Constellation Energy's stock soared 91% in 2024 on strong earnings guidance and nuclear reactor news

From Nasdaq: 2025-01-10 19:44:47

Constellation Energy’s stock surged 91% in 2024, primarily driven by strong 2024 earnings guidance and the announcement of restarting a nuclear reactor for Microsoft. With a focus on nuclear power, Constellation is well-positioned to capitalize on the growing demand for clean energy. Investors should watch for a potential pullback before investing.

Constellation Energy recently announced its acquisition of Calpine to become a zero-emissions utility by 2040, further boosting its stock. While the company is a top player in the utility sector, the stock price may have run ahead of its true value, with analysts’ target lower than the current price. Investors should exercise caution.

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Read more at Nasdaq: Here’s How Shares of Utility Company Constellation Energy Defied the Odds to Soar 91% Last Year