Aankondiging • Apr 30
Constellation Energy Corporation Declares Dividend, Payable on June 5, 2026 Constellation Energy Corporation declared a quarterly dividend of $0.4265 per share on Constellation’s common stock. The dividend is payable on June 5, 2026, to shareholders of record as of 5 p.m. Eastern time on May 15, 2026. Aankondiging • Apr 11
Constellation Energy Corporation to Report Q1, 2026 Results on May 11, 2026 Constellation Energy Corporation announced that they will report Q1, 2026 results on May 11, 2026 Aankondiging • Mar 20
Constellation Energy Corporation, Annual General Meeting, Apr 28, 2026 Constellation Energy Corporation, Annual General Meeting, Apr 28, 2026. Aankondiging • Feb 25
Constellation Energy Corporation Declares Quarterly Dividend, Payable on March 20, 2026 Constellation Energy Corporation declared a quarterly dividend of $0.4265 per share on common stock, payable on March 20, 2026, to shareholders of record as of 5 p.m. Eastern time on March 9, 2026. Aankondiging • Feb 18
Constellation Energy Corporation to Report Q4, 2025 Results on Feb 24, 2026 Constellation Energy Corporation announced that they will report Q4, 2025 results at 12:30 PM, US Eastern Standard Time on Feb 24, 2026 Aankondiging • Feb 11
Constellation Energy Corporation Announces Appointment of Alan Armstrong to Board Committees, Effective February 10, 2026 Constellation Energy Corporation reported the election of Alan Armstrong to the Board of Directors, effective January 1, 2026. On February 10, 2026, Alan Armstrong was appointed to serve on the Compensation Committee and the Nuclear Oversight Committee. New Risk • Jan 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (16% increase in shares outstanding). Aankondiging • Jan 07
U.S. Nuclear Regulatory Commission Greenlights Constellation’S $167 Million Digital Modernization Plan for Limerick Clean Energy Center; State-Of-The-Art Technology Upgrades Will Enhance Reliability, Diagnostic Capability and Cyber Resilience Constellation announced the U.S. Nuclear Regulatory Commission (NRC) has approved a License Amendment Request for the Limerick Clean Energy Center’s Digital Modernization Project, a first-of-its-kind upgrade across major control and protection systems that will enhance reliability, diagnostic capability and cyber resilience at one of the nation’s top-rated nuclear facilities. This approval comes at a critical time as Constellation works to preserve and expand nuclear generation in Pennsylvania.
The Digital Modernization Project replaces select analog instrumentation and control equipment with state-of-the-art digital platforms designed to improve equipment monitoring, provide a broader range of automation and support additional operational flexibility with enhanced reliability. These upgrades will help Limerick deliver around-the-clock, carbon-free electricity to power homes, businesses and new data-driven industries that are creating jobs in the region. This is the first large-scale demonstration of a digital safety system upgrade at an operating U.S. nuclear plant, supported by the U.S. Department of Energy’s (DOE’s) Light Water Reactor Sustainability Program. The Digital Modernization Project installation will be done in phases and carefully managed to ensure safety and operational continuity. Physical installation of the digital control rooms is planned to occur during upcoming refueling outages. During these scheduled outages, Limerick will welcome thousands of additional skilled craft workers to support the work, providing a boost to the local economy through a surge in spending on lodging, dining and services. Located along the Schuylkill River in Montgomery County, Pennsylvania (about 35 miles northwest of Philadelphia), Limerick’s two nuclear units provide up to 2,317 megawatts of reliable, carbon-free electricity, enough to power more than 1.7 million homes. The station supports local jobs and economic activity, while contributing to regional clean-energy goals. Aankondiging • Dec 17
the Nuclear Regulatory Commission Approves 20-Year Initial License Renewal for Constellation's Clinton Clean Energy Center The Nuclear Regulatory Commission (NRC) has approved a 20-year initial license renewal for Constellation's Clinton Clean Energy Center and a 20-year subsequent license renewal for its Dresden Clean Energy Center, following a rigorous review of maintenance activities, plant equipment and safety systems at the two Illinois facilities. The approvals allow Clinton to operate through 2047 and the Dresden reactors to operate through 2049 and 2051. Constellation, the nation's largest operator of clean, reliable nuclear power, is investing more than $370 million to relicense the plants, installing upgrades to increase efficiency and ensure safety and reliability for decades to come. At Clinton, two new auxiliary transformers and two advanced equipment