Latest news with #ConstellationEnergyCorporation
Yahoo
21 hours ago
- Business
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Was Jim Cramer Right Choosing Constellation Energy (CEG) Over Vistra Last Year?
We recently published a list of . In this article, we are going to take a look at where Constellation Energy Corporation (NASDAQ:CEG) stands against other stocks that Jim Cramer discusses. Cramer brought up Constellation Energy Corporation (NASDAQ:CEG) in the same segment as a key peer to Vistra. Back then, he explained why he still favored Constellation, highlighting its purer nuclear focus, longer-term stability, and his deeper familiarity with the company's management and performance history. Here are his remarks from back then: 'Right now, we're in the midst of an enormous AI infrastructure buildout… meaning tons and tons of data centers that practically devour electricity… and that's where the independent power producers come in—especially the ones that can provide clean energy like Vistra or Constellation Energy. […] A close up of a wind turbine producing electricity as the sun sets. Although CEG did not outperform Vistra, it's still up by 51.22%, making this a great call. Constellation Energy Corporation (NASDAQ:CEG) is a leading clean energy provider that generates electricity from nuclear, solar, wind, and hydro sources for residential and commercial customers. Cramer recently advised against owning energy stocks due to Microsoft's decision to close down some data centers. Here's what he said in April: 'Now, see, I never really, really care right now, honestly for the energy trade, because then Microsoft will say that it's closing a data center. No one will like the group. So let's stay away from the energy trade. It's too much second derivative, so to speak.' Overall, CEG ranks 2nd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of CEG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
21 hours ago
- Business
- Yahoo
Was Jim Cramer Right Choosing Constellation Energy (CEG) Over Vistra Last Year?
We recently published a list of . In this article, we are going to take a look at where Constellation Energy Corporation (NASDAQ:CEG) stands against other stocks that Jim Cramer discusses. Cramer brought up Constellation Energy Corporation (NASDAQ:CEG) in the same segment as a key peer to Vistra. Back then, he explained why he still favored Constellation, highlighting its purer nuclear focus, longer-term stability, and his deeper familiarity with the company's management and performance history. Here are his remarks from back then: 'Right now, we're in the midst of an enormous AI infrastructure buildout… meaning tons and tons of data centers that practically devour electricity… and that's where the independent power producers come in—especially the ones that can provide clean energy like Vistra or Constellation Energy. […] A close up of a wind turbine producing electricity as the sun sets. Although CEG did not outperform Vistra, it's still up by 51.22%, making this a great call. Constellation Energy Corporation (NASDAQ:CEG) is a leading clean energy provider that generates electricity from nuclear, solar, wind, and hydro sources for residential and commercial customers. Cramer recently advised against owning energy stocks due to Microsoft's decision to close down some data centers. Here's what he said in April: 'Now, see, I never really, really care right now, honestly for the energy trade, because then Microsoft will say that it's closing a data center. No one will like the group. So let's stay away from the energy trade. It's too much second derivative, so to speak.' Overall, CEG ranks 2nd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of CEG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Constellation Energy Corporation (CEG) is Attracting Investor Attention: Here is What You Should Know
Constellation Energy Corporation (CEG) has recently been on list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this company have returned +7.1%, compared to the Zacks S&P 500 composite's +5.3% change. During this period, the Zacks Alternative Energy - Other industry, which Constellation Energy Corporation falls in, has gained 11.3%. The key question now is: What could be the stock's future direction? Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For the current quarter, Constellation Energy Corporation is expected to post earnings of $2.28 per share, indicating a change of +35.7% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days. The consensus earnings estimate of $9.43 for the current fiscal year indicates a year-over-year change of +8.8%. This estimate has changed -1.3% over the last 30 days. For the next fiscal year, the consensus earnings estimate of $11.54 indicates a change of +22.4% from what Constellation Energy Corporation is expected to report a year ago. Over the past month, the estimate has changed +0.8%. