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

Jim Cramer has identified several companies and sectors poised to benefit from the AI revolution, including NVIDIA, Caterpillar, Eaton Corporation, Vertiv Holdings, Salesforce, ServiceNow, Constellation Energy, and Enbridge. He emphasizes the importance of AI in driving market rallies and highlights the computing power required for AI as central to the re-industrial revolution. Cramer also mentions alternative AI investments like Dell Technologies, Advanced Micro Devices, and Cadence Design Systems, while cautioning against the hype around certain AI stocks like Super Micro Computer.

Portfolio Pulse from Benzinga Neuro

March 07, 2024 | 2:57 am

As of March 6, 2024, Vistra Corp. (VST) and Constellation Energy Corporation (CEG) in the utilities sector are considered overbought with RSI values of 92.47 and 83.66, respectively. Vistra announced FY23 results and a $1.5 billion share buyback program, while Constellation reported strong Q4 revenue. VST's stock rose 18% over five days, and CEG's stock increased 35% over the past month.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 12:09 pm

NIO Inc. reported a 6.5% year-over-year increase in fourth-quarter revenue, beating analysts' expectations, leading to a 3.6% rise in its shares. Other companies like Apogee Therapeutics, Dave Inc., and AeroVironment also saw significant stock gains following positive financial results or company announcements.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 3:56 pm

Constellation Energy's stock price increased following UBS's decision to maintain a Buy rating and raise its price target from $151 to $201.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 5:29 pm

UBS analyst Ross Fowler maintains a Buy rating on Constellation Energy (NASDAQ:CEG) and raises the price target from $151 to $201.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 4:32 pm

Market whales have shown a mixed sentiment on Constellation Energy (NASDAQ:CEG), with a bearish lean in recent options trades. Benzinga's options scanner revealed 13 significant trades, indicating a price target range of $150-$220 for CEG. The company, known for its clean energy solutions, has seen its stock price increase by 1.18% to $172. Industry analysts have set an average target price of $161.75, with varying ratings from Overweight to an upgraded Overweight by Keybanc with a target of $190.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 4:17 pm

The U.S. stock market's bull run continues, with the S&P 500 and Nasdaq 100 hitting record highs. The SPDR S&P 500 ETF Trust (SPY) surpassed $500 billion in assets, making it the world's largest ETF. Nvidia Corp (NVDA) reached a $2 trillion market cap, and Broadcom Inc. (AVGO) overtook Tesla Inc. (TSLA) in value. Other ETFs like iShares Core S&P 500 ETF (IVV) and Vanguard S&P 500 ETF (VOO) also saw significant assets under management.

Portfolio Pulse from Piero Cingari

March 01, 2024 | 9:05 pm

Constellation Energy (NYSE:CEG) has seen a 7.6% increase in short interest since its last report, with 5.17 million shares sold short, representing 1.84% of its float. This indicates a bearish sentiment among traders, although it's below the peer group average of 2.55% short interest. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 7:30 pm

In the first two months of 2024, Nvidia Corp. led S&P 500 stocks with a 60% gain, but other stocks also saw significant returns. The S&P 500 Equal Weight ETF (RSP) and SPDR S&P 500 ETF Trust (SPY) posted gains of 3% and 7%, respectively. Top performers included Constellation Energy, Meta Platforms, and Advanced Micro Devices, among others. Wall Street analysts see upside potential in stocks like Uber Technologies and Catalent. The VanEck Social Sentiment ETF (BUZZ) highlights stocks favored by social media, including Coinbase and MicroStrategy.

Portfolio Pulse from Piero Cingari

February 29, 2024 | 9:58 pm

Constellation Energy's stock (CEG) has seen an increase in its trading value following an upgrade by Keybanc from Sector Weight to Overweight, with a new price target set at $190.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:34 pm

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