chillers are delivering higher system reliability, while upgrades to the plant's condensate polisher system offer greater protection from component degradation. At Dresden, operators are now using next-generation feedwater level control technology to enhance reactor safety, while a new main power transformer purchased for the plant will deliver electrical system monitoring and control. With these and other upgrades in place, Clinton and Dresden continue to operate at higher levels of safety, reliability and efficiency than the day they came online. While these license renewals give Constellation the regulatory approval needed to operate Clinton and Dresden for another two decades, actual operation is contingent on each plant's financial viability. At Clinton, the facility's carbon-free energy is secure as a result of the 20-year agreement with Meta announced in August. The deal supports the continued operation, expansion and relicensing of the 1,121-megawatt Clinton facility following the expiration of the state's Zero Emission Credit (ZEC) program in May 2027. Aankondiging • Nov 12
Constellation Energy Corporation Announces Peter Oppenheimer Intends to Retire from its Board, Effective December 31, 2025 On November 9, 2025, Peter Oppenheimer notified the Board of Directors of Constellation Energy Corporation of his intent to retire from the Board. His retirement is effective December 31, 2025. Aankondiging • Oct 30
Constellation Energy Corporation Declares Dividend, Payable on December 5, 2025 The Board of Directors of Constellation Energy Corporation declared a quarterly dividend of $0.3878 per share on Constellation’s common stock. The dividend is payable on December 5, 2025, to shareholders of record as on November 17, 2025. Aankondiging • Sep 30
Constellation Appoints Alan Armstrong to Board of Directors, Effective Jan. 1, 2026 Constellation has announced the election of Alan S. Armstrong to its board of directors, effective Jan. 1, 2026. Armstrong is currently executive chairman of the board of directors for Williams, a major U.S. energy infrastructure company that primarily focuses on natural gas gathering, processing and transmission. Armstrong served as the company’s president and CEO for 14 years prior to being named its board chair earlier this year. Prior to being named Williams CEO in 2011, Armstrong led the company’s North American midstream and olefins businesses through a period of growth and expansion as Senior Vice President – Midstream. Previously, he served in a number of operational and commercial roles in various business units at Williams. He joined the company in 1986 as an engineer. A respected industry leader, Armstrong currently serves as chair of the National Petroleum Council and is a founding member of Natural Allies for a Clean Energy Future. He also serves as board member for BOK Financial Corp. Armstrong earned his bachelor’s degree in civil engineering from the University of Oklahoma where he currently serves as chair of The University of Oklahoma Foundation. Aankondiging • Sep 04
Constellation Energy Corporation Announces Chief Nuclear Officer Changes Constellation Energy Corporation announced the appointment of Chris Mudrick as the company’s new chief nuclear officer, effective September 29, 2025. Mudrick succeeds Dave Rhoades, who is retiring at the end of the year after serving in the role since 2021. Chris Mudrick has served as senior vice president of generation growth since returning to Constellation last year after serving the previous four years as chief nuclear officer at Bruce Power in Canada. Since rejoining Constellation, he has overseen the Crane Clean Energy Center restart and supported numerous growth and data economy initiatives. Mudrick spent more than 30 years in leadership positions at Constellation prior to joining Bruce Power. Aankondiging • Aug 06
Constellation Energy Corporation Declares Quarterly Dividend, Payable on September 5, 2025 The Board of Directors of Constellation Energy Corporation declared a quarterly dividend of $0.3878 per share on Constellation’s common stock. The dividend is payable on Sept. 5, 2025, to shareholders of record as of 5 p.m. Eastern time on Aug. 18, 2025. Aankondiging • Jun 18
Constellation Energy Corporation Receives Regulatory Approval from the New York State Public Service Commission Constellation announced it has received regulatory approval from the New York State Public Service Commission (PSC) for its previously announced acquisition of Calpine Corporation. The approval represents the most recent key step forward in Constellation’s plans to combine the nation’s largest zero-emissions nuclear fleet with Calpine’s premier portfolio of low-emission natural gas and geothermal assets. The deal will establish a coast-to-coast platform capable of supporting growing demand for around-the-clock, sustainable power. Earlier this month, the deal cleared regulatory review with Texas’ Public Utilities Commission. The transaction — expected to close in the fourth quarter of 2025 — now awaits approval from the Federal Energy Regulatory Commission and the Department of Justice, along with other customary closing conditions. Aankondiging • Apr 30
