Constellation Energy Corporation’s stock price was $317.88 on July 21st, with a trailing P/E of 33.50 and a forward P/E of 33.11. The company operates over 55% of the U.S.’s unregulated nuclear capacity, delivering 180TWh of carbon-free electricity annually and avoiding 120 million metric tons of CO2 emissions. In June, CEG signed a 20-year agreement with Meta to supply 1.1GW of nuclear power from its Clinton Plant, potentially boosting earnings per share by $0.85 for each 1GW contracted at $90/MWh. This deal highlights nuclear’s value for reliable, carbon-free baseload generation. CEG is also exploring capacity upgrades and small modular reactors to enhance its clean energy portfolio.
Read more at Yahoo Finance: Constellation Energy Corporation (CEG): A Bull Case Theory