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Constellation Energy Corporation

CEG · NASDAQ

Market closed$252.39$0.620000 (+0.25%)After hours $252.99 · +0.24%

Key statistics

Previous close$251.77
Open$247.87
Day high$254.29
Day low$244.95
52-week high$412.70
52-week low$228.63
Market cap90.63B
Volume2.31M
Average volume3.67M
P/E ratio25.26
Forward P/E—
EPS9.99
Dividend yield+0.65%

Market context

Why it moved

Constellation Energy edged higher as its stock found support near a key technical level following a recent correction, buoyed by the company's strong nuclear generation fundamentals and its high-profile energy supply agreement with Microsoft tied to AI infrastructure demand.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Constellation Energy closed essentially flat amid a broad market pullback driven by escalating U.S.-Iran tensions and fading AI optimism, as investors digested a flurry of bullish analyst commentary. Bank of America Securities issued a Buy rating on July 17, adding to recent Buy reiterations from KeyBanc (price target $321) and Wells Fargo, with the average analyst target sitting near $358 — roughly 42% above current levels. The main catalyst in focus was Constellation Technology Ventures' inaugural SMR investment in Blue Energy, backing the startup's prefabricated BWRX-300 reactor model, reinforcing Constellation's strategic positioning in next-generation nuclear even as pure-play SMR names like Oklo slid sharply.

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July 17, 2026Constellation Energy shares declined amid a broader tech-driven market pullback, even as company-specific catalysts remained constructive. The company's venture arm announced a strategic equity investment in Blue Energy, a small modular reactor developer deploying GE Vernova Hitachi's BWRX-300 technology, marking Constellation Technology Ventures' first U.S. nuclear SMR investment. Separately, KeyBanc reiterated a Buy rating with a $321 price target, and the company's recent PJM capacity auction results — clearing 18,875 MW at $325/MW for 2028-29 — reinforced its dominant nuclear grid position. The session's decline contrasted sharply with peer Vistra (VST), which closed up over 1%, as the broader S&P 500 fell alongside chip and AI-infrastructure stocks. New York's moratorium on large data center permits added regulatory uncertainty to the AI power demand narrative, though analysts broadly view Constellation as a net beneficiary of grid tightening, with a $358 consensus price target implying over 40% upside.

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July 16, 2026Constellation Energy edged higher, outperforming the broader utilities sector (XLU), after filing an 8-K disclosing that all of its PJM power plants cleared the 2028-2029 capacity auction at $325/MW across all zones, securing 18,875 MW including 15,700 MW of nuclear generation. The auction results reinforce the company's revenue visibility heading into a period of rapidly rising grid demand, and come alongside continued investor focus on Constellation's role as a core AI and data center power supplier — anchored by the Crane Clean Energy Center restart on track for 2027, a 20-year PPA with Meta for 1.1 GW from its Clinton facility, and Wall Street's consensus Buy rating with a mean price target of ~$358, implying over 40% upside.

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July 15, 2026Constellation Energy closed modestly lower despite a significant after-hours catalyst: the company cleared 18,875 MW in the PJM capacity auction for the 2028-2029 planning year, a key result investors had been closely watching. The auction result, released after the close, helped lift shares over 1% in after-hours trading. During the regular session, Constellation edged down alongside a broader tech-led market selloff, even as analyst sentiment remains firmly bullish — Wells Fargo reiterated a Buy rating, and the consensus mean price target of ~$358 implies over 40% upside. Longer-term, the company's positioning as a critical AI power provider, anchored by nuclear assets, 20-year PPAs with Meta and Microsoft, and 20%+ annual EPS growth guidance through 2029, continues to underpin the investment thesis.

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July 14, 2026Constellation Energy advanced, outperforming the broader utilities sector (XLU essentially unchanged) and the S&P 500, which slipped amid Middle East-driven oil price surges and chip sector weakness. The gain extended a strong week for the stock as investors focused on multiple catalysts: a bullish article highlighting CEG's role solving the AI power crunch, Wells Fargo's reiterated Buy rating, and anticipation of PJM capacity auction results due July 14 — a key read on power market pricing. The company's Q1 beat ($2.74 EPS vs. $2.57 est.) and reaffirmed full-year guidance of $11–$12/share continue to underpin investor confidence even as the stock remains well below its October 2025 peak.

