Nuclear Giant Constellation Closes Calpine Deal While Retail Investors Lose Faith - 24/7 Wall St.[S&P 5006,912.40 +0.31%][Dow Jones49,320.40 +0.32%][Nasdaq 10025,077.80 +0.39%][Russell 20002,667.81 +0.61%][FTSE 10010,783.30 +0.65%][Nikkei 22559,655.30 +2.98%][Investing]# Nuclear Giant Constellation Closes Calpine Deal While Retail Investors Lose Faith### Quick ReadConstellation Energy (CEG) is down 17% year-to-date to $293. Retail investor sentiment dropped from 54.7 to 41.1.Constellation closed the Calpine ...

司旗 长江证券电力公用分析师: 各位领导好，我是长城证券电力公用张伟华团队的分析师思齐。很高兴今天在这个马年的 第一个交易日由我来给各位领导这边。汇报我们这个城城公用开门红系列电话会议的第一 期，那么怎么去看待节后电力行业的一个行情？那我们先说结论，那我们认为的话，其实 虽然说今年整体大家对于这个牛市的一个氛围是比较浓烈，但是从整个电力行业的市场来 讲的话，我们认为正在逐步的进入到了一个击球区。那么电力行业的话，在这个从 2 月份 往后的这个时间段，尤其是进入到了二季度开始的话，可能就会进入到一个传统的这么一 个表现强势的。 这么一个行情窗口期里面，所以在当下这个时间节点的话，我们认为其实电力行业的一个 配置价值是在逐步的一个凸显，包括其实我们从近期的路演的反馈来看的话。也能很明显 的感觉得到来关心电力行业的一些投资者和领导在变得逐步的一个增多起来。那么从结论 性的角度上面来讲的话，我们会建议如果是关心这个或者说侧重边际变化的一些资金的配 置需求的话，我们觉得在四个子板块里面的话，相对来讲像绿电以及包括核电的产业链， 我们认为可能都是一个比较好的一个选择。 那么如果是关注一些更长期的一些配置价值，一些更偏这个 ...

Core Viewpoint - Pinnacle West Capital Corporation is experiencing a modest upward trend in analyst price targets, indicating increased confidence in its stock performance despite some concerns regarding earnings potential [2][3][6]. Group 1: Company Overview - Pinnacle West Capital Corporation operates primarily in Arizona through its subsidiary, Arizona Public Service Company, providing electricity generation, transmission, and distribution [1]. - The company serves approximately 1.3 million customers and utilizes a diverse energy mix, including coal, nuclear, gas, oil, and solar [1]. Group 2: Price Target and Analyst Ratings - The average price target for Pinnacle West's stock has increased from $93.33 last quarter to $96 last month, showing a positive trend [2]. - A year ago, the price target was $94.89, indicating a gradual increase in analyst confidence over time [2]. - Credit Suisse has set a lower price target of $73, reflecting concerns about the company's ability to meet earnings expectations [3][6]. - Pinnacle West has received a Zacks Rank 2 (Buy) upgrade, suggesting optimism about its earnings potential [4][6]. Group 3: Market Insights - Changes in consensus price targets and analyst ratings provide valuable insights into market perceptions of Pinnacle West's future prospects [5]. - Recent company news and earnings reports are crucial for understanding the factors influencing these targets and expectations [5].

Core Viewpoint - Emera Inc. has demonstrated strong financial performance in 2025, leading to a positive outlook from TD Securities, which maintains a "Buy" rating and raises the price target for the stock. Group 1: Financial Performance - Emera reported its strongest year ever in 2025, driven by record capital deployment and robust performance at Tampa Electric [2][5] - The company safely deployed a record CAD 3.6 billion in capital in 2025, resulting in approximately 8% growth in the rate base compared to 2024 [3] - Emera achieved over CAD 1 billion in annual adjusted net income for the first time, with an adjusted EPS of CAD 3.49, marking a 19% year-over-year increase [3] Group 2: Market Position and Stock Performance - Emera competes with other energy firms like Fortis Inc. and Hydro One, and has a market capitalization of approximately CAD 15.26 billion [1][4] - Despite a slight decrease in stock price to $50.57, the company has seen a high of $52.15 and a low of $39.19 over the past year [4] - TD Securities has raised the price target for Emera from C$74 to C$75, reflecting confidence in the company's growth momentum entering 2026 [5]

