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 |
---|---|---|---|
12/12/2024 | $237.00 → $269.00 | Neutral → Buy | BofA Securities |
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 |
8-K - Constellation Energy Corp (0001868275) (Filer)
8-K - Constellation Energy Corp (0001868275) (Filer)
11-K/A - Constellation Energy Corp (0001868275) (Filer)
8-K - Constellation Energy Corp (0001868275) (Filer)
10-Q - Constellation Energy Corp (0001868275) (Filer)
8-K - Constellation Energy Corp (0001868275) (Filer)
8-K - Constellation Energy Corp (0001868275) (Filer)
10-Q - Constellation Energy Corp (0001868275) (Filer)
8-K - Constellation Energy Corp (0001868275) (Filer)
8-K - Constellation Energy Corp (0001868275) (Filer)
4 - Constellation Energy Corp (0001868275) (Issuer)
BofA Securities upgraded Constellation Energy from Neutral to Buy and set a new price target of $269.00 from $237.00 previously
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
Oppenheimer and Paterson bring financial, operational expertise and tech insights as Brlas retires with legacy of successful leadership Constellation (NASDAQ:CEG), the nation's largest producer of reliable, emissions-free energy, announced today 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 Dec. 31. Oppenheimer and Paterson will join the board effective December 16, 2024. "Peter and Eileen bring a combination of strong financial acuity, operational experience and business leadership expertise that will help guide Constellation through t
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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4 - Constellation Energy Corp (0001868275) (Issuer)
4 - Constellation Energy Corp (0001868275) (Issuer)
4 - Constellation Energy Corp (0001868275) (Issuer)
4 - Constellation Energy Corp (0001868275) (Issuer)
4 - Constellation Energy Corp (0001868275) (Issuer)
4 - Constellation Energy Corp (0001868275) (Issuer)
4 - Constellation Energy Corp (0001868275) (Issuer)
4 - Constellation Energy Corp (0001868275) (Issuer)
4 - Constellation Energy Corp (0001868275) (Issuer)
4 - Constellation Energy Corp (0001868275) (Issuer)
Constellation to Acquire Calpine in Stock and Cash Joins Best-in-Class Customer Platforms, Providing Opportunities to Better Serve Customers with a Broader Array of Energy and Sustainability Products Combines Nation's Premier Nuclear, Natural Gas and Geothermal Fleets to Create Cleanest and Most Reliable Energy Producer, with Coast-to-Coast Presence Immediately and Highly Accretive to Constellation's EPS and Cash Flow with Value Creation for Constellation Owners Ownership Commitment from Calpine's Owners, led by Energy Capital Partners (ECP), Who Will Receive Stock in the Pro Forma Company as Consideration Constellation to Host Conference Call and Webcast Today at 8:30 a.m. Easter
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
In her 2025 State of the State address, Governor Hochul calls for a master plan for responsible advanced nuclear development in New York Constellation (NASDAQ:CEG), the nation's largest producer of clean energy, 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 on
Constellation to Acquire Calpine in Stock and Cash Joins Best-in-Class Customer Platforms, Providing Opportunities to Better Serve Customers with a Broader Array of Energy and Sustainability Products Combines Nation's Premier Nuclear, Natural Gas and Geothermal Fleets to Create Cleanest and Most Reliable Energy Producer, with Coast-to-Coast Presence Immediately and Highly Accretive to Constellation's EPS and Cash Flow with Value Creation for Constellation Owners Ownership Commitment from Calpine's Owners, led by Energy Capital Partners (ECP), Who Will Receive Stock in the Pro Forma Company as Consideration Constellation to Host Conference Call and Webcast Today at 8:30 a.m. Easter
Constellation (NASDAQ:CEG), the largest producer of carbon-free energy in the U.S., provides the following statement about the U.S. Treasury Department's reversal of its prior decision to prohibit existing nuclear plants powering clean hydrogen production from qualifying for federal tax credits under Section 45V of the Inflation Reduction Act. "We are pleased to see that the U.S. Treasury Department has changed course and that the final rule allows a significant portion of the existing merchant nuclear fleet to earn credits for hydrogen production. Our customers need access to reliable nuclear energy in order to transition to clean hydrogen and other sustainable technologies as they relia
Nation's largest producer of emissions-free, reliable energy will supply electricity from nuclear energy and other sources while delivering energy efficiency solutions Constellation (NASDAQ:CEG), the nation's largest producer of clean, emissions-free, reliable energy, has been awarded more than $1 billion in combined contracts by the U.S. General Services Administration (GSA) to supply power to more than 13 government agencies and perform energy savings and conservation measures at five GSA-owned facilities in the National Capital Region. Constellation's retail subsidiaries will provide the services to the GSA. Under a 10-year, $840 million contract, the largest in GSA history, Constell
As public support for nuclear power grows, Washington, D.C. residents can show their pride in going nuclear as part of the pilot market for the new program Constellation Energy Corporation (NASDAQ:CEG), the nation's largest producer of carbon-free energy, today 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 i
Oppenheimer and Paterson bring financial, operational expertise and tech insights as Brlas retires with legacy of successful leadership Constellation (NASDAQ:CEG), the nation's largest producer of reliable, emissions-free energy, announced today 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 Dec. 31. Oppenheimer and Paterson will join the board effective December 16, 2024. "Peter and Eileen bring a combination of strong financial acuity, operational experience and business leadership expertise that will help guide Constellation through t
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