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

Wall Street surged with the S&P 500, Dow Jones, and Nasdaq 100 reaching new highs due to a pullback in oil prices and no escalation in the Middle East. The SPDR S&P 500 ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), and Invesco QQQ Trust (QQQ) saw gains. Cruise lines like Norwegian Cruise Line Holdings (NCLH) and Carnival Corporation (CCL) were top performers, while utilities lagged. The Federal Reserve's rate cut debate added to market dynamics.

Portfolio Pulse from Piero Cingari

October 09, 2024 | 8:36 pm

The S&P 500 reached a new all-time high, driven by declining oil prices and anticipation of the Federal Reserve's meeting minutes. Cruise line stocks surged due to lower oil prices, while Alphabet faced potential asset divestiture. Pfizer rose after a significant investment by Starboard Value.

Portfolio Pulse from Piero Cingari

October 09, 2024 | 4:03 pm

Constellation Energy Corp (NASDAQ:CEG) has seen a 60% stock increase in a month, driven by clean energy initiatives and a major partnership with Microsoft. The deal involves restarting the Three Mile Island Unit 1 nuclear plant, adding 800 megawatts of carbon-free energy. CEG's stock is in a bullish trend but is in overbought territory, suggesting potential corrections.

Portfolio Pulse from Surbhi Jain

October 07, 2024 | 4:09 pm

Constellation Energy (NYSE:CEG) has seen an 8.76% increase in its short percent of float, now at 2.36% of available shares. This indicates a bearish sentiment compared to its peers, whose average short interest is 2.18%.

Portfolio Pulse from Benzinga Insights

October 04, 2024 | 1:45 pm

Vistra Corp. and Constellation Energy shares rose after RBC Capital raised their price targets due to increased energy demand for AI infrastructure. Vistra was the top performer in the S&P 500, with a 243% increase in 2024, while Constellation Energy rose 137% year-to-date.

Portfolio Pulse from Erica Kollmann

October 03, 2024 | 9:36 pm

Constellation Energy's shares are trading higher following RBC Capital's decision to maintain a Sector Perform rating and raise the price target from $214 to $272.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 3:44 pm

RBC Capital analyst Shelby Tucker maintains a Sector Perform rating on Constellation Energy (NASDAQ:CEG) and raises the price target from $214 to $272.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 2:14 pm

Constellation Brands reported strong earnings, beating analyst expectations, leading to a 1% rise in pre-market trading. Other stocks like AMTD Digital, EVgo, and Constellation Energy also saw gains in pre-market trading.

Portfolio Pulse from Avi Kapoor

October 03, 2024 | 12:32 pm

Nvidia CEO Jensen Huang endorses nuclear energy to meet AI's growing electricity demands. This aligns with Microsoft's reopening of the Three Mile Island nuclear station. Stocks like Constellation Energy, NuScale Power, and Centrus Energy could benefit from this nuclear renaissance.

Portfolio Pulse from Surbhi Jain

October 01, 2024 | 1:46 pm

Utilities are outperforming the S&P 500, driven by AI adoption. Vistra Corp and Constellation Energy are leading the charge with significant stock gains, leveraging nuclear energy for AI data centers. Utilities are becoming a growth story, with ETFs like UTES benefiting from this trend.

Portfolio Pulse from Surbhi Jain

September 30, 2024 | 7:41 pm

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