CEG
Constellation Energy Corporation

Constellation Energy CorporationCEG

Utilities · Utilities - Independent Power Producers
249.95USD
+4.30%
Nov 08, 2026
CEG overview ready
Dispatchable Nuclear-Centered Power Supply for Large Customers
Constellation owns and operates a large U.S. Generation fleet centered on nuclear power, supplemented by natural gas, geothermal, hydro, wind and solar assets following its Calpine acquisition, and contracts electricity and clean-energy attributes with commercial, industrial and large-load customers.
Primary theme is lagging
Nuclear / Uranium is lagging (-13.7pp vs SPY over 21 sessions; 2 of 14 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Fair valuation
The price broadly reflects the level and quality of its cash generation, with upside and risk reasonably balanced.
Low free cash flow yield
Free cash flow yield is weak.
Primary risk
Regulatory changes affecting nuclear and natural gas operations.
Market Nov 6Filing Jun 30Price action Nov 7Research Oct 6

Conviction Level

PriceAction3.4BusinessPerformance—BusinessQuality4.1Valuation6.2ThemeMomentum1.0This company's quarterly figures could not be reconciled to its filed statement totals, so no performance read is shown.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−13.7pp
Theme return
−18.6%
Beating SPY
2 of 14
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$88.6B
Avg Volume (60D)
3.8M
60 sessions
Revenue Growth YoY
+19.5%
FY2025 vs FY2024
Gross Margin
+17.4%
Trailing twelve months
Operating Margin
+18.5%
Trailing twelve months
Free Cash Flow Yield
+0.3%
Distance from 200DMA
-10.1%
Next Earnings
2026-11-09
P/E
25.6x
EV / EBITDA
13.0x
EV / Sales
4.3x
Market metrics as of Nov 6, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Business Performance

Insufficient evidence

This company's quarterly figures could not be reconciled to its filed statement totals, so no performance read is shown.

Business Quality

4.1 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Both valuation perspectives agree this company is fair.
Constellation Energy Corporation has a Fair valuation stance because the price broadly reflects the level and quality of its cash generation, with upside and risk reasonably balanced.

Company Research

Thesis
Constellation owns and operates a large U.S. Generation fleet centered on nuclear power, supplemented by natural gas, geothermal, hydro, wind and solar assets following its Calpine acquisition, and contracts electricity and clean-energy attributes with commercial, industrial and large-load customers.
Opportunity
High opportunity
Large power users are securing firm, long-duration electricity and capacity from owners of dispatchable generation as data-center and other large-load demand outpaces readily available grid supply.
Key risk
Regulatory changes affecting nuclear and natural gas operations.

Economic classification

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Business & Markets

Utilities · Utilities - Independent Power Producers
What they do

Constellation Energy Corporation owns and operates a diverse fleet of power generation assets across the U.S., producing and selling electricity, natural gas, and related energy products and services through regional segments.

How it earns

The company generates revenue primarily through long-term power contracts and transactional sales of electricity, natural gas, and clean energy attributes to a variety of customers.

Products & services
Electricity
Natural gas
Energy-related products
Sustainable energy solutions
Customers & end markets
Distribution utilities
Municipalities
Cooperatives
Commercial customers
Industrial customers
Public sector customers
Residential customers
Market position

Leader in U.S. Independent power production with a large, diversified generation fleet centered on nuclear power.

Demand drivers
Medium cyclicality

Demand and pricing are influenced by energy market conditions and regulatory environments but supported by long-term contracts.

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