Key TakeawaysConstellation Energy and other nuclear stocks fell Monday as markets reacted to a new decision from regulators.A partnership between Amazon and Talen was rejected by regulators who said it could raise energy prices for customers in the surrounding area.Constellation also reported an earnings beat Monday, as the company will also likely face regulatory questions over its partnership with Microsoft. Shares of Constellation Energy (CEG) tumbled Monday morning despite an earnings beat as a recent r ...

Constellation Energy Corporation (CEG) came out with quarterly earnings of $2.74 per share, beating the Zacks Consensus Estimate of $2.72 per share. This compares to earnings of $2.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.74%. A quarter ago, it was expected that this company would post earnings of $1.43 per share when it actually produced earnings of $1.68, delivering a surprise of 17.48%.Over the last four quarter ...

Exhibit 99.1 News Release Contact: Paul Adams Corporate Communications 667-218-7700 Emily Duncan Investor Relations 833-447-2783 CONSTELLATION REPORTS THIRD QUARTER 2024 RESULTS Earnings Release Highlights • GAAP Net Income of $3.82 per share and Adjusted (non-GAAP) Operating Earnings of $2.74 per share for the third quarter of 2024 • Raising midpoint and narrowing full-year 2024 Adjusted (non-GAAP) Operating Earnings guidance range to $8.00 – $8.40 per share • Announced the signing of a 20-year power purch ...

Constellation Energy Corporation (CEG) is scheduled to report its third-quarter 2024 results on Nov. 4.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for CEG’s third-quarter revenues is pegged at $6.21 billion, indicating 1.59% growth from the year-ago reported figure.The consensus estimate for earnings is pegged at $2.72 per share. The Zacks Consensus Estimate for CEG’s third-quarter earnings has increased 7.5% in the past 60 days. The estimate suggest ...

Subscribers to Chart of the Week received this commentary on Sunday, October 27. It's okay to be excited about the future applications of generative artificial intelligence (AI) while still being very skeptical of its current viability. Generative AI has 'concepts of a plan' for the future, but for now, everyday AI functions range from helping write emails to making deepfake memes. While we wait for AI to become this paradigm shifting technology its being marketed as, the real opportunity for investors lies ...

The market expects Constellation Energy Corporation (CEG) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 4, 2024, might help the stock move higher ...

Three distinct approaches to nuclear power -- from small reactors to established utilities to advanced fuel tech -- could help power big tech's AI ambitions.The artificial intelligence (AI) revolution is creating an unprecedented surge in energy demand. The International Energy Agency projects that data centers may account for up to one-third of the anticipated increase in U.S. electricity demand from 2024 through 2026.Major tech companies are making bold moves into nuclear power to meet their growing energ ...

Steven Cress is VP of Quantitative Strategy and Market Data at Seeking Alpha. Steve is also the creator of the platform’s quantitative stock rating system and many of the analytical tools on Seeking Alpha. His contributions form the cornerstone of the Seeking Alpha Quant Rating system, designed to interpret data for investors and offer insights on investment directions, thereby saving valuable time for users. He is also the Founder and Co-Manager of Alpha Picks, a systematic stock recommendation tool design ...

In the latest market close, Constellation Energy Corporation (CEG) reached $264.49, with a -0.59% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.22%. Meanwhile, the Dow experienced a drop of 0.33%, and the technology-dominated Nasdaq saw an increase of 0.76%.Coming into today, shares of the company had gained 1.21% in the past month. In that same time, the Oils-Energy sector lost 11.32%, while the S&P 500 gained 1.47%.Market participants will be close ...

Philippe Laffont's hedge fund, Coatue Management, just made a major purchase in a non-traditional data center stock. Philippe Laffont is a billionaire investor best known for founding the hedge fund Coatue Management. While hedge funds are widely known for their sophisticated trading prowess and secretive natures, retail investors can get a glimpse into the stocks that financial institutions are buying and selling once per quarter by looking at a form 13F. Coatue's latest 13F contained a number of trades ac ...