All five stocks have delivered triple-digit returns in 2024.
Constellation Energy Corporation (NASDAQ:CEG ) Q3 2024 Earnings Conference Call November 4, 2024 10:00 AM ET Company Participants Emily Duncan - Senior Vice President of Investor Relations and Strategic Growth Joseph Dominguez - President & Chief Executive Officer Daniel Eggers - Chief Financial Officer Conference Call Participants Jeremy Tonet - JPMorgan Securities Shar Pourreza - Guggenheim Partners Steve Fleishman - Wolfe Research David Arcaro - Morgan Stanley Nick Campanella - Barclays Durgesh Chopra - Evercore ISI Operator Thank you for standing by and welcome to Constellation Energy Corporation's Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 200 points on Monday.
Constellation Energy stock is lower Monday as a regulatory decision offsets the utility company's solid third-quarter earnings results.
Constellation Energy will continue to pursue deals to develop data centers on the sites of its U.S. power plants, days after federal regulators dealt a blow to the so-called co-located arrangements, company executives said on Monday.
The biggest argument in favor of Constellation Energy stock just became a liability.
Shares of Constellation Energy (CEG) tumbled Monday morning despite an earnings beat as a recent regulatory decision dragged nuclear energy stocks.
Shares of Constellation Energy Corp. were in danger of a record selloff on Monday and were headed for their lowest prices since before the nuclear-power company signed a 20-year power-purchasing agreement with Microsoft Corp. in September.
Constellation Energy Corporation (CEG) came out with quarterly earnings of $2.74 per share, beating the Zacks Consensus Estimate of $2.72 per share. This compares to earnings of $2.26 per share a year ago.
U.S. stock futures were slightly higher this morning, with the Dow futures gaining around 0.1% on Monday.
Electric utility Constellation Energy raised its full-year profit forecast and beat Wall Street estimates for third-quarter earnings on Monday, helped by higher power demand.
CEG's third-quarter earnings are likely to have gained from its efficiently performing nuclear fleet and strong demand from industrial customers.