Constellation Energy Corporation (CEG)
After hours:
| Previous Close | 265.38 |
| Open | 272.15 |
| Bid | 277.25 x 100 |
| Ask | 277.57 x 100 |
| Day's Range | 268.30 - 279.51 |
| 52 Week Range | 105.13 - 279.51 |
| Volume | |
| Avg. Volume | 3,543,776 |
| Market Cap | 86.731B |
| Beta (5Y Monthly) | 0.77 |
| PE Ratio (TTM) | 36.88 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.41 (0.51%) |
| Ex-Dividend Date | Aug 12, 2024 |
| 1y Target Est | N/A |
- Yahoo Finance Video
Big Tech's AI-driven nuclear interest to send utilities higher
Nuclear energy is in focus as big tech companies like Alphabet (GOOG, GOOGL) and Microsoft (MSFT) turn to nuclear energy to meet the power-intensive needs of their artificial intelligence (AI) data centers. Durgesh Chopra, Evercore ISI managing director, joins Josh Schafer and Madison Mills on Market Domination to take a look at the energy sector. Chopra says “the single largest catalyst” for independent power producers (IPPs) like Constellation Energy (CEG) and Vista Energy (VIST) is “the need for clean energy, 24/7 energy by these data centers.” The analyst says reopening dormant nuclear plants is “going to be the next big thing” in energy. He notes,” We have to be careful to balance this demand trend that we bring supply on time while also not disrupting the balance of residential customer builds. So I think that's a key challenge. But this is a good position for utilities to be in.” For investors looking to get in on the AI-driven energy boom, Chopra says he doesn’t think the utilities sector is currently overbought. “Some of these IPPs may seem expensive on earnings, but there's a tremendous amount of EPS upside… I think there's more to go.” He expects utilities to outperform the market led by the IPPs by the end of the quarter. Chopra adds that the opportunity in energy stocks is more long-term. “The reality is you build something new today, whether it's a gas plant, whether it's wind, solar storage, small modular reactors, all of these technologies are five to seven years build time… So these things are going to take some time. But they're all additive to earnings and should boost the long-term growth profile of the utility sector.” For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Naomi Buchanan.
- Yahoo Finance Video
Constellation Energy eyes taxpayer funds to open Three Mile Island: WaPo
According to The Washington Post, Constellation Energy (CEG) is now seeking taxpayer support to reopen Three Mile Island nuclear power plant. The company aims to revive the facility to sell electricity to Microsoft (MSFT), helping power the tech giant's data centers. Constellation Energy is seeking a $1.6 billion loan guarantee for this project. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
- Investor's Business Daily
Nvidia Is No Longer The Top S&P 500 Stock In 2024. Meet The New King.
Nvidia was No. 1 in 2023 and led S&P 500 stocks for most of 2024, but another AI player has seized the crown.
