Constellation Energy stock outperforms S&P 500 with a 25.1% rise in past 3 months

From Nasdaq: 2024-12-11 14:47:25

Constellation Energy Corporation (CEG) is a leading energy provider with a market cap of $72.7 billion, offering various energy services to customers in the US. The company has a generating capacity of approximately 33,094 megawatts from diverse energy sources like nuclear, wind, solar, natural gas, and hydroelectric.

CEG’s stock has risen 25.1% in the past three months, outperforming the S&P 500 Index. Long-term, shares surged 100.4% YTD and 101.7% in the past 52 weeks. Despite a recent 12.5% drop due to regulatory concerns, analysts remain cautiously optimistic with a consensus rating of “Moderate Buy” and a mean price target of $281.06.

CEG’s outperformance is driven by partnerships like with Microsoft to restart the Three Mile Island nuclear plant for AI data centers. However, concerns over regulatory risks have impacted its stock price. Rival Duke Energy Corporation has seen a 15.6% rise in the past 52 weeks, lagging behind CEG’s performance.



Read more at Nasdaq: Is Constellation Energy Stock Outperforming the S&P 500?