Constellation Energy Corporation Declares Quarterly Dividend, Payable on June 6, 2025 The Board of Directors of Constellation Energy Corporation declared a quarterly dividend of $0.3878 per share on Constellation’s common stock. The dividend is payable on June 6, 2025, to shareholders of record as of May 16, 2025. Aankondiging • Mar 20
Constellation Energy Corporation, Annual General Meeting, Apr 29, 2025 Constellation Energy Corporation, Annual General Meeting, Apr 29, 2025. Aankondiging • Feb 18
Constellation Energy Corporation Declares Quarterly Dividend, Payable on March 18, 2025 Constellation Energy Corporation declared a quarterly dividend of $0.3878 per share on common stock, payable on March 18, 2025, to shareholders of record as of 5 p.m. Eastern time on March 7, 2025. Aankondiging • Jan 16
New York Joins Constellation in Pursuit of Energy Department Funding for Advanced Nuclear Reactor Constellation commends the State of New York’s newly unveiled policies aimed at expanding the deployment of advanced nuclear energy to reach its goal of providing abundant, clean, reliable and affordable electricity for all New Yorkers. The New York State Energy Research and Development Authority (NYSERDA) has joined Constellation on a grant proposal to the U.S. Department of Energy (DOE) to support the company’s efforts to seek an early site permit from the Nuclear Regulatory Commission for one or more advanced nuclear reactors at the Nine Mile Point Clean Energy Center in Oswego, New York. If granted, the DOE funding would be used to pursue an early site permit at Nine Mile Point. An early site permit from the NRC approves a site for future development of a nuclear power plant. The permit is valid for 10 to 20 years, and the company can apply for a construction and operating license at any time during the permit period. Aankondiging • Jan 10
Constellation Energy Reportedly Near $30 Billion Deal to Acquire Calpine Constellation Energy Corporation (NasdaqGS:CEG) is nearing a roughly $30 billion deal to acquire power producer Calpine Corporation, people familiar with the matter said, a move that would significantly expand Constellation's generation assets at a time of rising U.S. power demand. The transaction could be announced as early as January 8, 2025, said the people. Constellation is expected to pay mostly stock, with a small cash component, said one, adding the purchase price would include around $12 billion of Calpine debt which the buyer will absorb. The deliberations are ongoing, the sources said, cautioning that while the talks are advanced, a deal is not guaranteed. Constellation and Calpine did not respond to comment requests. Reuters was first to report in May that the private equity owners of Calpine were considering various options, including a sale of the company, at a valuation of about $30 billion, including debt. If the talks are successful, a takeover of Calpine would rank as the biggest in the U.S. power industry since TXU Corp.'s $45 billion leveraged buyout in 2007. For Constellation, a successful acquisition would add significant gas-fired power generation to its existing mix, which is around 60% nuclear and also includes some gas, renewables and oil, according to its website. It would also broaden Constellation's geographic footprint outside of its traditional focus areas of the northeast and Midwest: Calpine has a dozen power plants in Texas, as well as numerous generation assets on the West Coast. The news comes as the boom in artificial intelligence and data centers is driving power demand higher, making generation assets increasingly attractive to buyers. For investors with long-standing bets on the power industry, the backdrop is allowing them to exit profitably. Calpine was taken private in 2017 by buyout firm Energy Capital Partners, Canadian pension fund CPP Investments and Access Industries for a total of $17 billion, including debt. Both Constellation and Calpine are independent power producers and, unlike regulated utilities, can sell power at market prices, allowing them to profit more when demand rises. U.S. power demand is forecast to hit a record this year, building on an expectation of record demand in 2024, according to the U.S. Energy Information Administration. A government-backed report last month said power demand from data centers was expected to triple in the next three years, and consume as much as 12% of the country's electricity. Bloomberg reported on Constellation's talks with Calpine earlier on January 08, 2025. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €250, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Electric Utilities industry in Europe. Total returns to shareholders of 138% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €251 per share. Aankondiging • Dec 18
