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

213.83

Mkt cap

68B

Volume

3.6M

High

217.50

P/E Ratio

18.22

52-wk high

352.00

Low

209.03

Div yield

0.01

52-wk low

155.60

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

Google has signed an agreement for nuclear power in AI data centers, impacting stocks like Alphabet and nuclear companies. Israeli restraint on Iran affects gold, oil, and stocks. Earnings reports from major companies like Bank of America and Goldman Sachs show better-than-expected results, while Johnson & Johnson and UnitedHealth Group face challenges.

Portfolio Pulse from The Arora Report

October 15, 2024 | 4:21 pm

Top Wall Street analysts initiated coverage on several companies, including DHT Holdings, Synopsys, LeMaitre Vascular, MarineMax, and Constellation Energy. Notable ratings include Buy for DHT, Synopsys, and MarineMax, while LeMaitre Vascular and Constellation Energy received Neutral ratings.

Portfolio Pulse from Avi Kapoor

October 15, 2024 | 1:34 pm

Citigroup has initiated coverage on Constellation Energy with a Neutral rating and set a price target of $284.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:24 pm

Constellation Energy (NASDAQ:CEG) has seen unusual options activity with a bearish sentiment. Despite a 1.63% price increase to $270.57, analysts have mixed ratings, with price targets ranging from $214 to $300. The stock may be overbought, and earnings are expected in 21 days.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 8:00 pm

The S&P 500 bull market has reached a two-year milestone, driven by a resilient economy and corporate earnings, with significant contributions from technology and AI advancements. Nvidia, Super Micro Computer, and Vistra are among the top performers.

Portfolio Pulse from Piero Cingari

October 14, 2024 | 2:32 pm

Investors are taking a bearish stance on Constellation Energy (NASDAQ:CEG) with significant options activity. The sentiment is 60% bearish, with a focus on a price range of $200-$260. Analysts have mixed ratings, with target prices ranging from $256 to $313.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 5:01 pm

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