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

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

Wall Street's most accurate analysts have made recent stock picks, including a Buy rating on Meta Platforms with an 11% upside, a downgrade on Microchip Technology with a 1% downside, a downgrade on Tecnoglass with a slight upside, a Market Outperform on HCI Group with a 35% surge, and an Overweight on Constellation Energy with a 3% upside.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 11:24 am

Top Wall Street analysts have updated their price targets and ratings for several companies, including Zeta Global, Accenture, CarMax, Cadence Bank, Oracle, U.S. Bancorp, Walmart, Constellation Energy, Robinhood, and Roku. Notably, Robinhood saw a significant price target increase from Deutsche Bank, suggesting a potential rally.

Portfolio Pulse from Avi Kapoor

September 30, 2024 | 11:24 am

Keybanc analyst Sangita Jain maintains an Overweight rating on Constellation Energy and raises the price target from $265 to $279.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:11 am

Vistra Corp. (NYSE:VST) shares have surged over 25% in the past five days, driven by a positive market reaction to Constellation Energy's power purchase agreement with Microsoft. Analysts have raised their price targets for Vistra, contributing to the stock's upward momentum.

Portfolio Pulse from Erica Kollmann

September 25, 2024 | 6:37 pm

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