Constellation Energy Corporation Announces First-Ever Product Allowing Consumers to Power Their Homes with 100% Clean Nuclear Energy Constellation Energy Corporation announced America’s first-ever product allowing consumers to power their homes with 100% clean nuclear energy, through a new retail pilot program in Washington, D.C. Clean, carbon-free nuclear energy is experiencing a major resurgence, with U.S. public support for nuclear at its highest in a decade, according to recent polls conducted by Pew and Gallup. Both polls found that a majority of Americans support nuclear and recognize it as a safe, reliable, and carbon-free energy source. Now Washingtonians can show their support for carbon-free nuclear energy—and help fight climate change—by purchasing 100% clean nuclear energy to power their homes. Nuclear energy is safe, clean, reliable, and affordable. In fact, the clean nuclear energy offer at 11.99 cents per kilowatt-hour is lower than the local D.C. utility’s current supply rate. By choosing carbon-free nuclear energy, Washingtonians can save money on their energy bills while they help fight climate change. To sign up for nuclear energy, Washington, D.C. residents simply visit here and enter their address and utility bill account number. Participating customers will continue to receive electricity through the existing utility infrastructure. Constellation, through its retail energy supplier subsidiary, will match 100% of these customers’ electricity usage with Emission Free Energy Certificates (EFECs) generated at Constellation’s nuclear-powered clean energy centers in PJM—the regional electricity grid that serves 13 states and Washington, D.C. This approach allows customers to support clean energy without any changes to their current service setup or reliability. Washington, D.C. is the first pilot market for the new residential nuclear program, and Constellation plans to expand the pilot to additional markets in 2025. Nuclear energy is the nation’s largest source of carbon-free electricity, providing nearly 20% of the total electricity supply in the United States and about half of its carbon-free energy. It is a reliable, always-on power source, capable of operating around the clock to meet the nation’s energy needs with zero greenhouse gas emissions. By delivering continuous, clean power, nuclear energy helps stabilize the electric grid and ensures reliability and resiliency, even during extreme weather events. Nuclear also is key to American energy security and independence and provides good-paying, family-sustaining jobs to keep communities strong. As the nation’s largest nuclear energy operator, Constellation’s annual output is nearly 90% carbon-free. Constellation’s award winning nuclear generating facilities achieved capacity factors of 94.4% in 2023. The company’s hydro, wind and solar facilities paired with the nation’s largest nuclear fleet have the generating capacity to power the equivalent of 16 million homes, providing about 10% of the nation’s clean energy. Constellation’s clean generation fleet avoids 125 million metric tons of carbon emissions annually, which is equivalent to taking more than 29 million gas-powered cars off the road for one year. Aankondiging • Dec 13
Constellation Energy Corporation Announces Board Changes Constellation announced the appointment of Peter Oppenheimer and Eileen Paterson to the Constellation board of directors, while Laurie Brlas, a long-time independent director, will retire from the company’s board effective December 31, 2024. Oppenheimer and Paterson will join the board effective December 16, 2024. Oppenheimer has served on the board of directors at Goldman Sachs since 2014 and chairs its Audit Committee. He also is the chairman of the Goldman Sachs Bank USA subsidiary board. He previously served as the chief financial officer of Apple from 2004 to 2014. During his leadership at Apple, the company experienced significant growth and profitability while also launching some of the most technology products in recent history, including the iPhone and iPad. Prior to his role at Apple, Oppenheimer was the divisional chief financial officer at ADP, the payment processing company, and a consultant for Coopers & Lybrand, which later became PricewaterhouseCoopers. Former CEO of aerospace and defense manufacturer Aerojet Rocketdyne, Paterson serves on the board of the integrated downstream energy company Marathon Petroleum Corporation, where she is on the Sustainability and Public Policy Committee and Compensation and Organization Development Committee. She also serves on the board of the manufacturer, and service