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.
The latest trading day saw Constellation Energy Corporation (CEG) settling at $261.92, representing a -1.16% change from its previous close.
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Constellation Energy Corporation (CEG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Who says utility stocks are boring defensive investments that can't surge in parabolic fashion?
Three distinct approaches to nuclear power -- from small reactors to established utilities to advanced fuel tech -- could help power big tech's AI ambitions.
Constellation Energy Corporation (CEG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The utilities sector has surged 28% YTD, driven partly by unprecedented energy demand from AI data centers and increasing EV adoption. Utilities with nuclear power in their production mix could stand to benefit, as tech giants seek out a clean and reliable energy source. There has also been a resurgence in natural gas-fired plants, with an estimated 200 facilities under development.