-scale, contracted electricity demand tied to AI and transportation trends. The key trade-off for investors is weighing that growth and income profile against concerns about higher leverage and balance-sheet risk that followed the Calpine deal, as well as competition from companies like Vistra that are building out gas-fired capacity on a different capital return model.お知らせ • Jun 03Constellation Energy Corporation has completed a Follow-on Equity Offering in the amount of $3.091 billion.Constellation Energy Corporation has completed a Follow-on Equity Offering in the amount of $3.091 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 11,000,000 Price\Range: $281 Discount Per Security: $2お知らせ • Jun 02Constellation Energy Corporation has filed a Follow-on Equity Offering.Constellation Energy Corporation has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Securities Offered: 9,000,000ナラティブ更新 • May 29CEG: Reset Street Expectations And PJM Delay Will Shape Medium Term OutlookAnalysts have trimmed the blended price target for Constellation Energy from about $330 to roughly $293. This reflects a series of recent target reductions across the Street as they factor in updated growth, profitability and sector performance assumptions.Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$302, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 19x in the Electric Utilities industry in the US. Total returns to shareholders of 268% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$481 per share.Major Estimate Revision • May 22Consensus revenue estimates increase by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$30.4b to US$34.4b. EPS estimate unchanged from US$11.74 at last update. Electric Utilities industry in the US expected to see average net income growth of 11% next year. Consensus price target broadly unchanged at US$366. Share price rose 10% to US$294 over the past week.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.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.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.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財務状況分析短期負債: CEGの 短期資産 ( $19.0B ) が 短期負債 ( $13.0B ) を超えています。長期負債: CEGの短期資産 ( $19.0B ) は 長期負債 ( $52.9B ) をカバーしていません。デット・ツー・エクイティの歴史と分析負債レベル: CEGの 純負債対資本比率 ( 74.3% ) は 高い と見なされます。負債の削減: CEGの負債対資本比率は、過去 5 年間で51.4%から76.4%に増加しました。債務返済能力: CEGの負債は 営業キャッシュフロー によって 十分にカバーされていません ( 17% )。インタレストカバレッジ: CEGの負債に対する 利息支払い は EBIT ( 6 x coverage) によって 十分にカバーされています。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YUtilities 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/23 02:41終値2026/08/21 00:00収益2026/06/30年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Constellation Energy Corporation 16 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。27 アナリスト機関Eric BeaumontBarclaysNicholas CampanellaBarclaysSunaina OcalanBernstein24 その他のアナリストを表示
新しいナラティブ • Aug 16Constellation Energy ($CEG): The Nuclear Scarcity Play Powering the AI Demand BoomThe market is underappreciating how scarce true 24/7 carbon-free baseload has become just as AI data centers and electrification drive the sharpest sustained rise in U.S. power demand in decades. Most investors still treat CEG as a “utility with nuclear exposure.” It is better understood as the owner of the largest, highest-quality fleet of scarce, dispatchable zero-carbon generation that hyperscalers cannot easily replicate or replace.
Seeking Alpha • Aug 11Constellation Energy: Higher Guidance And Nuclear Scarcity Are Starting To Pay OffSummary I'm reiterating Constellation Energy as a Strong Buy with a raised price target of $449. AI-driven power demand is translating into long-duration nuclear contracts, with 920 MW of new agreements and 1,100 MW of potential uprates providing significant forward optionality. Calpine’s earnings contribution and aggressive share repurchases are accelerating EPS growth, supporting a 20%+ base EPS CAGR through 2029 and reducing dilution risk. The company's growth-adjusted valuation remains attractive, with a FWD PEG of 1.48x which remains about 39% below the sector median despite materially faster expected EPS growth. Read the full article on Seeking Alpha
New Risk • Aug 07New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.