provider of control systems and control system components Woodward, Inc, where she serves as the chair of the Nominating and Governance Committee and is a member of the Human Capital and Compensation Committee. Prior to Aerojet Rocketdyne, Paterson served as president of Pratt & Whitney AeroPower’s auxiliary power unit and small turbojet propulsion business within United Technologies Corporation. She also held leadership roles at Ford Motor Company and Visteon Corporation. Paterson is a U.S. Army veteran and served as an active-duty U.S. Army aviator. Brlas has brought valuable financial and leadership experience, along with a diverse perspective, to Constellation’s board through her 16 years of experience as a chief financial officer at global, capital-intensive companies. She also chaired Constellation’s Audit & Risk Committee since its inception, helping to establish governance as well as oversight of financial performance and emerging risk. Declared Dividend • Nov 08
Third quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 15th November 2024 Payment date: 6th December 2024 Dividend yield will be 0.6%, which is lower than the industry average of 4.3%. Reported Earnings • Nov 06
Third quarter 2024 earnings released: EPS: US$3.83 (vs US$2.27 in 3Q 2023) Third quarter 2024 results: EPS: US$3.83 (up from US$2.27 in 3Q 2023). Revenue: US$6.55b (up 7.2% from 3Q 2023). Net income: US$1.20b (up 64% from 3Q 2023). Profit margin: 18% (up from 12% in 3Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Electric Utilities industry in Europe. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €207, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 13x in the Electric Utilities industry in Europe. Total returns to shareholders of 81% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €381 per share. Aankondiging • Nov 02
Constellation Energy Corporation Declares Dividend, Payable on December 6, 2024 The Board of Directors of Constellation Energy Corporation declared a quarterly dividend of $0.3525 per share on Constellation’s common stock. The dividend is payable on December 6, 2024, to shareholders of record as of 5 p.m. Eastern time on November 15, 2024. Aankondiging • Oct 16
Constellation Energy Corporation to Report Q3, 2024 Results on Nov 04, 2024 Constellation Energy Corporation announced that they will report Q3, 2024 results on Nov 04, 2024 Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to €217, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 13x in the Electric Utilities industry in Europe. Total returns to shareholders of 112% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €379 per share. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$2.58 (vs US$2.57 in 2Q 2023) Second quarter 2024 results: EPS: US$2.58. Revenue: US$5.48b (flat on 2Q 2023). Net income: US$814.0m (down 2.3% from 2Q 2023). Profit margin: 15% (in line with 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 1.2% growth forecast for the Electric Utilities industry in Europe. Declared Dividend • Aug 04
First quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 12th August 2024 Payment date: 6th September 2024 Dividend yield will be 0.8%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (16% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 58% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jul 31
Constellation Energy Corporation Declares Quarterly Dividend, Payable on September 6, 2024 The Board of Directors of Constellation Energy Corporation declared a quarterly dividend of $0.3525 per share on Constellation’s common stock. The dividend is payable on Sept. 6, 2024, to shareholders of record as on Aug. 12, 2024. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: US$2.79 (vs US$0.29 in 1Q 2023) First quarter 2024 results: EPS: US$2.79 (up from US$0.29 in 1Q 2023). Revenue: US$6.16b (down 19% from 1Q 2023). Net income: US$883.0m (up US$787.0m from 1Q 2023). Profit margin: 14% (up from 1.3% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Aankondiging • May 02
Constellation Energy Corporation Declares Quarterly Dividend, Payable on June 10, 2024 The Board of Directors of Constellation Energy Corporation declared a quarterly dividend of $0.3525 per share on Constellation’s common stock. The dividend is payable on June 10, 2024, to shareholders of record as of 5 p.m. Eastern time on May 29, 2024. Aankondiging • Apr 11
Constellation Energy Corporation to Report Q1, 2024 Results on May 09, 2024 Constellation Energy Corporation announced that they will report Q1, 2024 results on May 09, 2024 Aankondiging • Mar 21
