Core Insights - Nuclear power plants are recognized for their high-capacity factor, providing a reliable source of baseload electricity compared to intermittent renewable sources [2] - The U.S. aims to increase nuclear energy capacity from 100 GW to 400 GW by 2050 through executive orders issued by President Trump [4] - The demand for clean electricity is rising due to factors like AI data centers, urbanization, and electric vehicles, making nuclear energy stocks attractive [5] Constellation Energy's Position - Constellation Energy operates the largest nuclear fleet in the U.S., generating nearly 90% carbon-free energy annually [6] - The company plans to invest $3 billion to $3.5 billion in capital expenditures through 2026, with 35% allocated for nuclear fuel [10][16] - Constellation Energy's return on equity (ROE) is 21.93%, indicating efficient capital use compared to Duke Energy's 9.88% [10][14] Duke Energy's Position - Duke Energy's nuclear operations provide reliable, low-carbon electricity, helping meet climate goals and federal regulations [8] - The company received approval to extend operations of its largest nuclear plant for an additional 20 years, supporting its clean energy strategy [8] - Duke Energy anticipates capital expenditures of $190-$200 billion over the next decade, with a significant portion for clean energy transition [17] Financial Performance Comparison - Constellation Energy's earnings per share (EPS) estimates for 2025 and 2026 increased by 0.75% and 3.78%, respectively, while Duke Energy's estimates remained flat or slightly decreased [10][12][14] - Constellation Energy's dividend yield is 0.49%, significantly lower than Duke Energy's 3.61% [18] Investment Outlook - Both Constellation Energy and Duke Energy have potential for growth in the energy sector, but Constellation Energy is favored for its better earnings growth and ROE [19][20]