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

Constellation Energy has raised its FY24 adjusted EPS guidance to a range of $7.60-$8.40, up from the previous range of $7.23-$8.03, surpassing the estimated $7.81.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 10:58 am

Constellation Energy (NASDAQ:CEG) reported Q2 2024 adjusted EPS of $1.68, missing the analyst estimate of $1.72. Sales were $5.475 billion, also missing the estimate of $5.550 billion. Sales increased by 0.53% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 10:49 am

Constellation Energy Corporation shares are trading higher today following the release of results from the annual power market auction by PJM Interconnection.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:18 pm

Vistra Corp. (NYSE:VST) and Constellation Energy Corporation (NASDAQ:CEG) shares are trading higher following the release of PJM Interconnection's annual power market auction results, which showed a significant increase in capacity prices. Additionally, Vistra received approval to extend the operation of its Comanche Peak Nuclear Power Plant through 2053.

Portfolio Pulse from Lekha Gupta

July 31, 2024 | 5:48 pm

U.S. stocks saw significant gains on Wednesday, with the Dow Jones index rising over 200 points. Match Group, Inc. (NASDAQ:MTCH) led the surge with a 15% increase following better-than-expected Q2 revenue and strong Q3 guidance. Other notable gainers included Powell Industries, Inc. (NASDAQ:POWL), Stardust Power Inc. (NASDAQ:SDST), Modine Manufacturing Company (NYSE:MOD), and several others, all reporting better-than-expected financial results.

Portfolio Pulse from Avi Kapoor

July 31, 2024 | 5:05 pm

Jim Cramer discussed several stocks on CNBC's 'Mad Money Lightning Round,' recommending holding Constellation Energy (CEG) and buying Bank of America (BAC). He advised against Illumina (ILMN) but favored Danaher (DHR). Cramer also commented on Meta Platforms (META), ICICI Bank (IBN), and Organon (OGN).

Portfolio Pulse from Avi Kapoor

July 30, 2024 | 12:48 pm

Benzinga's Stock Whisper Index highlights five stocks that are gaining interest among investors: Cheniere Energy (LNG), Chipotle Mexican Grill (CMG), Newmont Corporation (NEM), Constellation Energy Corporation (CEG), and Insight Enterprises (NSIT). These stocks are being monitored due to upcoming financial results, recent analyst activity, and sector-specific developments.

Portfolio Pulse from Chris Katje

July 19, 2024 | 6:54 pm

Jim Cramer discussed several companies on CNBC's 'Mad Money Lightning Round.' He mentioned Constellation Energy Corporation (NASDAQ:CEG) is under heavy pressure due to a market rotation. AeroVironment, Inc. (NASDAQ:AVAV) reported strong earnings but issued weak guidance. General Dynamics Corporation (NYSE:GD) is considered a great and not expensive stock. Forward Air Corporation (NASDAQ:FWRD) has new executive appointments.

Portfolio Pulse from Avi Kapoor

July 18, 2024 | 12:34 pm

Vistra Corp. (NYSE:VST) has outperformed Nvidia (NASDAQ:NVDA) and Super Micro Computer (NASDAQ:SMCI) in one-year returns, gaining over 250%. Despite this, Jim Cramer remains cautious about Vistra, labeling it a momentum stock. However, he acknowledges its potential due to the increasing power requirements of new data centers and its unique position with several nuclear power plants. Vistra's Q1 results showed a 50% YoY improvement in adjusted EBITDA, and analysts see an 18% upside potential.

Portfolio Pulse from Shanthi Rexaline

July 05, 2024 | 3:01 pm

Constellation Energy Corporation (NASDAQ:CEG) is in talks with Pennsylvania officials to potentially restart part of its Three Mile Island power facility. The company has completed an engineering study but has not yet decided on the restart due to various considerations. CEG shares are trading higher on this news. Investors can also gain exposure to CEG via EA Series Trust Strive FAANG 2.0 ETF (NYSE:FTWO) and Virtus Reaves Utilities ETF (NYSE:UTES).

Portfolio Pulse from Lekha Gupta

July 03, 2024 | 4:08 pm

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