Constellation Energy Corporation, Annual General Meeting, Apr 30, 2024 Constellation Energy Corporation, Annual General Meeting, Apr 30, 2024, at 09:00 Eastern Standard Time. Agenda: To elect four Class II directors nominated by Board of Directors; to consider and act on an advisory vote regarding the approval of compensation paid to named executive officers; to ratify the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2024; and to transact any other business properly brought before the meeting and any adjournment or postponement thereof. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to €158, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 10x in the Electric Utilities industry in Europe. Total returns to shareholders of 114% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €249 per share. Declared Dividend • Mar 01
Fourth quarter dividend of US$0.35 announced Shareholders will receive a dividend of US$0.35. Ex-date: 7th March 2024 Payment date: 11th March 2024 Dividend yield will be 0.7%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (22% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 58% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: US$5.03 (vs US$0.49 loss in FY 2022) Full year 2023 results: EPS: US$5.03 (up from US$0.49 loss in FY 2022). Revenue: US$24.9b (up 2.0% from FY 2022). Net income: US$1.62b (up US$1.78b from FY 2022). Profit margin: 6.5% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to decline by 7.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. New Risk • Dec 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. High level of non-cash earnings (51% accrual ratio). Reported Earnings • Nov 07
Third quarter 2023 earnings released: EPS: US$2.27 (vs US$0.57 loss in 3Q 2022) Third quarter 2023 results: EPS: US$2.27 (up from US$0.57 loss in 3Q 2022). Revenue: US$6.11b (up 1.0% from 3Q 2022). Net income: US$731.0m (up US$919.0m from 3Q 2022). Profit margin: 12% (up from net loss in 3Q 2022). Revenue is expected to fall by 5.2% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Electric Utilities industry in Europe. Aankondiging • Nov 03
Constellation Energy Corporation Declares Dividend, Payable on December 8, 2023 The Board of Directors of Constellation Energy Corporation declared a quarterly dividend of $0.282 per share on Constellation’s common stock. The dividend is payable on December 8, 2023, to shareholders of record date as on November 17, 2023. Aankondiging • Oct 18
Constellation to Play Key Role in $1 Billion Clean Hydrogen Hub Awarded by U.S. Department of Energy Constellation is a major participant in the MachH2 hydrogen hub recently selected for up to $1 billion by the Department of Energy (DOE) as part of the bipartisan Infrastructure Investment and Jobs Act. Constellation will use a portion of the hub funding to build the world’s largest nuclear-powered clean hydrogen production facility at its LaSalle Clean Energy Center in Illinois. The project will produce an estimated 33,450 tons of clean hydrogen each year and create thousands of good-paying jobs. Constellation estimates its LaSalle clean hydrogen facility will cost about $900 million, with a portion of the MachH2 award offsetting the project’s cost. The Midwest Alliance for Clean Hydrogen (MachH2) is made up of more than 70 public and private entities representing every phase in the hydrogen value chain. The projects are concentrated in Illinois, Indiana and Michigan, with further representation from Kentucky, Missouri, Ohio and Wisconsin. With this award, the hub is poised to unleash billions of dollars in investment, decarbonize heavy industries, create an estimated 13,600 direct jobs and help secure U.S. leadership on clean energy. Constellation’s LaSalle clean hydrogen facility would employ lessons learned from Constellation’s 1 MW demonstration-scale, nuclear-powered clean hydrogen production facility at the Nine Mile Point Clean Energy Center in Oswego, N.Y. Funded in part through a separate DOE grant, the project began full production in March 2023, making it the first nuclear-powered hydrogen facility of its size in the U.S. New Risk • Aug 07
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 46% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). High level of non-cash earnings (46% accrual ratio). Aankondiging • Aug 04
Constellation Energy Corporation Appoints Dhiaa Jamil to the Board of Directors Constellation Energy Corporation announced the election of Dhiaa Jamil to the board of directors effective June 12, 2023, and that he had been appointed to serve on the Nuclear Oversight Committee of the board. Effective August 1, 2023, Mr. Jamil was appointed to serve on the Compensation Committee. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$2.57 (vs US$0.34 loss in 2Q 2022) Second quarter 2023 results: EPS: US$2.57 (up from US$0.34 loss in 2Q 2022). Revenue: US$5.45b (flat on 2Q 2022). Net income: US$833.0m (up US$944.0m from 2Q 2022). Profit margin: 15% (up from net loss in 2Q 2022). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.9% decline forecast for the Electric Utilities industry in Europe. Aankondiging • Aug 03
