
Constellation has several long-term service agreements to provide nuclear power to hyperscalers. Cameco Corporation benefits from the U.S. ban on Russian uranium.
Constellation Energy Corporation is an energy producer in the United States. The company is headquartered in Baltimore, Maryland.
| Revenue (TTM) | $31.27B |
| Gross Profit (TTM) | $6.91B |
| EBITDA | $7.95B |
| Operating Margin | 8.66% |
| Return on Equity | 15.10% |
| Return on Assets | 3.89% |
| Revenue/Share (TTM) | $93.48 |
| Book Value | $90.00 |
| Price-to-Book | 3.13 |
| Price-to-Sales (TTM) | 3.20 |
| EV/Revenue | 3.969 |
| EV/EBITDA | 15.08 |
| Quarterly Earnings Growth (YoY) | -46.80% |
| Quarterly Revenue Growth (YoY) | 23.00% |
| Shares Outstanding | $354.31M |
| Float | $353.17M |
| % Insiders | 0.34% |
| % Institutions | 83.18% |
Volatility is currently contracting

Constellation has several long-term service agreements to provide nuclear power to hyperscalers. Cameco Corporation benefits from the U.S. ban on Russian uranium.

Constellation Energy expands long-term nuclear contracts, license extensions and uprates as carbon-free power demand rises.

I'm reiterating Constellation Energy as a Strong Buy with a raised price target of $449. AI-driven power demand is translating into long-duration nuclear contracts, with 920 MW of new agreements and 1,100 MW of potential uprates providing significant forward optionality. Calpine's earnings contribution and aggressive share repurchases are accelerating EPS growth, supporting a 20%+ base EPS CAGR through 2029 and reducing dilution risk.

Constellation lifts 2026 earnings guidance as Calpine accretion, nuclear contracting and Crane progress strengthen its growth outlook.

Constellation Energy is rated BUY, with fair valuation, strong fundamentals, and a robust long-term growth outlook driven by AI-driven electricity demand. Constellation Energy's acquisition of Calpine creates a hybrid nuclear-gas fleet, enhancing operational flexibility and profitability as data centers drive base load demand. The fully amortized nuclear fleet, with extended licenses, acts as a cash flow generator, benefiting directly from rising electricity prices and contract renewals.

Artificial intelligence has an electricity problem, and nuclear is the answer investors keep circling back to.

Constellation Energy Corporation (CEG) Q2 2026 Earnings Call Transcript

CEG's Q2 adjusted earnings rise 33.5% and beat estimates as Calpine and portfolio gains lift results, prompting a higher 2026 outlook.

Constellation Energy Corporation (CEG) came out with quarterly earnings of $2.55 per share, beating the Zacks Consensus Estimate of $2.36 per share. This compares to earnings of $1.91 per share a year ago.

Power company Constellation Energy said on Thursday it will sell a gas plant in Texas to LS Power for $860 million, and also raised its current-year operating earnings forecast on the back of robust power demand.
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