For all the volatility sweeping through Wall Street in 2024, renewable energy stocks remain a strong long-term bet for investors. The global renewable energy market was valued at $1.1 billion in 2023 and is expected to rally to $2.45 trillion by 2032, representing a compound annual growth rate (CAGR) of 9.47%. With many governments worldwide committing to clean energy initiatives over the coming decades, renewable energy stocks remain an excellent long-term investment strategy to incorporate into portfolios ...

Exhibit 99.1 News Release Contact: Paul Adams Corporate Communications 667-218-7700 Emily Duncan Investor Relations 833-447-2783 CONSTELLATION REPORTS SECOND QUARTER 2024 RESULTS Earnings Release Highlights • GAAP Net Income of $2.58 per share and Adjusted (non-GAAP) Operating Earnings of $1.68 per share for the second quarter of 2024 • Raising full-year 2024 Adjusted (non-GAAP) Operating Earnings guidance range to $7.60-$8.40 per share • Delivering on our commitment to shareholders, repurchased approximate ...

Demand for data center services is rising along with the popularity of artificial intelligence. One of the biggest themes fueling the capital markets right now is artificial intelligence (AI). What investors may not realize, however, is that there are many components of AI -- some of which sit quietly in the background. One of the most important narratives emerging in the AI revolution is data centers. While megacap tech behemoths such as Nvidia have benefited greatly from surging demand for data center ser ...

Constellation Energy Corporation (CEG) is going to report its second-quarter 2024 results on Aug 6. The Zacks Consensus Estimate for CEG's second-quarter revenues is pegged at $5.30 billion, indicating a 2.67% decline from the year-ago reported figure. The consensus estimate for earnings is pegged at $1.43 per share. The Zacks Consensus Estimate for CEG's second-quarter earnings has declined 23.9% in the past 60 days. The estimate suggests a year-over-year decline of 44.1%. | --- | --- | --- | --- | --- | | ...

Constellation Energy Corporation (CEG) shares soared 12.5% in the last trading session to close at $189.80. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 18.2% 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 and purchase of nuclea ...

Key Takeaways Nuclear energy stocks soared Wednesday after the largest electrical grid operator in the U.S. said prices at its power market auction increased ninefold year-over-year. Constellation Energy, which operates the largest collection of nuclear plants in the country, saw its shares jump more than 12%, while Vistra shares gained nearly 15%. Both companies are expected to report second-quarter earnings next week. Shares of nuclear energy stocks soared Wednesday after the largest electrical grid opera ...

This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.' In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's ...

A downtrend has been apparent in Constellation Energy Corporation (CEG) lately with too much selling pressure. The stock has declined 16.8% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used techni ...

Alternative energy operators, in order to maintain, upgrade and expand operations, approach capital markets for loans as the funds generated from internal sources are not always sufficient. Therefore, a low interest rate regime is beneficial for the electric power industry. The CME FedWatch tool currently shows that market participants are highly optimistic about two rate cuts of 25 basis points each in 2024. Consequently, operators planning to invest large amounts in infrastructure upgrades and add renewab ...

The upcoming earnings release of Constellation Energy Corporation will be of great interest to investors. The company's earnings report is expected on August 6, 2024. The company is expected to report EPS of $1.57, down 38.67% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.3 billion, down 2.67% from the year-ago period. Investors should also note any recent changes to analyst estimates for Constellation Energy Corporation. Recent revisions tend ...