Constellation Energy Corporation Declares Dividend, Payable on September 8, 2023 The Board of Directors of Constellation Energy Corporation declared a quarterly dividend of $0.282 per share on Constellation’s common stock. The dividend is payable on September 8, 2023, to shareholders of record as on August 14, 2023. Aankondiging • Jun 01
Constellation Energy Corporation Appoints Dhiaa M. Jamil to its Board of Directors, Effective June 12, 2023 Constellation Energy Corporation announced the election of Dhiaa M. Jamil to its Board of Directors effective June 12, 2023. Jamil currently serves as executive vice president and chief operating officer for Duke Energy. He is responsible for the company’s generating fleet, transmission grid, enterprise-wide project management and construction, environment, health and safety and other related support functions. Jamil will retire June 30, 2023, after more than 40 years with Duke. Prior to his current role, Jamil served as executive vice president of Duke Energy’s regulated generation and as chief nuclear officer from 2008 to 2015, where he oversaw the largest regulated nuclear fleet in the country. During that time, he played a key role in Duke’s 2012 merger with Progress Energy, integrating and transforming a fleet of 12 nuclear units. Earlier in his career, he held various leadership roles of increasing responsibility at the company’s Oconee, McGuire and Catawba nuclear stations, including station manager and site vice president. Throughout his tenure, Jamil has directed virtually every operating function from the fossil fleet and transmission grid to supply chain and construction with 14,000 employees under his scope of responsibility. He recently served on the board of directors for the Nuclear Energy Institute and chairs the UNC Charlotte Energy Production Infrastructure Center (EPIC) Advisory Board. He also serves as a trustee for the Duke Energy Foundation. Jamil is a past board member of Nuclear Electric Insurance Limited (NEIL). He also served on various utilities’ nuclear safety review boards and was a member of the National Nuclear Training Accrediting Board. A Charlotte, North Carolina, resident, Jamil received a Bachelor of Science degree in electrical engineering from the University of North Carolina at Charlotte and completed advanced management programs at both Harvard Business School and the Institute of Nuclear Power Operations. Board Change • May 10
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. No experienced directors. No highly experienced directors. Independent Director John Richardson is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • May 06
First quarter 2023 earnings released: EPS: US$0.29 (vs US$0.32 in 1Q 2022) First quarter 2023 results: EPS: US$0.29 (down from US$0.32 in 1Q 2022). Revenue: US$7.57b (up 35% from 1Q 2022). Net income: US$96.0m (down 9.4% from 1Q 2022). Profit margin: 1.3% (down from 1.9% in 1Q 2022). Revenue is expected to fall by 2.7% p.a. on average during the next 3 years compared to a 4.0% decline forecast for the Electric Utilities industry in Europe. Upcoming Dividend • May 04
Upcoming dividend of US$0.28 per share at 1.4% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 09 June 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.9%). Reported Earnings • Feb 18
Full year 2022 earnings released Full year 2022 results: US$0.49 loss per share. Revenue: US$24.4b (up 24% from FY 2021). Net loss: US$160.0m (loss narrowed 22% from FY 2021). Revenue is forecast to decline by 4.2% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Board Change • Nov 21
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 2 experienced directors. 1 highly experienced director. Director of Commonwealth Edison Company Richard Thomas is the most experienced director on the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 09
Third quarter 2022 earnings released Third quarter 2022 results: US$0.57 loss per share. Revenue: US$6.05b (up 37% from 3Q 2021). Net loss: US$188.0m (down 131% from profit in 3Q 2021). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Aankondiging • Nov 04
Constellation Energy Corporation (NasdaqGS:CEG) entered into an asset purchase agreement to acquire Rebate Business of Bill Identity Inc $2.8 million. Constellation Energy Corporation (NasdaqGS:CEG) entered into an asset purchase agreement to acquire Rebate Business of Bill Identity Inc $2.8 million on November 1, 2022. As per consideration $2 million has been received in cash on closing, with the remaining $0.8 million being held back, with $0.3 million being held back for a period of 6 months and $0.5 million being held for a period of 12 months, in order to meet any successful Constellation claims under the asset purchase agreement. Aankondiging • Nov 01
