Constellation Energy: Getting Serious About Capacity Growth (Rating Upgrade)

Core Insights - Constellation Energy (CEG) stock has experienced significant volatility in 2023, resembling a speculative AI stock rather than a traditional utility [1] - The stock price fluctuated from under $180 during an April tariff issue to above $400, indicating a potential double-top formation [1] Company Analysis - The company has been subject to market fluctuations that are atypical for utility stocks, suggesting investor sentiment may be influenced by broader market trends rather than fundamental performance [1] - The focus on long-term investment strategies is emphasized, with a preference for holding positions unless compelling reasons to sell arise [1] Investment Strategy - The investment approach prioritizes maximizing total returns over time by purchasing stocks when their prices are low relative to their intrinsic value, regardless of asset class or sector [1]