NasdaqGS:CEGElectric Utilities
Constellation Energy (CEG) Stock Rallies Behind Higher Guidance And Nuclear Deals
Constellation Energy stock jumped about 3.4% to roughly US$270 after earnings, which suggests sentiment is leaning bullish. The question for investors is whether that move fits the story in the numbers. The company delivered Q2 basic earnings per share of US$1.43 on revenue of US$7.5b and lifted full-year adjusted operating earnings guidance to a range of US$11.50 to US$12.50 per share.
For a power producer that depends heavily on contracted cash flows and nuclear fleet reliability, that...