Constellation Energy Corporation Declares Quarterly Dividend, Payable on December 9, 2022 Constellation Energy Corporation announced that the board of directors declared a quarterly dividend of $0.141 per share on constellation’s common stock. The dividend is payable on December 9, 2022, to shareholders of record as of 5 p.m. Eastern time on November 15, 2022. Aankondiging • Oct 20
Constellation Energy Corporation Appoints Nneka L. Rimmer to Board of Directors, Effective on November 1, 2022 Constellation announced the election of Nneka L. Rimmer to its Board of Directors effective Nov. 1, 2022. Rimmer, 51, most recently served as president, Global Flavors & Extracts, for McCormick & Company Inc., a global leader that manufactures, markets and distributes spices, seasoning mixes, condiments and other productsto the food industry. Prior to her retirement in 2021, Rimmer drove industry-leading growth as a member of McCormick’s six-person executive team. Rimmer joined McCormick in 2015 as senior vice president, Corporate Strategy & Development, where she oversaw the successful $4.2 billion acquisition of French’s and Frank’s RedHot Brand, the transaction in the company’s history. Later promoted to Chief Transformation Officer, she overhauled McCormick’s business-to-business industrial unit and spearheaded its rebrand to the Global Flavors & Extracts business unit. Shortly after her retirement, McCormick became a Fortune 500 company due in part to its overarching focus on growth and successful execution of corporate strategies led by Rimmer. Prior to McCormick, Rimmer spent 15 years with Boston Consulting Group (BCG) focused on advising Fortune 100 C-Suite executives and board directors on global growth, M&A strategy, talent development and change management. She rose to become BCG’s first Black female partner, with leadership positions across the consumer goods and retail, public sector and strategy practices. Since stepping away from her corporate career, Rimmer has maintained a dedicated focus on board service. She currently serves as an independent director and member of the audit and human capital committees for Energizer Holdings. She is also on the boards of Wellness Pet LLC and Wheel Pros LLC, two private equity-owned consumer products companies. Rimmer also serves as a trustee at the University of Maryland, Baltimore. Rimmer earned her bachelor’s degree in chemical engineering from Stanford University and her master’s of business administration and juris doctorate from Northwestern University. Reported Earnings • Aug 07
Second quarter 2022 earnings released Second quarter 2022 results: US$0.34 loss per share. Revenue: US$5.47b (up 32% from 2Q 2021). Net loss: US$111.0m (loss widened 82% from 2Q 2021). Over the next year, revenue is expected to shrink by 35% compared to a 4.9% decline forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 21% share price gain to €63.50, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Electric Utilities industry in Europe. Aankondiging • Jul 27
Constellation Energy Corporation Declares Dividend, Payable on September 9, 2022 Constellation Energy Corporation declared a quarterly dividend of $0.141 per share on Constellation’s common stock. The dividend is payable on September 9, 2022, to shareholders of record as of 5 p.m. Eastern time on August 15, 2022. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 22% share price gain to €63.00, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 13x in the Electric Utilities industry in Europe. Reported Earnings • May 13
First quarter 2022 earnings released First quarter 2022 results: Revenue: US$5.59b (flat on 1Q 2021). Net income: US$106.0m (up US$899.0m from 1Q 2021). Profit margin: 1.9% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to decline by 3.5% while the industry in Germany is not expected to grow. Board Change • May 02
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. Director of Commonwealth Edison Company Richard Thomas is the most experienced director on the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Apr 27
Constellation Energy Corporation Declares Quarterly Dividend, Payable on June 10, 2022 Board of Directors of Constellation Energy Corporation declared a quarterly dividend of $0.141 per share on the company’s common stock. The dividend is payable on June 10, 2022, to shareholders of record on May 13, 2022. Aankondiging • Apr 20
Constellation Energy Corporation Announces Rhonda Ferguson, A Member of Its Board of Directors Passed Away It is with deep sadness that Constellation Energy Corporation announced that Rhonda Ferguson, a member of its Board of Directors since January 31, 2022, passed away unexpectedly on April 17, 2022. Board Change • Mar 01
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 2 experienced directors. 1 highly experienced director. Director of Commonwealth Edison Company Richard Thomas is the most experienced director on the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.