CEG Constellation Energy Corp
Loading price history…
Daily prices, adjusted for splits. P/E and P/S value each day on the results published by then; a gap in P/E means the trailing year had no profit.
Utilities - Independent Power Producers · Baltimore, MD · 15,291 employees · constellationenergy.com
Constellation Energy generates and supplies power solutions across several regional markets in the United States. The company earns revenue by marketing electricity, natural gas, and clean energy contracts sourced from a fleet of nuclear, renewable, and fossil-fueled generation facilities. It provides these utility commodities to a range of wholesale, municipal, commercial, and retail consumers.
Why it is on our list: Runs the largest US nuclear fleet and sells carbon-free power to data-centre operators under long-term contracts.
Bull case
The company stands to benefit from power demand cycles as a supplier of electricity for artificial intelligence workloads, positioned to gain if nuclear power is increasingly tapped for data-centre growth. Revenue growth has also accelerated, though this includes acquired businesses and represents a trend common among tracked peers.
- Annual revenue growth rose from +18% to +20%, including acquired businesses.
- The share price trend is rising.
- Its sector cycle (Power Demand) is in expansion.
- Recent evidence on “Power constraints are slowing data-centre expansion” works in its favour.
Bear case
The business operates without an economic moat, generating returns on capital that do not match its cost of capital.
- Returns on capital are below its cost of capital.
Features
- V-NO-MOAT No moat Returns on capital are below its cost of capital.
- V-ACCELERATING Growth accelerating Annual revenue growth rose from +18% to +20%, including acquired businesses. Shared by most companies we track
AI impact
Supplies what AI runs on Tailwind
The company sells electricity, which sees rising demand as data centers expand to run artificial intelligence workloads. However, this growth depends on data center expansion, which could slow if technology changes, customer habits shift, or capital investment cycles decline.
Where AI helps it
- Sells what AI workloads consume
Where AI could hurt it
- AI makes it cheaper for rivals to build what it sells (minor)
- Depends on the AI build-out continuing (minor)
In the company's words
The rapid expansion of data centers continues to accelerate, driven by widespread adoption of AI technologies and large-scale infrastructure investments by major hyperscalers such as Microsoft, Google, Meta, and Amazon.
Further, advancements in AI and other technology could lead to reduced barriers of entry resulting in increased competition from new market participants.
Assessed by AI from the company's own annual report filed 24 Feb 2026 and quarterly report filed 6 Aug 2026. A reading of the business, not a forecast or a recommendation.
Valuation position
CEG is at the 49th percentile of its own valuation history. This is a relative measurement, not a price target or recommendation, and it assumes the business is still the one its history describes.
Price ladder
The measured price sits in the Reference zone. These are reference zones, not buy instructions or forecasts that the prices will be reached.
This ladder rests on the company's own valuation history alone: there are too few comparable companies to cross-check it, so treat its zones as less certain.
Quality versus peers
Each dimension is shown on its own; they are not combined into a score.
Current analyst snapshot
Shown for reference only; not used in any measurement.
What would have to break
- Not triggered — Revenue decline
- Not available — Margin break
- Not available — Cash burn with rising debt
- Not triggered — Heavy dilution
- Not triggered — Warning language in filings
News
No recent brief on this company.