お知らせ • Aug 06Constellation Energy Corporation Announces Board and Board Committee ChangesConstellation Energy Corporation announced that Robert J. Lawless, Chair of the Board of Directors, retired from the Board, effective August 4, 2026. Lawless served on the board of legacy Constellation Energy Group from 2002 until its merger with Exelon in 2012, on the Exelon Board from 2012 to 2022, and as chairman of Constellation following its separation from Exelon in 2022. Mr. Lawless brought decades of executive leadership, strategic planning and corporate governance experience to the Board. As the former chairman, president and chief executive officer of McCormick & Company, he provided valuable insight on issues affecting public companies and helped strengthen Constellation's focus on long-term shareholder value and disciplined leadership. In connection with the retirement of Mr. Lawless as Chair of the Board, the Board elected Joseph Dominguez, the Company's President and Chief Executive Officer, to serve as Chair of the Board, effective August 4, 2026. As a result of Mr. Dominguez being named Chair of the Board, Charles Harrington, Chair of the Corporate Governance Committee of the Board, will also serve as Lead Independent Director of the Board. On August 4, 2026, the Board elected Roger Crandall, Chairman, President and Chief Executive Officer of MassMutual, to the Board as an independent director, effective August 5, 2026, to serve until the Company's 2027 annual meeting of shareholders. The Board has not yet determined the committee(s) on which Mr. Crandall will be appointed to serve. Crandall brings nearly four decades of leadership experience in financial services and has served as chief executive officer of MassMutual since 2010. MassMutual, a Fortune 100 company, is one of America's largest mutual life insurance companies, serving more than four million customers with over $1 trillion in life insurance in force. Under Crandall's leadership, the 175-year-old company has delivered strong long-term performance and exceptional value to its policyowners. He recently completed service as Chair of the Federal Reserve Bank of Boston and currently serves on several business, educational and nonprofit boards. Crandall earned an MBA from the Wharton School of the University of Pennsylvania and a bachelor's degree in economics from the University of Vermont.
ライブニュース • Aug 06Constellation Energy Finalizes Key Asset Sale and Secures New Clean Power AgreementsConstellation Energy reported its second quarter 2026 results, highlighting progress on restarting the Crane Clean Energy Center, signing 920 MW of long-term clean power purchase agreements, divesting the Brazos Valley Energy Center under prior regulatory commitments, and filing license renewal applications for two New York nuclear units that could extend operations to 2049. These updates affect how Constellation Energy’s generation mix and regulatory obligations are shaping up, with the Brazos Valley sale marking completion of all asset sales required from the Calpine acquisition and the New York nuclear filings tied directly to the potential duration of those units’ contributions. Constellation Energy shares trade at US$265.12, with the stock down 27.6% year to date. Taken together, the long-term PPAs, nuclear license filings and final regulatory asset sale provide a clearer picture of Constellation Energy’s contracted revenue base relative to its exposure to future regulatory and operational decisions.
ナラティブ更新 • Jul 28CEG: Long Dated Nuclear And PJM Capacity Will Power AI DemandConstellation Energy's analyst fair value estimate has edged down from about $360.24 to $352.91 as analysts trim price targets by roughly $8 to $51 across firms. This largely reflects updated power price forward curves and refreshed sector models while still citing solid capacity revenues and the company's role in ongoing energy market restructuring.
ライブニュース • Jul 17Constellation Energy Invests in Blue Energy to Advance Modular Nuclear Plant RolloutConstellation Energy, through its venture arm Constellation Technology Ventures, has taken a strategic equity stake in Blue Energy, a developer of prefabricated, financeable nuclear power plants that use shipyard manufacturing and project financing to deploy proven reactor technology. The partnership is aimed at accelerating commercialization of modular nuclear projects and supports Constellation Energy’s focus on clean power, building on its role as the largest clean energy producer and operator of the biggest nuclear fleet in the U.S. Constellation Energy shares trade at US$251.77, with the stock down 31.3% year to date. The Blue Energy investment ties Constellation Energy’s existing nuclear operating expertise to a modular build-and-finance model, which could influence its future project pipeline and capital needs, while adding execution and regulatory risk around an emerging deployment approach.
