Key Stats for Constellation Energy Stock
- This Week Performance: 6%
- 52-Week Range: $161.4 to $412.7
- Current Price: $312.6
What Happened?
Constellation Energy‘s climb to $312.6 signals a fundamental re-rating of nuclear power’s role in the AI economy, with shares surging roughly 4% today after the company proved its expanding portfolio can convert surging data center demand into consistent earnings beats.
Specifically, yesterday’s earnings report delivered the decisive trigger, as CEG posted Q4 adjusted EPS of $2.3 against Wall Street’s $2.2 consensus estimate, while simultaneously announcing a 10% dividend hike for 2026 that signaled management’s deep confidence in forward cash flows.
Underneath the beat, the engine powering CEG’s momentum is its unique combination of the nation’s largest nuclear fleet and a freshly closed $16.4 billion Calpine acquisition, which added natural gas and geothermal capacity just as PJM Interconnection’s new “bring-your-own-generation” framework began accelerating bilateral power deals with hyperscalers.
Consequently, the market is actively retiring CEG’s identity as a traditional utility and repricing it as a critical AI infrastructure provider, a shift reflected in the stock’s 45.6% gain in 2025 and reinforced by a Wall Street median 12-month price target of $405.0, roughly 37.8% above its February 23 close.
Meanwhile, CEO Joe Dominguez stated on the Q4 earnings call that “with the nation’s largest nuclear fleet at the core of our strategy, we’re pairing the grid’s most reliable power with flexible resources to meet accelerating demand driven by electrification and the data economy,” underscoring how the CyrusOne 380 MW agreement at the Freestone Energy Center in Texas extends CEG’s hyperscaler pipeline well beyond its existing Microsoft and Meta contracts.
Beyond the earnings reaction, Melius Research analyst James West reinforced institutional conviction by stating CEG is “well-positioned to supply rapidly growing data center demand in 2026,” while the broader analyst community maintains 15 buy or strong buy ratings against only 5 holds and zero sells.
Looking further out, CEG’s NRC-approved license extensions for Clinton station through 2047 and Dresden reactors through 2049 and 2051, paired with a DOE loan guarantee of up to $1 billion for the Crane Clean Energy Center restart, position the company as the irreplaceable long-duration power backbone of America’s AI infrastructure buildout over the next decade.
Wall Street’s Take on CEG Stock
That Q4 earnings beat and the completed Calpine acquisition now position CEG to convert its expanded nuclear, natural gas, and geothermal portfolio directly into accelerating free cash flow as hyperscaler power demand intensifies through 2026 and beyond.
The fundamental case rests on analysts projecting revenue to recover from a 5.7% decline in 2025 to 5.0% growth in 2026, while normalized EPS climbs from $3.2 to $3.3, supported by EBITDA margins expanding to 9.8% as the Calpine integration scales.
What Does the Valuation Model Say?
That Q4 earnings beat and the completed Calpine acquisition now position CEG to convert its expanded nuclear, natural gas, and geothermal portfolio directly into accelerating free cash flow as hyperscaler power demand intensifies through 2026 and beyond.
The fundamental case rests on analysts projecting revenue to recover from a 5.7% decline in 2025 to 5.0% growth in 2026, while normalized EPS climbs from $3.2 to $3.3, supported by EBITDA margins expanding to 9.8% as the Calpine integration scales.
However, a TIKR mid-case valuation model built against CEG’s post-Calpine growth profile prices the stock at just $142.5, projecting a 54.4% total loss over 5.8 years at a negative 14.9% annualized IRR, suggesting the current price already embeds years of perfect execution and multiple expansion that the fundamentals do not yet support.
The core risk is precisely that multiple compression, with Constellation Energy stock’s P/E contracting at a projected 3.7% CAGR in the mid case, meaning even strong EPS growth of nearly 9.9% annually may not be enough to sustain a stock that traded at 26 times forward earnings after already gaining 45.6% in 2025.
At $312.6, CEG looks like a compelling long-term strategic asset trading at a price that demands flawless execution, making it a wait-and-see for valuation-conscious investors until the March 31 guidance call provides clearer visibility on 2026 earnings power.
Should You Invest in Constellation Energy Stock Corporation?
The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question.
Pull up CEG stock and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.
You can build a free watchlist to track Constellation Energy Corporation alongside every other stock on your radar. No credit card required. Just the data you need to decide for yourself.
Access Professional Tools to Analyze CEG stock on TIKR for Free →