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July 11, 2026Constellation Energy closed essentially flat, edging up modestly as investors weigh a divergent analyst landscape and the company's evolving post-Calpine identity. Recent lobbying disclosures reveal active engagement on energy policy and the 2025 reconciliation package, underscoring the regulatory dependencies tied to CEG's nuclear and gas power strategy. Analyst price targets remain widely dispersed — ranging from $297 (Citi) to $381 (TD Cowen) over the past two months — reflecting uncertainty around the pace of data center PPA signings and PJM market developments, even as Q1 results beat consensus and management reaffirmed 2026 EPS guidance of $11–$12.

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July 10, 2026Constellation Energy shares rose sharply, outperforming both the utilities sector (XLU) and the broader S&P 500, as investors rotated into energy and power names amid renewed Middle East tensions that pushed oil prices higher and revived interest in energy infrastructure. The stock's recovery also comes after hitting a 52-week low of $228.63 on July 1 following a Citi price target cut tied to PJM reliability concerns, and analysts remain widely bullish with a median price target of $360, well above current levels, underpinned by CEG's nuclear fleet, the Calpine integration, and growing AI/data center power demand.

2.5438

July 9, 2026Constellation Energy rose roughly 2% on Wednesday, outperforming the broader market and the utilities sector (XLU), even as Wall Street tumbled on Trump's declaration that the U.S.-Iran ceasefire was 'over,' sending oil prices surging over 5%. CEG benefited from a flight into energy-adjacent and nuclear names amid the risk-off rotation, while Citi cut its price target following a post-PJM meeting model update — though retail investors were reportedly buying the dip. The company's nuclear and geothermal assets, including a newly completed 25 MW expansion at the Geysers complex via Calpine, continue to attract attention as AI data center power demand remains a key long-term investment thesis.

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Seeking Alpha · July 17, 2026Constellation Energy to invest in nuclear technology developer Blue Energy (CEG:NASDAQ)Pulse 2.0 · July 16, 2026Blue Energy Receives Strategic Investment From Constellation To Accelerate Commercialization Of Novel Shipyard Manufacturing And Project Financing Model For New NuclearMoomoo · July 1, 2026Citi Downgrades Constellation Energy(CEG.US) to Hold Rating, Cuts Target Price to $297TradingView · June 26, 2026Constellation Energy stock: why today's sell-off is a gift for investorsConstellation Energy · June 23, 2026Constellation and Walmart Announce Long-Term Agreement to Support Reliable, Emissions-Free Nuclear Energy in IllinoisTIKR.com · May 24, 2026The U.S. Government Just Ordered Constellation Energy to Keep Its Pennsylvania Plants Running. Here’s Why It Matters for CEG Investors.Constellation Energy · February 24, 2026Constellation Reports Fourth Quarter and Full Year 2025 Results
Mt Newswire · July 16, 2026Constellation Energy Invests in Nuclear Developer Blue Energy
Benzinga · July 16, 2026Constellation Technology Ventures Makes Equity Investment In Blue Energy; Terms Undisclosed
Benzinga · July 16, 2026BlackRock CEO Larry Fink Warned of an AI Power Crunch—New York Just Halted Large Data Centers: CEG, VST, NEE in Focus
Benzinga · July 1, 2026Citigroup Maintains Neutral on Constellation Energy, Lowers Price Target to $297
Mt Newswire · July 1, 2026Citigroup Adjusts Price Target on Constellation Energy to $297 From $348, Maintains Neutral Rating
Mt Newswire · June 26, 2026Constellation Energy Files Nuclear License Renewal Applications for Two New York Plants
Benzinga · June 26, 2026Constellation Files License Renewal Applications With NRC To Extend Operations Of Ginna Clean Energy Center And Nine Mile Point Unit 1 Reactors In Upstate New York To 2049
Mt Newswire · June 25, 2026Constellation Energy Extends Expiration Date for Exchange Offers to July 10

Peers

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