ライブニュース • Jul 06Constellation Energy Files to Extend Operations of Key New York Nuclear Reactors to 2049Constellation Energy has applied to the Nuclear Regulatory Commission to renew licenses for its Nine Mile Point Unit 1 and Ginna Clean Energy Center reactors in upstate New York, seeking to keep them operating through 2049. The company highlighted that these nuclear plants supply zero-emission power, support thousands of jobs and generate significant local tax revenue, while aligning with New York’s Zero Emissions Credit program and the state’s clean energy goals. Constellation Energy shares last traded at US$239.25, with the stock down 34.7% year to date, while Citi kept a Neutral rating but reduced its price target from US$348 to US$297, signaling a cautious stance despite the license renewal push. Extending nuclear operations in New York could help Constellation Energy maintain long-term cash flow from regulated-like contracts tied to clean energy policies, but the price target cut highlights market concern about how that long-duration profile aligns with current pricing and risk assumptions.
Board Change • Jul 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. Independent Director Drake Paterson was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
ライブニュース • Jun 30Constellation Energy Secures Major 15-Year Nuclear Energy Deal With WalmartWalmart has signed its first nuclear power purchase agreement with Constellation Energy, securing about 176 megawatts of emissions-free electricity from the Dresden Clean Energy Center in Illinois across two staggered 15-year terms starting in 2029 and 2030. The agreement is one of the largest nuclear power deals by a non-tech corporate buyer in the U.S. retail sector and is intended to support upgrades and expanded capacity at Dresden while supplying Walmart’s new perishable distribution center in Belvidere, Illinois. Constellation Energy shares trade at US$259.32, with the stock down 29.2% year to date. This Walmart contract highlights growing corporate interest in nuclear power and gives Constellation Energy a long-duration, contracted revenue stream tied to planned facility investments, while concentrating more of its profile on large, creditworthy counterparties.
お知らせ • Jun 27Constellation Energy Corporation Files License Renewal Applications With Nuclear Regulatory CommissionConstellation Energy Corporation has filed license renewal applications with the Nuclear Regulatory Commission to extend the operations of Ginna Clean Energy Center and Nine Mile Point Unit 1 reactors in upstate New York to 2049. Constellation’s decision to invest in these plants to extend their safe and reliable operations into mid-century demonstrates that New York State’s renewal of its Zero Emissions Credit program is working as intended. Renewal of the Zero Emissions Credit program is projected to deliver $50 billion in ratepayer savings by 2050, contribute $38 billion to New York’s economy, secure 14,000 good-paying, local jobs for decades to come, and preserve $10 billion in tax revenue for the state. Constellation’s license renewal applications of two of its nuclear reactors in upstate New York have initiated a comprehensive review by the Nuclear Regulatory Commission of the reactors’ maintenance plans, plant equipment and safety systems. Constellation filed license renewal requests with the Nuclear Regulatory Commission on June 17 for Ginna and on March 25 for Nine Mile Point Unit 1. If approved, the units’ operating licenses would be extended 20 years, to 2049. Nine Mile Point Unit 2 is currently licensed to operate until 2046.
ナラティブ更新 • Jun 26CEG: Long Dated Nuclear Contracts Will Anchor AI Data Center DemandAnalysts have modestly adjusted their view on Constellation Energy, with the updated fair value estimate moving from about $370.58 to $360.24. This revision reflects a slightly higher discount rate, lower revenue growth expectations, and a reduced future P/E multiple that aligns with a mix of recently raised and lowered price targets around the sector.
お知らせ • Jun 25Constellation Energy Corporation to Report Q2, 2026 Results on Aug 06, 2026Constellation Energy Corporation announced that they will report Q2, 2026 results on Aug 06, 2026
ライブニュース • Jun 23Constellation Energy Raises $3.09 Billion to Back Nuclear Projects and AI Power DealsConstellation Energy completed a $3.09b follow-on equity offering to fund nuclear growth projects, including the planned restart of the Crane Clean Energy Center and progress on regulatory approvals tied to the Three Mile Island Unit 1 restart. The company has signed long-term, premium-priced power purchase agreements with Microsoft, Meta and other large tech customers to supply carbon-free electricity for AI and data center demand, supported by its 92.3% nuclear fleet capacity factor. Constellation Energy shares trade at $275.53, with the stock down 24.8% year to date, despite increased attention to its role in supplying power for AI infrastructure. Taken together, these moves give Constellation Energy more committed capital and contracted demand, but investors still need to weigh execution risks around nuclear restarts, grid interconnection and the long timeframes typical of large power projects.
