From a technical perspective, Constellation Energy Corporation (CEG) is looking like an interesting pick, as it just reached a key level of support. CEG recently overtook the 50-day moving average, and this suggests a short-term bullish trend.
CEG is an ideal stock to have in your portfolio, given its rising earnings estimates and higher returns.
With cooling inflation and moderating economic growth, the current economic environment strongly suggests that the Federal Reserve is on the verge of cutting interest rates. Market analysts are currently pricing an 80% chance of a rate cut.
Power demand for data centers in the U.S. is expected to triple by 2030, fueled by artificial intelligence (AI) applications, Mizuho Research analysts said.
Subscribers to Schaeffer's Weekend Trader options recommendation service received this CEG commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Constellation Energy Corporation (CEG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Constellation Energy NASDAQ: CEG is an energy stock that has benefited significantly from the artificial intelligence rally, with a total return of 57% so far in 2024. The fact that about 67% of the company's energy-producing capacity is from nuclear power plants has spearheaded its rise.
Constellation Energy Corporation (NASDAQ:CEG ) Q2 2024 Earnings Conference Call August 6, 2024 10:00 AM ET Company Participants Emily Duncan - Senior Vice President, Investor Relations and Strategic Growth Joseph Dominguez - President and Chief Executive Officer Daniel Eggers - Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners David Arcaro - Morgan Stanley Steve Fleishman - Wolfe Research Operator Good day, ladies and gentlemen, and welcome to the Constellation Energy Corporation Second Quarter Earnings Call. At this time, all participants are in a listen-only mode.
Constellation Energy's (CEG) second-quarter 2024 earnings and revenues increase year over year. Total operating expenses decrease during the same period.
For all the volatility sweeping through Wall Street in 2024, renewable energy stocks remain a strong long-term bet for investors. The global renewable energy market was valued at $1.1 billion in 2023 and is expected to rally to $2.45 trillion by 2032, representing a compound annual growth rate (CAGR) of 9.47%.
Data centers are important pieces of infrastructure for AI businesses. However, data centers consume a lot of power and secular tailwinds fueling the narrative suggest more efficient solutions will be needed in the long run.