Constellation Energy Corporation generates and sells electricity in the United States. The company operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. It sells natural gas, renewable energy, and other energy-related products and services. The company has 32,400 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. It serves distribution utilities; municipalities; cooperatives; and commercial, industrial, governmental, and residential customers. The company was incorporated in 2021 and is headquartered in Baltimore, Maryland. Constellation Energy Corporation was formerly a subsidiary of Exelon Corporation.
IPO Year:
Exchange: NASDAQ
Website: https://constellationenergy.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/17/2024 | $342.00 | Overweight | JP Morgan |
10/15/2024 | $284.00 | Neutral | Citigroup |
9/13/2024 | $186.00 | Hold | Jefferies |
8/8/2024 | $211.00 | Overweight | Barclays |
7/19/2024 | $240.00 | Buy | Argus |
2/28/2024 | $190.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
11/29/2023 | Buy → Neutral | Seaport Research Partners | |
6/21/2023 | Overweight → Sector Weight | KeyBanc Capital Markets | |
2/22/2023 | $91.00 → $83.00 | Outperform → Neutral | Credit Suisse |
2/21/2023 | $104.00 → $88.00 | Buy → Neutral | BofA Securities |
Investors with a lot of money to spend have taken a bearish stance on Constellation Energy (NASDAQ:CEG). And retail traders should know. We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CEG, it often means somebody knows something is about to happen. Today, Benzinga's options scanner spotted 10 options trades for Constellation Energy. This isn't normal. The overall sentiment of these big-money traders is split between 20% bullish and 70%, bearish. Out of all of the options we uncovered, there was 1 put, for
These eleven large-cap stocks were the worst performers in the last week. Are they in your portfolio? LPL Financial Holdings Inc. (NASDAQ:LPLA) shares tumbled 20.16%. The company announced that financial advisor Alex Williams, CFP, has joined its broker-dealer, RIA, and custodial platforms to launch a new independent practice, Stable Wealth. Advanced Micro Devices (NASDAQ:AMD) stock decreased 17.82%. Shares of semiconductor and hardware stocks are trading lower amid a selloff in the sector, which has gained this year amid AI momentum. Domino’s Pizza Inc (NYSE:DPZ) stock dived 17.78% after the company reported mixed Q2 results. Several analysts cut the price target on the stock.
Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest. Here's a look at the Benzinga Stock Whisper Index for the week of July 19: Read Also: EXCLUSIVE: Top 10 Most Searched Tickers On Benzinga Pro In First Half 2024 – Where Do Nvidia, Tesla, Palantir, GameStop
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Constellation Energy Corporation (NASDAQ:CEG) is “under heavy pressure. There's a big rotation going on, and the rotation hasn't lasted long enough. I think it's going to go for a couple more days.” The company is reportedly in talks with Pennsylvania officials to fund a potential restart of part of its Three Mile Island power facility, the site of a 1970s nuclear meltdown. “There are people in the Pentagon who think that maybe they're charging too much money. Now, they are few and far between, and I think that this is the best bang for your buck, so to speak. But I can tell you that that's the weakness, ” Cramer said when asked ab
Seven out of the top 10 best-performing S&P 500 stocks over the past year belonged to the tech sector. There are no prizes for guessing that Nvidia Corp. (NASDAQ:NVDA) and Super Micro Computer, Inc. (NASDAQ:SMCI) are part of the elite list but what could catch most by surprise is a non-tech company topping the list. Leading S&P 500 Leaderboard: Irving, Texas-based utility company Vistra Corp. (NYSE:VST) has gained over 250% over the past year and is the best-performing S&P 500 company in terms of returns. Artificial Intelligence stalwart Nvidia, which is riding on the momentum set in motion by the technology, and AI server manufacturer Super Micro took the second and third positions, r