ライブニュース • Jun 15Constellation Energy Targets AI Power Demand With Clean Energy Expansions and Nuclear Restart ProgressConstellation Energy secured long-term, premium-priced power purchase agreements with major tech customers such as Microsoft and Meta, tying its clean energy output directly to AI-driven data center demand. The company received a key FERC waiver that could bring the Crane Clean Energy Center (formerly Three Mile Island Unit 1) back online by 2027, ahead of an earlier 2031 timeline, while NRC environmental reviews continue. Constellation closed a US$16.4b acquisition of Calpine, completed a US$90m refueling outage at the Limerick Clean Energy Center, and added 25 megawatts at The Geysers geothermal complex, expanding its generation footprint and project pipeline. Taken together, these moves position Constellation as a central supplier of carbon-free and low-carbon power to large tech customers that are looking for reliable capacity to support AI and data center growth. Investors may want to monitor how the company manages post-acquisition leverage, regulatory milestones for nuclear restarts, and capacity-market rules, as these factors could affect earnings risk and balance-sheet flexibility over the next few years.
ナラティブ更新 • Jun 12CEG: AI Power Demand And Calpine Deal Will Support Future UpsideAnalysts have trimmed their fair value estimate for Constellation Energy by about $9.57 to roughly $431.43, reflecting a series of recent price target reductions across the Street as they adjust assumptions for revenue growth, profit margins, and future P/E ratios. Analyst Commentary Recent Street research on Constellation Energy has featured a cluster of price target cuts, but the overall tone has not been uniformly cautious.
ライブニュース • Jun 08Constellation Energy Expands With Calpine Deal and AI Data Center Contracts as Vistra Eyes GrowthConstellation Energy agreed to acquire Calpine for US$16.4b, expanding its generation fleet to nearly 60 gigawatts and its customer base to about 2.5 million, including a larger mix of natural gas and clean power assets. The company obtained a federal regulatory waiver to speed up the restart of the Three Mile Island nuclear plant, reinforcing its focus on carbon-free, reliable power for large tech and data center clients. Management has tripled the quarterly dividend since 2022 and is targeting 10% annual dividend growth, supported in part by long-term contracts with hyperscalers such as Microsoft and Meta and by expectations around rising electricity demand during the U.S. driving season. Taken together, the Calpine acquisition, nuclear restart efforts and long-term data center contracts point to a business model that is leaning heavily into large-scale, contracted electricity demand tied to AI and transportation trends. The key trade-off for investors is weighing that growth and income profile against concerns about higher leverage and balance-sheet risk that followed the Calpine deal, as well as competition from companies like Vistra that are building out gas-fired capacity on a different capital return model.
お知らせ • Jun 03Constellation Energy Corporation has completed a Follow-on Equity Offering in the amount of $3.091 billion.Constellation Energy Corporation has completed a Follow-on Equity Offering in the amount of $3.091 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 11,000,000 Price\Range: $281 Discount Per Security: $2
お知らせ • Jun 02Constellation Energy Corporation has filed a Follow-on Equity Offering.Constellation Energy Corporation has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Securities Offered: 9,000,000
ナラティブ更新 • May 29CEG: Reset Street Expectations And PJM Delay Will Shape Medium Term OutlookAnalysts have trimmed the blended price target for Constellation Energy from about $330 to roughly $293. This reflects a series of recent target reductions across the Street as they factor in updated growth, profitability and sector performance assumptions.
Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$302, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 19x in the Electric Utilities industry in the US. Total returns to shareholders of 268% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$481 per share.
Major Estimate Revision • May 22Consensus revenue estimates increase by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$30.4b to US$34.4b. EPS estimate unchanged from US$11.74 at last update. Electric Utilities industry in the US expected to see average net income growth of 11% next year. Consensus price target broadly unchanged at US$366. Share price rose 10% to US$294 over the past week.
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.
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.
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.
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
