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

The CNBC Final Trades segment highlighted four investment picks: Samsara, Constellation Energy, Aptiv, and the iShares India 50 ETF. These selections suggest a focus on technology, energy, automotive, and emerging markets.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 5:00 pm

U.S. stocks showed mixed performance with notable movements in specific companies. Battalion Oil surged 120% after amending its merger agreement with Fury Resources. Lennar Corporation reported strong Q3 results. FedEx fell 15% due to weak Q1 results and lowered guidance.

Portfolio Pulse from Avi Kapoor

September 20, 2024 | 4:39 pm

Cameco Corporation (NASDAQ:CCJ) stock is rising, likely in sympathy with Constellation Energy Corporation (NASDAQ:CEG), which signed a 20-year power purchase agreement with Microsoft (NASDAQ:MSFT) to restart the Three Mile Island Unit 1 nuclear plant. This project will add 835 megawatts of carbon-free energy to the grid.

Portfolio Pulse from Dylan Berman

September 20, 2024 | 3:38 pm

On Friday, Constellation Energy's stock surged 13.4% after announcing a 20-year power purchase agreement with Microsoft. Other stocks like NANO Nuclear Energy, Oklo, and Nike also saw significant gains. Nike's rise followed the announcement of a new CEO, while Sinclair increased its revenue estimates.

Portfolio Pulse from Avi Kapoor

September 20, 2024 | 3:12 pm

The article discusses the potential market volatility following September's triple witching, where significant options contracts expire, potentially leading to unusual market activity. Historical data suggests a challenging week ahead for traders, with the S&P 500 often experiencing declines post-witching. The Volatility Index (VIX) is currently low, presenting a potential opportunity for options traders. Goldman Sachs recommends hedging with VIX calls. The article also lists top gainers and laggards in the S&P 500 after Friday's market open.

Portfolio Pulse from Piero Cingari

September 20, 2024 | 2:51 pm

The article discusses the revival of nuclear power driven by AI's energy demands, highlighting Constellation Energy Corp's (CEG) role in this trend. Microsoft (MSFT) is signing a power purchase agreement with CEG, which plans to restart Three Mile Island Unit 1. The article also mentions the impact of quad witching on the stock market and provides insights into money flows in major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

September 20, 2024 | 2:29 pm

FedEx shares fell after Q1 earnings, while Constellation Energy rose due to a deal with Microsoft. The lockup period for Trump Media & Technology Group expired.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 2:21 pm

Microsoft has signed a 20-year power purchase agreement with Constellation Energy to source carbon-free energy for its data centers, leading to the launch of the Crane Clean Energy Center and the restart of Three Mile Island Unit 1. This initiative supports Microsoft's sustainability goals and is expected to create 3,400 jobs in Pennsylvania.

Portfolio Pulse from Lekha Gupta

September 20, 2024 | 1:07 pm

Constellation Energy's shares rose following the announcement of a 20-year power purchase agreement with Microsoft.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 11:32 am

Constellation Energy's shares are trading lower following the announcement of a 20-year power purchase agreement with Microsoft.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 11:31 am

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