From Nasdaq: 2025-02-24 11:58:00

Constellation Energy Corporation (CEG) reported fourth-quarter 2024 earnings of $2.44 per share, beating estimates by 11.4%. The company’s focus on expanding its renewable portfolio drove strong performance, with shares closing at $284.44 on Feb. 21, up 113.5% in the past year. CEG also announced plans to acquire Calpine Corporation for $4.5 billion in cash and stock.

Constellation Energy achieved a nuclear operating capacity factor of 94.8% in Q4, with total operating expenses down 23.6% year-over-year. The company repurchased $1 billion in shares in 2024 and has strong earnings estimates for 2025 and 2026. With a focus on clean energy and data centers, CEG is well-positioned for growth.

Factors contributing to CEG’s strong performance include strategic investments in renewable energy and nuclear power. The company’s focus on providing clean, reliable energy aligns with the increasing demand from AI-driven data centers. With a strong return on equity and positive earnings surprises, CEG is trading at a premium compared to its industry peers.

Investors may consider adding Constellation Energy (CEG) to their portfolio for potential dividends, share buybacks, and rising earnings estimates. With a Zacks Rank #2 (Buy) and a track record of outperforming expectations, CEG is well-positioned for growth in the clean energy sector. Explore the latest Zacks #1 Rank (Strong Buy) stocks for more investment opportunities.



Read more at Nasdaq: Should You Add CEG Stock to Your Portfolio After Q4 Earnings Beat?