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. This potential shift in monetary policy has significant implications for the stock market, creating opportunities for savvy investors. Get PayPal alerts: Understanding Interest Rate Adjustments and Their Market Impact Interest rate cuts are a tool used by central banks, ...

Key Takeaways Power demand for data centers is expected to triple by 2030, driven by artificial intelligence (AI), Mizuho Research analysts projected. The analysts said electric utilities companies like Constellation Energy, Duke Energy, and NextEra Energy could be poised to benefit, as well as infrastructure providers like Equinix. Renewable energy demand is also expected to grow, with First Solar, GE Vernova, and Nextracker among the companies that could gain. Natural gas demand is expected to rise in the ...

Energy stock Constellation Energy Corp (NASDAQ:CEG) just saw a hard bounce at its final large put strike earlier this week, and now has taken back the peak put at the $180 area. The stock has climbed over 60% in 2024 already, seeing a pivot level at $182. CEG is also breaking above the 20-day moving average, while the 5- and 10-day moving averages curl below. To top off the outperformance, Constellation Energy posted strong seasonal data for the third quarter this past Tuesday, Aug. 6. Short-term options tr ...

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 sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Constellation Energy Corporation (CEG) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Constellation Ener ...

Investors might want to bet on Constellation Energy Corporation (CEG) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years i ...

Constellation Energy Today | --- | --- | |--------------------------|-------| | | | | | | | CEG | | | Constellation Energy | | | $186.25 +5.21 (+2.88%) | | | 52-Week Range | | | $102.40 ▼ | | | $236.30 | | | Dividend Yield 0.76% | | | P/E Ratio 24.87 | | | Price Target $232.00 | | | | | Add to Watchlist 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' ...

Financial Data and Key Metrics Changes - Constellation Energy reported second quarter GAAP earnings of $2.58 per share and adjusted operating earnings of $1.68 per share, an increase of $0.04 per share compared to the previous year [7][30]. - The company raised its adjusted operating earnings guidance from a range of $7.23 to $8.03 per share to a new range of $7.60 to $8.40 per share, indicating strong business performance [7][33]. Business Line Data and Key Metrics Changes - The commercial business performed exceptionally well, optimizing generation and load positions, which contributed to higher margins above long-term averages [30][27]. - Nuclear performance was strong, producing over 41 million megawatt hours with a capacity factor of 95.4%, while renewables and natural gas fleets also exceeded performance expectations [26][27]. Market Data and Key Metrics Changes - The PJM capacity market auction results indicated tightening supply and demand fundamentals, with expectations for higher sustained pricing for capacity to address reliability needs [9][11]. - The company recognized $33 million in the Illinois ZEC program for banked credits, down from $218 million recognized last year, reflecting changes in market conditions [31][32]. Company Strategy and Development Direction - Constellation aims to grow base earnings by at least 10% through the decade, supported by federal PTC and opportunities in clean energy generation [8][39]. - The company is focusing on data center opportunities, emphasizing the importance of colocation with nuclear plants to enhance economic competitiveness and national security [15][19]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to meet growing electricity demand while maintaining reliability, highlighting the unique position of nuclear energy in the market [10][39]. - The company is optimistic about the future, citing the need for clean and reliable power generation to support economic growth and sustainability goals [39][40]. Other Important Information - Constellation was certified as a great place to work for the second consecutive year, reflecting a strong company culture and employee satisfaction [6]. - The company completed $1 billion in share buybacks year-to-date, indicating confidence in its stock and financial health [8][38]. Q&A Session Summary Question: Does the FERC technical conference prolong the timeline for a deal announcement? - Management indicated that while it may slow down the process for some, they are still moving forward with negotiations and do not need to wait for FERC clarity to finalize deals [44][45]. Question: Does the outcome of the PJM auction increase urgency for data center deals? - Yes, the auction results have increased urgency for both colocation and in-front-of-meter deals, as the market tightens and demand for clean, reliable megawatts grows [52][53]. Question: What are the state legislative priorities to support the colocation strategy? - The company plans to be reactive to state legislative developments and will work with stakeholders to ensure economic growth opportunities remain available [64].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q | --- | --- | --- | |-------------------------------------------------------------------------------|-------------------|-------------------------------------------| | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | CONSTELLATION ENERGY CORPORATION: Common Stock, without par value | CEG | The Nasdaq Stock Market LLC | ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES E ...

Constellation Energy Corporation (CEG) reported second-quarter 2024 earnings of $1.68 per share, which surpassed the Zacks Consensus Estimate of $1.43 by 17.5%. The bottom line also increased 2.4% from the yearago quarter's figure of $1.64. Total Revenues Constellation Energy Corporation Price, Consensus and EPS Surprise Revenues totaled $5.48 billion, up 0.5% from the year-ago quarter's figure of $5.45 billion. Highlights of the Release Total operating expenses were $4.38 billion, down 8.4% from $4.78 bill ...

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%. With many governments worldwide committing to clean energy initiatives over the coming decades, renewable energy stocks remain an excellent long-term investment strategy to incorporate into portfolios ...