Constellation Energy Corporation (NASDAQ:CEG) shares are trading higher today. The company is reportedly in talks with Pennsylvania officials to fund a potential restart of part of its Three Mile Island power facility, the site of a 1970s nuclear meltdown. The talks suggest Constellation’s plans to restart part of the Three Mile Island site, operational from 1974 to 2019, excluding the unit that experienced the meltdown, reported Reuters. The report noted that a decommissioned nuclear plant in Michigan recently granted a $1.5 billion conditional loan by the Biden administration for restart could serve as a model for the public-private sector approach at Three Mile Island. In an emai
High-rolling investors have positioned themselves bullish on Constellation Energy (NASDAQ:CEG), and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CEG often signals that someone has privileged information. Today, Benzinga's options scanner spotted 10 options trades for Constellation Energy. This is not a typical pattern. The sentiment among these major traders is split, with 50% bullish and 40% bearish. Among all the options we identified, there was one put, amounting to $202,500, and 9 calls, totaling $711
Big tech companies are considering a significant shift in their energy sources to fuel the AI boom, with a potential move towards nuclear power. This move, while beneficial for the companies, has raised concerns about its impact on the grid and the environment. What Happened: Tech giants such as Amazon.com Inc. (NASDAQ:AMZN) are in discussions with the owners of about a third of the U.S. nuclear power plants to directly source electricity for new data centers. This move is driven by the increasing demand for electricity due to the artificial intelligence boom, reported The Wall Street Journal, citing people familiar with the matter. Amazon Web Services is reportedly close to securing a
The stock market is up solidly this year, thanks to expectations of rate cuts by the Federal Reserve amid easing inflationary pressure, strong corporate earnings and optimism over the potential of artificial intelligence technology’s potential. Building On Gains: The S&P 500 Index, a measure of broader market performance, has gained a robust 14.48% so far this year, and it is up 3.92% for the second quarter. The index last hit a record closing high (5,487.03) on June 18, and breached the 5,500 mark intraday on June 20. Since then, the broader gauge has been going about a consolidation move. The SPDR S&P 500 ETF Trust (NYSE:SPY), an exchange-traded fund that tracks the performance of th
While the broader market had its ups and downs in the first half of 2024, two utility stocks have defied expectations, delivering stellar returns and significantly outpacing their peers. The Utility sector, tracked by the SPDR Select Sector Fund – Utilities (NYSE:XLU), is up over 8% year-to-date, but Vistra Corp. (NYSE:VST) and Constellation Energy Corp. (NASDAQ:CEG) have soared to new heights, making them the standout performers in the sector. Vistra: A Shocking Surge Vistra has been the lightning bolt in the Utility sector, charging ahead with a jaw-dropping 123.03% gain so far this year. Vistra's performance has been nothing short of electrifying. The company, which holds a 2.68
Earnings Release Highlights GAAP Net Income of $3.82 per share and Adjusted (non-GAAP) Operating Earnings of $2.74 per share for the third quarter of 2024 Raising midpoint and narrowing full-year 2024 Adjusted (non-GAAP) Operating Earnings guidance range to $8.00 – $8.40 per share Announced the signing of a 20-year power purchase agreement with Microsoft that will support the launch of the Crane Clean Energy Center Constellation Energy Corporation (NASDAQ:CEG) today reported its financial results for the third quarter of 2024. "The importance of AI and the data economy to America's economic competitiveness and national security can't be overstated, and Constellation will do our par
The Board of Directors of Constellation Energy Corporation (NASDAQ:CEG) declared a quarterly dividend of $0.3525 per share on Constellation's common stock. The dividend is payable on Dec. 6, 2024, to shareholders of record as of 5 p.m. Eastern time on Nov. 15, 2024. About Constellation A Fortune 200 company headquartered in Baltimore, Constellation Energy Corporation (NASDAQ:CEG) is the nation's largest producer of clean, emissions-free energy and a leading supplier of energy products and services to businesses, homes, community aggregations and public sector customers across the continental United States, including three fourths of Fortune 100 companies. With annual output that is nearly
