stellation Energy (CEG)
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S&P 500 Hits 5400 Level: 5 Top-Performing Stocks in ETF
ZACKS· 2024-06-13 16:04
Inflation in the United States cooled down in May for the second consecutive month. The Consumer Price Index rose 3.3% year over year in May, down from an annual growth of 3.4% in April. On a monthly basis, prices held flat for the first time since July 2022. Easing inflation indicates that the economy is stabilizing, and interest rates may be declining. Let's take a closer look at the fundamentals of SPY. SPDR S&P 500 ETF Trust has an AUM of $541 billion and charges 9 bps in fees per year. It trades in an ...
Constellation Energy Corporation (CEG) Outperforms Broader Market: What You Need to Know
ZACKS· 2024-06-11 22:50
Shares of the company witnessed a gain of 0.49% over the previous month, beating the performance of the OilsEnergy sector with its loss of 3.25% and underperforming the S&P 500's gain of 2.85%. Investors might also notice recent changes to analyst estimates for Constellation Energy Corporation. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Valuation is also ...
Constellation Energy Corporation (CEG) Soars 8.4%: Is Further Upside Left in the Stock?
ZACKS· 2024-06-11 14:51
Constellation Energy Corporation (CEG) shares rallied 8.4% in the last trading session to close at $214.63. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 7.9% loss over the past four weeks. Constellation Energy is the largest owner of nuclear plants in the US and produces clean electricity for its customers. It expects to invest nearly $5.1 billion during 2024-2025 period to strengthen its infrastructure an ...
Is Constellation Energy Corporation (CEG) Stock Outpacing Its Oils-Energy Peers This Year?
ZACKS· 2024-06-11 14:40
Constellation Energy Corporation is one of 248 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. Within the past quarter, the Zacks Consensus Estimate for CEG's full-year earnings has moved 6% higher. This shows that analyst sentiment has improved and the company's earnings outlook i ...
Is It Worth Investing in Constellation Energy Corporation (CEG) Based on Wall Street's Bullish Views?
ZACKS· 2024-06-11 14:30
Constellation Energy Corporation currently has an average brokerage recommendation (ABR) of 1.67, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 12 brokerage firms. An ABR of 1.67 approximates between Strong Buy and Buy. Check price target & stock forecast for Constellation Energy Corporation here>>> This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight ...
Constellation Energy Corporation (CEG) is Attracting Investor Attention: Here is What You Should Know
ZACKS· 2024-06-10 14:05
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. The consensus earnings estimate of $7.59 for the current fiscal year indicates a year-over-year change of +51.5%. This estimate has changed +2.1% over the last 30 days. Projected Revenue Growth Compared to the Zacks Consensus Estimate of $8.4 billion, ...
Cerro Grande Mining Corporation Announces its Second Fiscal Quarter ended March 31, 2024 results compared to the same period in 2023
GlobeNewswire News Room· 2024-05-30 11:42
Registered Office: For further information, contact: 181 UNIVERSITY AVENUE E-Mail: ceg@cegmining.com TORONTO, ONTARIO M5H 2X7 Telephone: 56-9-98374476 CANADA Website: www.cegmining.com C/O RICKETTS HARRIS LLP James L. MacAuliffe, CFO-Chile Toronto Office: 1 KING STREET WEST, SUITE 4009 TORONTO, ONTARIO M5H 1A1 CANADA Cerro Grande Mining Corporation is an exploration and development company with properties and activities currently focused in Chile. Cautionary Statement on Forward-looking Information: This ne ...
Constellation Energy Corporation (CEG) Is a Trending Stock: Facts to Know Before Betting on It
zacks.com· 2024-05-28 14:05
The consensus earnings estimate of $7.43 for the current fiscal year indicates a year-over-year change of +48.3%. This estimate has remained unchanged over the last 30 days. For the next fiscal year, the consensus earnings estimate of $8.50 indicates a change of +14.4% from what Constellation Energy Corporation is expected to report a year ago. Over the past month, the estimate has remained unchanged. With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- ...
Power Plays: 3 Utility Stocks Getting a Charge From Wall Street
investorplace.com· 2024-05-24 17:28
Utility stocks gained 11% over the last month, intriguing investors about which utility stocks to buy next in light of the unusual market outperformance. This is due to two major technology shifts that could lead the sector to strong returns for years. The first driver is tied to increased energy demand driven by artificial intelligence (AI). A typical AI search uses 15 times more energy than a traditional internet search nowadays. This pushes electricity consumption up for the first time in decades, as AI ...
Is Constellation Energy Corporation (CEG) a Buy as Wall Street Analysts Look Optimistic?
zacks.com· 2024-05-24 14:31
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Constellation Energy Corporation (CEG) . Constellation Energy Corporation currently has an ave ...