Sector:UtilitiesAll sectors

Last updated5 hours ago

CEG·Constellation Energy Corporation

(%)

Overnight (%)

High

$275.61

Open

$271.59

Market Cap

98.72B

52W High

$412.70

Low

$269.53

P. Close

$273.43

P/E

28.49

52W Low

$228.63

Fwd P/E

20.53

DailyIQ Est.

$362.59

Inst. Ownership

41.1%

Short Interest

2.89%

Technical Score (1D)

BUY

News Sentiment

BULLISH

Morgan Stanley has trimmed its price target for Constellation Energy (CEG) from $366 to $364, a modest downward adjustment that still preserves an overweight rating. The cut reflects a slight reassessment of the company’s valuation, yet the brokerage maintains confidence in CEG’s long‑term growth prospects. Because the mean consensus target remains near $349, the market view has not shifted dramatically, but the new target signals a tighter margin for upside in the short term. Over the next 1–10 trading days, traders should watch for any earnings releases that could confirm or challenge this revised valuation, as CEG’s guidance will be closely scrutinized. Additionally, any changes in renewable‑energy policy or federal incentives could quickly alter the company’s outlook, given its heavy reliance on clean‑energy projects. The slight target reduction may also influence short‑term supply and demand dynamics, potentially tightening the bid‑ask spread. Keep an eye on the upcoming earnings call for guidance on project pipeline and cost control, which will be key to validating the new target. Finally, monitor broader market sentiment toward the utilities sector, as shifts in interest rates or energy prices could amplify CEG’s valuation swings.

CEG|Company Info

Sector

Utilities

Industry

Utilities - Independent Power Producers

Exchange

NMS

Country

United States

Website

constellationenergy.com

Symbol

CEG

Description

Constellation Energy Corporation is a U.S.-based energy provider focused on supplying electricity, natural gas, and sustainable energy solutions to a diverse customer base. The company's operations span across several key regions, including the Mid-Atlantic, Midwest, New York, ERCOT, and other power markets. Constellation Energy's value proposition lies in its substantial generating capacity, totaling approximately 31,676 megawatts, derived from a varied portfolio of nuclear, wind, solar, natural gas, and hydroelectric assets. Serving a broad clientele encompassing distribution utilities, municipalities, and commercial entities, the company is well-positioned to meet the evolving energy needs of its customers. Incorporated in 2021 and headquartered in Baltimore, Maryland, Constellation Energy aims to be a key player in the energy sector.

CEG|Earnings Snapshot

Earnings Summary

Constellation Energy Corporation is a U.S.-based independent power producer that supplies electricity, natural gas, and sustainable energy solutions across key regions such as the Mid‑Atlantic, Midwest, New York, and ERCOT, leveraging a diversified portfolio of nuclear, wind, solar, natural gas, and hydroelectric assets. The company’s substantial generating capacity of roughly 31,676 MW positions it within the utilities sector, where stable demand and long‑term power purchase agreements (PPAs) are critical drivers of performance. In the most recent quarter, Q4 2025, Constellation reported earnings per share of $2.30 versus an estimate of $2.26, while revenue rose to $6.074 billion against a forecast of $5.352 billion, marking a 13.4% revenue increase from Q4 2024’s $5.382 billion and a 12.6% YoY jump; the company also beat estimates in three of the last four quarters, with EPS exceeding guidance in Q4 2025, Q2 2025, and Q1 2026. Historically, the firm has shown a consistent upward trajectory in revenue, growing at a compound annual rate of roughly 8% over the past five years, while EPS has fluctuated, with notable misses in Q1 2025 (EPS $2.14 vs. $2.21 estimate) but strong beats in Q2 2025 and Q3 2025. This pattern indicates that while revenue growth remains robust, earnings can be sensitive to cost pressures and contract mix. Recent news highlights a sharp uptick in nuclear PPAs, lifting adjusted operating earnings to $2.55 per share and supporting a raised 2026 earnings guidance of $11.50‑$12.50 per share; analysts have responded with mixed price target adjustments, reflecting both optimism about contract pipeline and caution over rising costs. Investors should watch the next earnings release for confirmation of the updated guidance, any new contract wins, and potential regulatory approvals, particularly for the Crane Clean Energy Center restart, as these factors will be key to validating the company’s revenue and margin outlook.

Read full report

EPS

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$3.79	-	-
Q2'26	$2.45	$2.55	+4.3%
Q1'26	$2.53	$2.74	+8.5%
Q4'25	$2.26	$2.30	+2.0%
Q3'25	$3.12	$3.04	-2.6%
Q2'25	$1.83	$1.91	+4.2%

Revenue

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$9.7B	-	-
Q2'26	$8.0B	$7.5B	-6.6%
Q1'26	$8.8B	$11.1B	+26.3%
Q4'25	$5.4B	$6.1B	+13.5%
Q3'25	-	$6.6B	-
Q2'25	-	$6.1B	-

Full Earnings BreakdownEstimates, actuals, guidance, and historical context

→

Market Data

CEG Stock Snapshot

CEG is currently trading at $273.62, giving Constellation Energy Corporation a market cap of 98.72B and a P/E ratio of 28.5. Today's range spans $269.53–$275.61, with shares opening at $271.59 and moving up $0.19 (0.1%) from the prior close. DailyIQ's technical score sits at 64/100 (HOLD) with a news sentiment reading of 57/100.

