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

High-rolling investors are showing significant interest in Constellation Energy (NASDAQ:CEG), with a mix of bullish and bearish sentiment. Benzinga's options scanner identified 10 options trades, with a focus on a price range between $190.0 and $240.0. The stock is currently up 5.24% at $210.76, and analysts have mixed ratings with target prices ranging from $218 to $249.

Portfolio Pulse from Benzinga Insights

July 01, 2024 | 2:01 pm

Tech giants, including Amazon, are considering nuclear power to meet the rising energy demands of AI, raising concerns about grid stability and environmental impact. Amazon Web Services is close to a deal with Constellation Energy, the largest U.S. nuclear power plant owner.

Portfolio Pulse from Benzinga Neuro

July 01, 2024 | 7:01 am

The S&P 500 Index has gained 14.48% this year, driven by expectations of Federal Reserve rate cuts, strong corporate earnings, and optimism over AI technology. The SPDR S&P 500 ETF Trust (SPY) ended the latest session down 0.39%. Analysts are optimistic about further gains, with Evercore ISI predicting the index will end the year at 6,000. The top performers include Super Micro Computer (SMCI), Nvidia (NVDA), and Vistra (VST), while laggards include Walgreens Boots Alliance (WBA) and Lululemon Athletica (LULU). Analysts expect underperformers to rebound if the Fed cuts rates in September.

Portfolio Pulse from Shanthi Rexaline

June 30, 2024 | 10:02 pm

Utility stocks have outperformed in 2024, with Vistra Corp. (VST) and Constellation Energy Corp. (CEG) delivering impressive returns of 123.03% and 79.92% YTD, respectively. The SPDR Select Sector Fund – Utilities (XLU) is up over 8% YTD. Other notable performers include NRG Energy (NRG), NextEra Energy Inc. (NEE), and Public Service Enterprise Group (PEG).

Portfolio Pulse from Surbhi Jain

June 28, 2024 | 1:16 pm

The rapid development of AI by big tech companies is causing significant environmental concerns, including increased energy and water consumption. Companies like Alphabet, Amazon, and Microsoft are driving up demand for data center power, which is straining energy providers like Dominion Energy. Coal and nuclear energy companies are seeing increased demand as a result. Microsoft is also working on a nuclear fusion generator to reduce AI-related carbon emissions by 2028.

Portfolio Pulse from Hayden Buckfire

June 25, 2024 | 7:55 pm

Deep-pocketed investors have shown unusual options activity for Constellation Energy (NASDAQ:CEG), with a mix of bullish and bearish sentiments. Significant options trades include both puts and calls, indicating a potential price window from $100 to $310. Analysts have mixed ratings, with target prices ranging from $218 to $249.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 5:01 pm

Morgan Stanley analyst David Arcaro maintains an Overweight rating on Constellation Energy (NASDAQ:CEG) and raises the price target from $237 to $241.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 2:46 pm

Constellation Energy (NYSE:CEG) has seen a 65.96% increase in its short percent of float, now at 2.34% of all regular shares. This indicates a rise in bearish sentiment among investors. However, its short interest is still below the peer group average of 2.37%.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 7:45 pm

Constellation Energy (CEG) shares are trading higher after UBS maintained a Buy rating and raised its price target from $227 to $249.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 3:42 pm

UBS analyst Ross Fowler maintains a Buy rating on Constellation Energy (NASDAQ:CEG) and raises the price target from $227 to $249.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:33 pm

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