Key Stats for Constellation Energy Stock
- Price change for Constellation Energy stock in the last 1 year: -28%
- $CEG Stock Price as of Oct. 1: $259
- 52-Week High: $413
- $CEG Stock Price Target: $343
What Happened?
Constellation Energy (CEG) and Amazon (AMZN) announced a long-term power deal covering the Calvert Cliffs Clean Energy Center in Maryland.
- Contract Duration: 20 years
- Capacity: 690 megawatts
- Investment: More than $3 billion
- New Capacity Online: 190 megawatts between 2030 and 2032
The deal also supports Constellation’s revenue certainty to relicense the plant for another two decades.
Market Insights on Constellation Energy Stock
Investors are optimistic about the long-term contract with Amazon, which provides clearer earnings paths and supports the nuclear strategy.
- Q2 Earnings: $2.55 per share (up $0.64 YoY)
- Full-Year Guidance Raised: $11.50 to $12.50 per share
- New Long-Term Deals: 920 megawatts signed since March, averaging 18.5 years
Constellation has also repurchased about $2.2 billion of its shares and has $2.8 billion remaining in its authorization for buybacks.
Valuation and Analysis
To see what Constellation Energy stock could be worth, use TIKR’s free valuation tool.
Disclaimer
The content on TIKR does not serve as investment advice or recommendations to buy or sell stocks.
