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NASDAQ · US · Utilities - Independent Power Producers

CEG Constellation Energy

Largest US nuclear fleet; hyperscaler PPAs

Tight but sold off Its supply chain is tightening but the stock is below its 50-day average — price and fundamentals disagree. (automatic: supply-chain trend + price vs 50-day average)
Last close (delayed) · 2026-10-26
$253.6
+0.06% today
1W
−3.6%
1M
−3.7%
3M
−2.2%
YTD
−27.9%
1Y
−34.5%
Off 52w high
−36.5%
Next earnings (est.): 2026-11-09
Market cap$89.80B
P/E (trailing)24.8Forward 19.0
EV / sales3.7×EV/EBITDA 14.4×
Revenue (TTM)$31.27BGrowth 23.0% y/y
Margins22.1%gross · op 8.7%
Free cash flow-$6.63BCash $697M · debt $24.70B
Analyst target$338.1+33.3% upside · 23 analysts · buy
Riskβ 1.13Short 3.7% of float · yield 0.67%

Fundamentals from public market data, refreshed daily (2026-10-24 02:59 UTC). Figures in reporting currency.

CEG · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

8 events
  1. 8
    2026-08-06EarningsBeat / raise

    Reported EPS 2.55 vs 2.28 expected (+11.7% surprise).

  2. 7
    2026-05-11EarningsBeat / raise

    Reported EPS 2.74 vs 2.6 expected (+5.3% surprise).

  3. 6
    2026-02-24EarningsBeat / raise

    Reported EPS 2.3 vs 2.25 expected (+2.4% surprise).

  4. 5
    2025-11-07EarningsMiss / cut

    Reported EPS 3.04 vs 3.12 expected (-2.6% surprise).

  5. 4
    2025-08-07EarningsBeat / raise

    Reported EPS 1.91 vs 1.83 expected (+4.2% surprise).

  6. 3
    2025-05-06EarningsMiss / cut

    Reported EPS 2.14 vs 2.21 expected (-3.1% surprise).

  7. 2
    2025-02-18EarningsBeat / raise

    Reported EPS 2.44 vs 2.14 expected (+14.1% surprise).

  8. 1
    2024-11-04EarningsBeat / raise

    Reported EPS 2.74 vs 2.68 expected (+2.3% surprise).

Earnings history

EPS vs expectations
DateExpected EPSReported EPSSurprise
2026-08-062.282.55+11.7%
2026-05-112.62.74+5.3%
2026-02-242.252.3+2.4%
2025-11-073.123.04−2.6%
2025-08-071.831.91+4.2%
2025-05-062.212.14−3.1%
2025-02-182.142.44+14.1%
2024-11-042.682.74+2.3%
2024-08-061.691.68−0.4%
2024-05-091.291.82+41.4%
2024-02-272.021.51−25.1%
2023-11-061.671.99+19.2%
2023-08-030.781.45+85.9%
2023-05-040.950.39−59.1%
2023-02-160.270.17−36.3%
2022-11-080.770.54−30.5%
2022-08-040.641.66+158.1%
2022-05-121.011.81+80.3%
2022-02-251.191.19—

About Constellation Energy

Website ↗

Constellation Energy Corporation produces and sells energy products and services in the United States. The company operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. It offers electricity, natural gas, energy-related products, and sustainable solutions. The company has approximately 31,676 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. It serves distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers. The company was incorporated in 2021 and is headquartered in Baltimore, Maryland.

15,291 employees · Baltimore, United States

Hyperscalers buy electrons with duration. Existing reactors, uprates and restarts are the only large firm carbon-free supply available this decade.

Fuel→Reactor→PPA→Campus

What would prove us wrong. Weakens if hyperscaler PPAs stall and merchant power prices fall without demand growth.

Peers at the same bottleneck

Who else supplies this

StockRoleLast1D1MYTDTrend
VST
Vistra
Nuclear and gas fleet with data-centre offtake $142.9+1.96%+3.2%−11.0%
TLN
Talen Energy
Nuclear-adjacent campus power $340.7+3.90%+11.9%−9.1%
PEG
Public Service Enterprise Group
Nuclear fleet in PJM $72.18+0.23%+7.7%−7.8%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.