Steve Allen Introduction A few years ago, when looking at the energy transition and electric vehicle impact on electricity demand the consensus was that it could add 1% to yearly demand, much as what occurred in the 50-70s with the advent of microwaves, A/C, and hairdryers. Then came climate change and the fact that the world is getting hotter and the need for A/C has increased and so should electricity demand. The last and most recent demand driver is linked to the development of AI and the infrastructure ...

Walter Bibikow/DigitalVision via Getty Images Constellation Energy Corporation (NASDAQ:CEG) is well known for its nuclear energy production, which it sells to grids like PJM and directly to co-located data centers. Both routes have been the source of tremendous growth for the company. Given the growth rate, it may appear that CEG's 24X forward multiple is cheap, but I believe that a significant portion of the growth will reverse due to factors outside of the company's control. Explosive growth Constellation ...

In this article SMR D SO CEG watch now Nuclear plants could become smaller, simpler and easier to build in the future, potentially revolutionizing a power source that is increasingly viewed as critical to the transition away from fossil fuels. New designs called small modular reactors, or SMR in shorthand, promise to speed deployment of new plants as demand for clean electricity is rising from artificial intelligence, manufacturing and electric vehicles. At the same time, utilities across the country are re ...

From a technical perspective, Constellation Energy Corporation (CEG) is looking like an interesting pick, as it just reached a key level of support. CEG recently overtook the 50-day moving average, and this suggests a short-term bullish trend. One of the three major moving averages, the 50-day simple moving average is commonly used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day is considered to be more important since it's the first m ...

TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Cerro Grande Mining Corporation (the "Company" or "CEG") (CSE:CEG) reported its unaudited results for the third fiscal quarter ended June 30, 2024 compared to the same quarter in 2023. These financial statements and MD&A have been filed on SEDAR and the Company refers the reader to those materials for additional information. Cerro Grande Mining Corporation is an exploration and development company with properties and activities currently focused in Chile. Cautionar ...

Shares of Constellation Energy Corporation (CEG) have rallied 86.4% over the past year compared with its industry's growth of 28.7%. CEG continues to add clean energy to the grid through its efficient operation of nuclear plants and extending the lives of existing plants through new licenses. The solid year-to-date performance of Constellation Energy allowed it to increase its guidance for 2024 earnings per share. The CEG stock has also outperformed its sector and the S&P 500 over the past year. One-Year Pr ...

With cooling inflation and moderating economic growth, the current economic environment strongly suggests that the Federal Reserve is on the verge of cutting interest rates. Market analysts are currently pricing an 80% chance of a rate cut. This potential shift in monetary policy has significant implications for the stock market, creating opportunities for savvy investors. Get PayPal alerts: Understanding Interest Rate Adjustments and Their Market Impact Interest rate cuts are a tool used by central banks, ...

Key Takeaways Power demand for data centers is expected to triple by 2030, driven by artificial intelligence (AI), Mizuho Research analysts projected. The analysts said electric utilities companies like Constellation Energy, Duke Energy, and NextEra Energy could be poised to benefit, as well as infrastructure providers like Equinix. Renewable energy demand is also expected to grow, with First Solar, GE Vernova, and Nextracker among the companies that could gain. Natural gas demand is expected to rise in the ...

Energy stock Constellation Energy Corp (NASDAQ:CEG) just saw a hard bounce at its final large put strike earlier this week, and now has taken back the peak put at the $180 area. The stock has climbed over 60% in 2024 already, seeing a pivot level at $182. CEG is also breaking above the 20-day moving average, while the 5- and 10-day moving averages curl below. To top off the outperformance, Constellation Energy posted strong seasonal data for the third quarter this past Tuesday, Aug. 6. Short-term options tr ...

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Constellation Energy Corporation (CEG), and emphasizes the importance of validating these recommendations with other indicators like the Zacks Rank [1][3]. Group 1: Brokerage Recommendations - Constellation Energy Corporation has an average brokerage recommendation (ABR) of 1.57, indicating a consensus between Strong Buy and Buy, with 71.4% of the 14 recommendations being Strong Buy [2]. - Despite the positive ABR, relying solely on this information for investment decisions may not be advisable, as studies show brokerage recommendations often fail to guide investors effectively [3][4]. - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, issuing five "Strong Buy" recommendations for every "Strong Sell" [4][8]. Group 2: Zacks Rank vs. ABR - The Zacks Rank, which classifies stocks from 1 (Strong Buy) to 5 (Strong Sell), is a more reliable indicator of a stock's near-term price performance compared to ABR, as it is based on earnings estimate revisions [6][9]. - The ABR is calculated based on brokerage recommendations and may not be up-to-date, while the Zacks Rank reflects timely changes in earnings estimates, providing a more accurate indication of future price movements [7][10]. Group 3: Investment Potential of CEG - The Zacks Consensus Estimate for Constellation Energy Corporation has increased by 2.4% over the past month to $7.84, indicating growing optimism among analysts regarding the company's earnings prospects [11]. - The recent change in the consensus estimate, along with other factors, has resulted in a Zacks Rank 1 (Strong Buy) for Constellation Energy Corporation, suggesting that the Buy-equivalent ABR may serve as a useful guide for investors [12].