Inaugural Constellation ‘CLEAN' grant awards to support 35 community-based sustainability projects across five states Constellation (NASDAQ:CEG), the nation's largest producer of emissions-free energy and a leading supplier of energy products and services, announced today $1 million in grant funding through the Constellation Foundation to support 35 conservation projects as part of the company's commitment to creating cleaner, healthier environments in the communities it serves. The annual Constellation Leading Environmental Accelerators Network (CLEAN) Awards directly fund efforts to combat the climate crisis, protect ecosystems and advance sustainability across the company's clean energ
Constellation signs its largest-ever power purchase agreement with Microsoft, a deal that will restore TMI Unit 1 to service and keep it online for decades; add approximately 835 megawatts of carbon-free energy to the grid; create 3,400 direct and indirect jobs and deliver more than $3 billion in state and federal taxes Constellation (NASDAQ:CEG) announced today the signing of a 20-year power purchase agreement with Microsoft that will pave the way for the launch of the Crane Clean Energy Center (CCEC) and restart of Three Mile Island Unit 1, which operated at industry-leading levels of safety and reliability for decades before being shut down for economic reasons exactly five years ago to
Fleet of 21 nuclear reactors generates enough carbon-free electricity to power the equivalent of nearly 15 million homes As the country endured yet another brutal summer of extended heatwaves and extreme weather brought upon by climate change, Constellation's carbon-free clean energy centers ran at nearly full power. The company's 21 nuclear reactors at 12 sites from the Midwest to the Mid-Atlantic and Northeast operated at a 98.1% capacity factor during the months of June, July and August to keep the lights on and air conditioners humming 24/7 for nearly 15 million homes and businesses. Constellation technical experts prepared for the extreme summer heat by performing tens of thousands o
Earnings Release Highlights GAAP Net Income of $2.58 per share and Adjusted (non-GAAP) Operating Earnings of $1.68 per share for the second quarter of 2024 Raising full-year 2024 Adjusted (non-GAAP) Operating Earnings guidance range to $7.60-$8.40 per share Delivering on our commitment to shareholders, repurchased approximately $500 million of our common stock in the second quarter; cumulatively we have repurchased $2.0 billion since 2023 Released our 2024 Sustainability Report and hosted our second annual Youth Energy Summit, providing students a weeklong STEM educational experience Earned 2024 Great Place to Work® certification for the second year in a row Constellation
Grants have provided nearly $6 million to date for STEM education and research programs, reaching nearly 300,000 students nationwide Constellation (NASDAQ:CEG), the nation's largest producer of carbon-free energy and a leading supplier of energy products and services, announced today it is now accepting applications for its 2024 E2 Energy to Educate grant program, which provides funding for student projects focusing on energy innovation. Educators and students in grades six through 12 can apply for program grants of up to $25,000, and those in two- and four-year colleges can apply for grants of up to $50,000. The deadline for applications is Oct. 1, 2024. "Inspiring and developing the n
The Board of Directors of Constellation Energy Corporation (NASDAQ:CEG) 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 of 5 p.m. Eastern time on Aug. 12, 2024. About Constellation A Fortune 200 company headquartered in Baltimore, Constellation Energy Corporation (NASDAQ:CEG) is the nation's largest producer of clean, carbon-free energy and a leading supplier of energy products and services to businesses, homes, community aggregations and public sector customers across the continental United States, including three fourths of Fortune 100 companies. With annual output that is nearly
Earnings Release Highlights GAAP Net Income of $2.78 per share and Adjusted (non-GAAP) Operating Earnings of $1.82 per share for the first quarter of 2024 Affirming full-year 2024 Adjusted (non-GAAP) Operating Earnings guidance range of $7.23 - $8.03 per share Delivering on our commitment to shareholders: In April 2024, authorized an additional $1 billion of authority to repurchase shares under our previously announced share repurchase program Deployed more than $500 million for the repurchase of shares in the first quarter; cumulatively we have repurchased $1.5 billion since 2023 Our issuer credit rating was upgraded by Moody's from Baa2 to Baa1 reflecting confidence in ou