Core Insights - Endesa, S.A. is a leading utility company in Spain, involved in electric power and natural gas generation, distribution, and retail, serving millions of customers in Spain and Portugal as a subsidiary of the Enel Group [1] Financial Performance - Endesa reported earnings per share (EPS) of $0.70, below the expected $0.80, with actual revenue of approximately $5.56 billion, missing the estimated $6.38 billion [2][6] - The company's Q4 2025 earnings call highlighted plans to invest 10.6 billion euros ($12.5 billion) over the next three years, focusing on building and upgrading power networks to enhance infrastructure and efficiency [3][6] Market Position - Endesa's stock opened at $35.45, with a 52-week range between $22.43 and $38.37, indicating a stable market presence and reflecting investor confidence despite the earnings miss [4][6] - The company has a price-to-earnings (P/E) ratio of approximately 16.10, a price-to-sales ratio of about 1.67, and an enterprise value to sales ratio of around 2.17, suggesting a balanced valuation [5] - Endesa's debt-to-equity ratio is approximately 1.24, and the current ratio is 0.93, indicating a moderate level of financial leverage and liquidity [5]

MADISON, Wis.--(BUSINESS WIRE)--MGE Energy Reports Fourth-Quarter and Full-Year 2025 Earnings. ...

Core Viewpoint - Constellation Energy Corporation reported mixed financial results for the fourth quarter, with adjusted earnings slightly missing expectations but revenue significantly exceeding forecasts [1][2]. Financial Performance - Adjusted earnings per share for the fourth quarter were $2.30, just below the consensus estimate of $2.31 [1]. - Revenue for the quarter reached $6.07 billion, surpassing the analyst estimate of $4.95 billion and reflecting a 13% increase from $5.38 billion in the same quarter of the previous year [1]. Factors Influencing Performance - Management indicated that the quarterly performance was impacted by unfavorable results from the nuclear production tax credit portfolio, which was partially offset by favorable market conditions and portfolio optimization [2]. - Adjusted operating earnings decreased from $2.44 per share in the fourth quarter of 2024 [2]. Full-Year Performance - For the full year 2025, Constellation reported adjusted earnings of $9.39 per share, an increase from $8.67 per share in 2024, attributed to strong commercial execution and high performance from its nuclear fleet [2]. Acquisition and Production - The company completed the acquisition of Calpine Corporation on January 7, 2026, establishing itself as the largest electricity producer in the United States [3]. - During the quarter, the nuclear fleet generated 45,459 gigawatt-hours, remaining essentially flat compared to 45,494 gigawatt-hours a year earlier, with a capacity factor of 93.1% [3].

Key Takeaways CEG reported Q4 EPS of $2.30, beating estimates, as revenues rose 12.8% year over year.CEG completed Calpine acquisition, forming the nation's largest electricity producer.CEG secured 20-year NRC renewals for Clinton and Dresden clean energy centers.Constellation Energy Corporation (CEG) reported fourth-quarter 2025 earnings of $2.30 per share, which surpassed the Zacks Consensus Estimate of $3.13 by 4.54%. However, the bottom line decreased 5.7% from the year-ago quarter’s figure of $2.44.CEG ...

Feb 24 (Reuters) - Alphabet's Google doubled down on efforts to secure power supply for its data centers across the country by entering into ‌separate agreements with U.S. utilities, AES Corp and Xcel Energy, on Tuesday. Big ‌Tech firms have been scouring for new, reliable and cleaner energy sources to power their rapidly expanding ​data centers, which have been driven by increasing use of artificial-intelligence applications. To meet the surging demand, utilities have been investing heavily to upgrade ...

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