Streetbeat News

CEG

Constellation Energy Corporation

Industry

Renewable Utilities

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.

Open

226.31

Mkt cap

72B

Volume

957K

High

233.12

P/E Ratio

25.58

52-wk high

288.75

Low

226.10

Div yield

0.01

52-wk low

109.44

The European Nuclear Alliance urges the EU to reconsider nuclear energy policies, highlighting its role in decarbonization. US tech giants like Amazon and Google are investing in nuclear power, while Constellation Energy plans to reopen a nuclear plant with Microsoft. The Biden administration supports nuclear energy, boosting related stocks and ETFs.

Portfolio Pulse from European Capital Insights

October 23, 2024 | 4:29 pm

Constellation Energy's short interest has decreased by 11.86%, with 5.72 million shares sold short, representing 2.08% of its float. This is below the peer group average of 2.16%. The decrease in short interest may indicate a more bullish sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 7:45 pm

Keybanc analyst Sangita Jain maintains an Overweight rating on Constellation Energy (NASDAQ:CEG) and raises the price target from $279 to $298.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 12:48 pm

Barclays analyst Nicholas Campanella maintains an Overweight rating on Constellation Energy and raises the price target from $280 to $282.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 12:46 pm

Nuclear energy stocks are gaining momentum as tech giants Google and Amazon announce nuclear power agreements to support AI data centers. Publicly traded companies like Oklo, NuScale Power, and Nano Nuclear Energy are seeing significant stock gains. Power producers like Constellation Energy and Vistra Corp are also benefiting, along with uranium producers Cameco and Centrus Energy.

Portfolio Pulse from Erica Kollmann

October 20, 2024 | 8:00 pm

Elon Musk supports nuclear energy, stating its dangers are overstated, as Google and Microsoft sign nuclear power deals for AI data centers. Constellation Energy plans to restart a nuclear facility, aligning with Musk's advocacy for nuclear power.

Portfolio Pulse from Erica Kollmann

October 20, 2024 | 7:48 pm

Constellation Energy (NASDAQ:CEG) has seen unusual options activity with a bearish sentiment from major investors. 52% of trades were bearish, with significant put options activity. The stock is currently trading at $270.12, down 0.4%, with an RSI indicating potential overbought conditions. Analysts have mixed ratings, with price targets ranging from $272 to $342.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 8:30 pm

Constellation Energy, Inc. (NASDAQ:CEG) experienced a significant trading signal, known as Power Inflow, indicating a potential uptrend. The stock rose over 2% following the alert, suggesting institutional interest. However, the stock's price later declined, highlighting the importance of risk management in trading.

Portfolio Pulse from Finit

October 18, 2024 | 4:48 pm

JPMorgan analyst Jeremy Tonet has initiated coverage on Constellation Energy Corp (NASDAQ:CEG) with an Overweight rating and a price target of $342, citing the company's unique position as the largest producer of carbon-free power in the U.S. and its significant growth potential. The stock has seen impressive growth, up 145% year to date. Tonet highlights structural tailwinds and the nuclear Production Tax Credit as key factors supporting Constellation's growth outlook.

Portfolio Pulse from Surbhi Jain

October 17, 2024 | 4:57 pm

JP Morgan has initiated coverage on Constellation Energy with an Overweight rating and set a price target of $342.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 1:15 pm

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