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Constellation Energy Corporation is rated Zacks Rank #3 (Hold). The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth. In the case of Constellation Energy Corporation, the consensus sales estimate of $5.05 billion for the current quarter points to a year-over-year change of -7.7%. The $23.51 billion and $25.65 billion estimates for the current and next fiscal years indicate changes of -0.3% and +9.1%, respectively. Constellation Energy Corporation reported revenues of $6.79 billion in the last reported quarter, representing a year-over-year change of +10.2%. EPS of $2.14 for the same period compares with $1.82 a year ago. Compared to the Zacks Consensus Estimate of $5.92 billion, the reported revenues represent a surprise of +14.61%. The EPS surprise was 0%. Over the last four quarters, Constellation Energy Corporation surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period. No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is. As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. Constellation Energy Corporation is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade. The facts discussed here and much other information on might help determine whether or not it's worthwhile paying attention to the market buzz about Constellation Energy Corporation. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Constellation Energy Corporation (CEG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
BofA Lifts Constellation Energy (CEG) Price Target to $343 After Meta Power Deal
We recently published a list of . In this article, we are going to take a look at where Constellation Energy Corporation (NASDAQ:CEG) stands against other trending AI stocks on Wall Street right now. On June 3rd, BofA Securities analyst Ross Fowler reiterated a 'Buy' rating on Constellation Energy Corporation (NASDAQ:CEG) and increased the price target from $318.00 to $343. The rating reaffirmation follows Constellation's announcement of a 20-year Purchased Power Agreement (PPA) with Meta Platforms at its Clinton nuclear site. Constellation plans to increase the facility's capacity by 30 megawatts, adding to its current nameplate of 1,121 megawatts. A winemaker examining a glass of red wine from a barrel in a cellar. The company also plans to extend the site's early site permit or seek a new construction permit from the Nuclear Regulatory Commission (NRC). Further development at the site may include s Small Modular Reactor (SMR) or a large AP1000 type unit, aligning with previous management statements. The firm has therefore updated its target as it adjusted EPS estimates to incorporate the PPA and also adjusted its nuclear multiple to 14 times, up from the previous 11 times, based on the increasing likelihood of datacenter deals. Due to increasing regulatory clarity and incremental deals, the firm is optimistic that more datacenter deals are on the horizon. Constellation Energy Corporation (NASDAQ:CEG) is an energy provider specializing in clean, carbon-free energy solutions. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
5 days ago
- Business
- Yahoo
BofA Lifts Constellation Energy (CEG) Price Target to $343 After Meta Power Deal
We recently published a list of . In this article, we are going to take a look at where Constellation Energy Corporation (NASDAQ:CEG) stands against other trending AI stocks on Wall Street right now. On June 3rd, BofA Securities analyst Ross Fowler reiterated a 'Buy' rating on Constellation Energy Corporation (NASDAQ:CEG) and increased the price target from $318.00 to $343. The rating reaffirmation follows Constellation's announcement of a 20-year Purchased Power Agreement (PPA) with Meta Platforms at its Clinton nuclear site. Constellation plans to increase the facility's capacity by 30 megawatts, adding to its current nameplate of 1,121 megawatts. A winemaker examining a glass of red wine from a barrel in a cellar. The company also plans to extend the site's early site permit or seek a new construction permit from the Nuclear Regulatory Commission (NRC). Further development at the site may include s Small Modular Reactor (SMR) or a large AP1000 type unit, aligning with previous management statements. The firm has therefore updated its target as it adjusted EPS estimates to incorporate the PPA and also adjusted its nuclear multiple to 14 times, up from the previous 11 times, based on the increasing likelihood of datacenter deals. Due to increasing regulatory clarity and incremental deals, the firm is optimistic that more datacenter deals are on the horizon. Constellation Energy Corporation (NASDAQ:CEG) is an energy provider specializing in clean, carbon-free energy solutions. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
