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

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

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

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