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 ...

Constellation Energy (CEG 23.65%) stock dominated headlines in 2024 with its announcement of a plan to reopen Three Mile Island and supply nuclear power to Microsoft server farms. Constellation is starting off 2025 with even more news -- and even more share price strength. This morning, the electric utility announced plans to acquire natural gas and geothermal electric utility Calpine Corporation.Investors applauded the move. As of 12:15 p.m. ET, Constellation stock is up 22.5%.The Constellation-Calpine mer ...

Key TakeawaysConstellation Energy shares surged Friday after the company agreed to buy private energy company Calpine in a deal valued at $26.6 billion. The move expands Constellation's presence in California and Texas, creating the largest clean energy provider in the U.S.The acquisition comes as energy stocks have surged over the past year, due in part to power demands from data centers to support artificial intelligence. Constellation Energy (CEG) shares surged Friday after the company agreed to buy priv ...

Core Viewpoint - Constellation Energy is acquiring Calpine Corporation for $16.4 billion, creating the largest independent power provider in the US with approximately 2.5 million customers [1][5]. Group 1: Acquisition Details - The acquisition combines two major electricity generators in the US, with the total transaction value, including debt, reaching $26.6 billion [2]. - The deal is expected to close in the second half of the year, increasing Constellation's workforce by about 20% to 16,500 [5]. - The merger will significantly enhance Constellation's market share in Texas and California, the two most populous and energy-consuming states in the US [5]. Group 2: Market Context - The acquisition comes amid rising electricity demand driven by AI data centers and electric transportation [2]. - Constellation's CEO, Joe Dominguez, indicated that demand for their products is expected to grow significantly, reaching levels not seen in a lifetime [2]. Group 3: Strategic Implications - Andrew Novotny, CEO of Calpine, stated that the deal is beneficial for American families and businesses, positioning the combined company to invest in zero-emission nuclear and battery storage [3]. - The transaction is expected to create the largest coast-to-coast power generator in the US, according to S&P's Aneesh Prabhu [5]. Group 4: Stock Performance - Following the announcement, shares of Constellation Energy rose by 23% in New York [4]. - Over the past year, Constellation's shares have more than doubled, driven by increased demand for nuclear power from big tech companies with climate-related commitments [6].

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 sell-side) analysts often affect a stock's price, do they really matter?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 c ...

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