Constellation Energy Corporation (CEG) closed at $316.36 in the latest trading session, marking a +0.36% move from the prior day. The stock lagged the S&P 500's daily gain of 1%. Elsewhere, the Dow saw an upswing of 0.78%, while the tech-heavy Nasdaq appreciated by 1.51%.Heading into today, shares of the company had gained 40% over the past month, outpacing the Oils-Energy sector's loss of 3.79% and the S&P 500's loss of 2.14% in that time.Investors will be eagerly watching for the performance of Constellat ...

Key TakeawaysOpenAI's latest model is a leap forward, but this and future iterations require enormous power and energy.Companies like Cheniere Energy, Vistra and Constellation Energy Corp. stand to gain from AI demand.Stock shares of these three companies have risen between 38.8% and 99.7% in the past six months.Last month, OpenAI unveiled its latest model, o3, which exceeded even their own expectations. By one benchmark—the Abstraction and Reasoning Corpus for Artificial General Intelligence (ARC-AGI)—Open ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, January 14th:Constellation Energy Corporation (CEG) : This company which provides electric power, natural gas and energy management services to 2 million customers across the continental United States, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.5% over the last 60 days.Constellation Energy’s shares gained 3% over the last three m ...

Constellation Energy Corporation (CEG) and Calpine Corp. announced that they have entered into a definitive agreement under which CEG will acquire Calpine in a cash and stock transaction valued at an equity purchase price of nearly $16.4 billion. It is composed of 50 million shares of CEG stock and $4.5 billion in cash, plus the assumption of nearly $12.7 billion of Calpine’s net debt.The net purchase price is $26.6 billion, which represents an attractive acquisition multiple of 7.9x 2026 EV/EBITDA after de ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Constellation Energy Corporation (CEG) shares ended the last trading session 25.2% higher at $305.19. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2% gain over the past four weeks.Constellation Energy’s strategic investment plans and its focus on continuing to expand its renewable portfolio drive its earnings performance. Constellation Energy continues to increase clean energy production from its nuclear fleet t ...

Nuclear energy powerhouse Constellation Energy ((CEG) soared 25% on Friday to all-time highs after announcing its acquisition of natural gas and geothermal giant Calpine.The deal creates the nation’s largest clean energy company and further cements Constellation Energy’s status as one of the best long-term investments in the future of energy and artificial intelligence.Constellation is a Zacks Rank #2 (Buy). CEG has outclimbed plenty of big tech AI stocks over the past several years including Nvidia, and it ...

Acquisition and Market Impact - Constellation Energy announced a $26.6 billion deal to acquire rival Calpine, expanding its footprint in Texas, California, and the Northeast [2] - The transaction includes stock, cash, and the assumption of approximately $12.7 billion of Calpine's net debt [2] - Constellation Energy shares surged more than 25% on Friday following the acquisition announcement [2][10] Stock Performance and Demand Drivers - Constellation Energy shares have more than doubled in the last year and are up 36% year-to-date (YTD) as of Friday's close [3] - The company's stock performance is boosted by increasing power demand to meet AI computing resources [3] - Constellation Energy plans to restart the Three Mile Island Unit 1 nuclear plant in Pennsylvania to provide electricity for Microsoft's data centers [3] Technical Analysis and Price Targets - Constellation Energy shares broke out from a falling wedge pattern earlier this month and reached a new all-time high (ATH) on Friday [5][10] - The breakout occurred on the third-highest trading volume day since the company went public in early 2022, indicating strong buying conviction [5] - The relative strength index (RSI) confirms bullish momentum but also indicates overbought conditions, suggesting potential short-term profit-taking [6] - Bars pattern analysis forecasts an upside price target of around $350, approximately 15% above Friday's closing price [7][10] Key Support Levels - Investors should monitor the $280 level as a key support area during retracements [9][10] - A failure to defend the $280 level could lead to a pullback to around $236, where multiple support levels converge, including the 50-day moving average and the falling wedge pattern's upper trendline [11]

Few people saw it coming then, but 2024 would be the year the proverbial planets aligned for this utility name.Utility stocks certainly have their place in some investors' portfolios. But let's face it -- they're not high-growth tickers. So how did shares of Constellation Energy (CEG 25.16%) manage to climb 91% (according to numbers from S&P Global Market Intelligence) in calendar 2024?In retrospect, the reason isn't really all that surprising.Constellation Energy's in the right place at the right timeAltho ...

Constellation stock is up! No, it’s down! Wait, who’s right? Turns out, they both are. In an unusual bit of symmetry, shares of two companies named “Constellation” are among both the S&P 500’s top gainers and losers Friday.  On the green side of the ledger is Constellation Energy (CEG), shares of which were recently up some 26%. That was good for the second-best performance in the benchmark index after Walgreens Boots Alliance (WBA). Driving the move was the news that the company agreed to buy privately ow ...