The Board of Directors of Constellation Energy Corporation (NASDAQ:CEG) 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. About Constellation A Fortune 200 company headquartered in Baltimore, Constellation Energy Corporation (NASDAQ:CEG) is the nation's largest producer of clean, carbon-free energy and a leading supplier of energy products and services to businesses, homes, community aggregations and public sector customers across the continental United States, including three fourths of Fortune 100 companies. With annual output that is nearly
Earnings Release Highlights GAAP Net Income of $3.82 per share and Adjusted (non-GAAP) Operating Earnings of $2.74 per share for the third quarter of 2024 Raising midpoint and narrowing full-year 2024 Adjusted (non-GAAP) Operating Earnings guidance range to $8.00 – $8.40 per share Announced the signing of a 20-year power purchase agreement with Microsoft that will support the launch of the Crane Clean Energy Center Constellation Energy Corporation (NASDAQ:CEG) today reported its financial results for the third quarter of 2024. "The importance of AI and the data economy to America's economic competitiveness and national security can't be overstated, and Constellation will do our par
The Board of Directors of Constellation Energy Corporation (NASDAQ:CEG) declared a quarterly dividend of $0.3525 per share on Constellation's common stock. The dividend is payable on Dec. 6, 2024, to shareholders of record as of 5 p.m. Eastern time on Nov. 15, 2024. About Constellation A Fortune 200 company headquartered in Baltimore, Constellation Energy Corporation (NASDAQ:CEG) is the nation's largest producer of clean, emissions-free energy and a leading supplier of energy products and services to businesses, homes, community aggregations and public sector customers across the continental United States, including three fourths of Fortune 100 companies. With annual output that is nearly
Earnings Release Highlights GAAP Net Income of $2.58 per share and Adjusted (non-GAAP) Operating Earnings of $1.68 per share for the second quarter of 2024 Raising full-year 2024 Adjusted (non-GAAP) Operating Earnings guidance range to $7.60-$8.40 per share Delivering on our commitment to shareholders, repurchased approximately $500 million of our common stock in the second quarter; cumulatively we have repurchased $2.0 billion since 2023 Released our 2024 Sustainability Report and hosted our second annual Youth Energy Summit, providing students a weeklong STEM educational experience Earned 2024 Great Place to Work® certification for the second year in a row Constellation
The Board of Directors of Constellation Energy Corporation (NASDAQ:CEG) 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 of 5 p.m. Eastern time on Aug. 12, 2024. About Constellation A Fortune 200 company headquartered in Baltimore, Constellation Energy Corporation (NASDAQ:CEG) is the nation's largest producer of clean, carbon-free energy and a leading supplier of energy products and services to businesses, homes, community aggregations and public sector customers across the continental United States, including three fourths of Fortune 100 companies. With annual output that is nearly
Earnings Release Highlights GAAP Net Income of $2.78 per share and Adjusted (non-GAAP) Operating Earnings of $1.82 per share for the first quarter of 2024 Affirming full-year 2024 Adjusted (non-GAAP) Operating Earnings guidance range of $7.23 - $8.03 per share Delivering on our commitment to shareholders: In April 2024, authorized an additional $1 billion of authority to repurchase shares under our previously announced share repurchase program Deployed more than $500 million for the repurchase of shares in the first quarter; cumulatively we have repurchased $1.5 billion since 2023 Our issuer credit rating was upgraded by Moody's from Baa2 to Baa1 reflecting confidence in ou
The Board of Directors of Constellation Energy Corporation (NASDAQ:CEG) 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. About Constellation A Fortune 200 company headquartered in Baltimore, Constellation Energy Corporation (NASDAQ:CEG) is the nation's largest producer of clean, carbon-free energy and a leading supplier of energy products and services to businesses, homes, community aggregations and public sector customers across the continental United States, including three fourths of Fortune 100 companies. With annual output that is nearly