Over the past year CEG has traded between $228.63 and $412.70 - the current price is +19.7% off the 52-week low and -33.7% from the high. 31 analysts cover the stock with a Buy consensus and a mean 12-month target of $347.40 (range $290.00–$441.00), implying upside of +27.0%.

Constellation Energy Corporation (CEG) is a large-cap in Utilities with 98.72B in market cap, currently sitting on a HOLD signal at 64/100. Price: $273.62 (in the lower half of its 52-week range). Sentiment: neutral at 57/100. The current P/E ratio stands at 28.5. The 52-week range of $228.63–$412.70 is the structural anchor, and the current neutral phase is the market's way of asking for more information before committing to a direction.

In neutral phases, large-cap Utilities names like CEG are often where sector rotation debates play out quietly, at 98.72B in capitalization, the stock receives incremental allocation from funds reducing mega-cap exposure without the volatility of a small-cap entry. The 64/100 (HOLD) and neutral sentiment (57/100) at $273.62 (in the lower half of its 52-week range) describe a stock that is being considered rather than avoided.

CEG Competitive Positioning

Constellation Energy Corporation (CEG) is tracked alongside these names in Utilities - Independent Power Producers on DailyIQ.

AEE - Ameren Corporation
AEP - American Electric Power Company, Inc.
AES - The AES Corporation
AM - Antero Midstream Corporation
ATO - Atmos Energy Corporation

News Sentiment Analysis

Sentiment gathered from recent headlines

57/100

Strong NegativeNeutralStrong Positive

MODERATELY BULLISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles

What did this article say?

Morgan Stanley analyst David Arcaro maintains an Overweight rating on Constellation Energy (NASDAQ:CEG) while trimming the price target from $366 to $364. The downgrade reflects a modest reassessment of growth prospects amid rising costs and competitive pressures. The rating suggests continued confidence in CEG’s fundamentals, but the lower target signals a more cautious outlook for near‑term upside.

What did this article say?

Morgan Stanley has reduced its price target for Constellation Energy (CEG) from $366 to $364 while keeping an overweight rating. The brokerage notes CEG’s average rating remains a buy with a mean target of $348.95. The adjustment reflects a modest reassessment of the company’s valuation but signals continued confidence in its growth prospects. Traders should monitor upcoming earnings releases and any changes in renewable energy policy that could impact CEG’s valuation.

What did this article say?

Constellation Energy (CEG) has recently traded near $274, a third below its all‑time high of $412.70. Analysts project a 13% compound annual growth rate to reclaim that peak by the end of 2029, driven by robust earnings momentum and a clear growth trajectory outlined for the decade. The company’s non‑GAAP operating earnings per share are rising sharply, supporting the forecasted upside. Investors should monitor quarterly earnings releases and any guidance updates that could confirm or adjust the projected trajectory.

What did this article say?

Constellation Energy reported a sharp increase in nuclear power purchase agreements, driving adjusted operating earnings to $2.55 per share for Q2 2026. The uptick reflects stronger demand for nuclear capacity and improved contract terms. Earnings growth supports the company’s long‑term revenue outlook and may influence future guidance. Investors should watch for updates on PPA volumes and any changes to operating margin assumptions. The company’s focus on nuclear assets positions it well amid a stable demand environment.

What did this article say?

Argus Research has upgraded Constellation Energy to a strong buy, citing increased AI-driven power demand that is expected to secure additional nuclear contracts. The company’s earnings per share are bolstered by Calpine’s share buybacks, which have lifted EPS in recent quarters. With a higher guidance outlook, Constellation is positioned to benefit from the growing demand for reliable nuclear power amid supply constraints. Investors should watch the upcoming earnings report for confirmation of guidance and any updates on new contract wins. Additionally, regulatory approvals for new nuclear projects could further enhance the company’s growth prospects.

What did this article say?

Argus Research maintains a Buy rating on CEG but lowered its price target from $350 to $325. The downgrade reflects concerns about the company’s ability to sustain growth amid rising costs. The rating remains unchanged, indicating a continued belief in the company’s fundamentals. This adjustment may influence short‑term valuation expectations.

What did this article say?

Constellation Energy announced the signing of 920 megawatts of new power contracts, including a Walmart power purchase agreement, and reported progress on a Microsoft deal. The additional capacity is expected to enhance revenue streams and support long‑term growth. Traders should assess the impact on earnings guidance and the timing of the new contracts.

What did this article say?

Mizuho Securities lowered its price target for Constellation Energy from $310 to $290, reflecting concerns about earnings pressure and market conditions. The downgrade signals a shift toward a more cautious outlook for the company. Traders should watch for subsequent analyst revisions and CEG's earnings releases for confirmation.

What did this article say?

BMO Capital has increased its price target for Constellation Energy (CEG) to $379, up from $376, reflecting a more optimistic earnings outlook. The upgrade comes after the company’s latest guidance indicated stronger revenue growth from its renewable energy portfolio and improved operating margins. Investors should watch for the upcoming earnings release to confirm the projected revenue lift and assess the impact of any new regulatory incentives on the company’s cost structure.

What did this article say?

Constellation Energy (CEG) has lagged behind the broader market over the past year, yet analysts continue to view the stock favorably. The bullish stance is rooted in the company’s solid fundamentals and its expanding renewable energy portfolio. Investors should watch how CEG’s earnings and renewable contract pipeline evolve, as these factors could drive future upside.