Extending the life of this nuclear plant in northern Illinois will generate reliable, carbon-free electricity to help clean-up dirtier industries and power the growing data economy Constellation, the nation's largest producer of reliable, carbon-free energy, has filed a subsequent license renewal application with the Nuclear Regulatory Commission (NRC) for its Dresden Clean Energy Center in Morris, Ill., another in a series of investments the company is making to add clean, firm energy to the grid, help address the climate crisis and support the regional economy. The facility's license was first renewed by the NRC in 2004. This press release features multimedia. View the full release her
Company's long-term outlook improves with nuclear production tax credit and market recognition that nuclear energy is essential to clean energy transition Constellation's credit rating has been upgraded by the credit rating firm Moody's Investor Services ("Moody's") based on the company's improved debt coverage metrics and strong financial performance driven by climate policies that recognize the value of nuclear as a reliable clean energy resource. Moody's raised Constellation's rating to Baa1 from Baa2 and assigned a stable outlook, which reflects confidence in the company's ability to maintain its credit metrics and financial performance going forward. The largest producer of carbon-fr
Earnings Release Highlights GAAP Net Loss of ($36) million and Adjusted EBITDA (non-GAAP) of $1,137 million for the fourth quarter of 2023. GAAP Net Income of $1,623 million and Adjusted EBITDA (non-GAAP) of $4,025 million for the full year 2023, exceeding the top end of our guidance range of $3,800 million to $4,000 million Delivered on our commitments to shareholders: Expanded the nation's largest, highly reliable, carbon-free nuclear fleet by acquiring a partial ownership stake in the South Texas Project Nuclear Generating Station Completed our initial $1 billion of share repurchases and authorized an additional $1 billion in continuation of the program, reinforcing our commit
Initiating full-year Adjusted (Non-GAAP) Operating Earnings per share guidance of $7.23 to $8.03 Nuclear PTC provides earnings visibility and platform for growth Announcing 25% dividend per share growth, exceeding 10% annual dividend growth target Started next $1 billion in share repurchases Targeting long-term base EPS growth of at least 10% through the decade Marking the start of its third year as an independent company, Constellation, the nation's largest producer of carbon-free energy, will host a virtual investor and analyst event via webcast today to lay out a forecast for earnings growth based on the strength of its industry-leading commercial business and market
Former McCormick & Company senior executive brings extensive leadership, growth and strategic expertise to the board Constellation announced today 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 products to the food industry. Prior to her retirement in 2021, Rimmer drove industry-leading growth as a member of McCormick's six-person executive team. "Nneka has delivered strategic expertise, transformational leadership, and successful business outcomes
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JP Morgan initiated coverage of Constellation Energy with a rating of Overweight and set a new price target of $342.00
Citigroup initiated coverage of Constellation Energy with a rating of Neutral and set a new price target of $284.00
Jefferies initiated coverage of Constellation Energy with a rating of Hold and set a new price target of $186.00
Barclays initiated coverage of Constellation Energy with a rating of Overweight and set a new price target of $211.00
Argus initiated coverage of Constellation Energy with a rating of Buy and set a new price target of $240.00
KeyBanc Capital Markets upgraded Constellation Energy from Sector Weight to Overweight and set a new price target of $190.00
Seaport Research Partners downgraded Constellation Energy from Buy to Neutral
KeyBanc Capital Markets downgraded Constellation Energy from Overweight to Sector Weight
Credit Suisse downgraded Constellation Energy from Outperform to Neutral and set a new price target of $83.00 from $91.00 previously
BofA Securities downgraded Constellation Energy from Buy to Neutral and set a new price target of $88.00 from $104.00 previously