Constellation Energy Corp (CEG) AI Stock Summary

Profitable utility with rich valuation

Updated May 13, 2026

Snapshot

Constellation Energy is a profitable utility with a market cap of $109.24 billion. In FY 2025, it generated $25.53 billion in revenue (up 8.3% YoY), $19.36 billion in gross profit (75.8% gross margin), and $2.32 billion in net income. The company has a strong operating cash flow of $4.24 billion and a free cash flow of $1.29 billion. It holds $3.75 billion in cash and has $8.99 billion in total debt. The Calpine acquisition adds significant capacity and is expected to drive growth, but the stock is trading near its 52-week low.

What's Happening Right Now

Mon 11th May '26 · Earnings: Constellation Energy reported Q1 2026 GAAP net income of $1.59 billion, or $4.49 per share, well ahead of estimates.
Mon 11th May '26 · Earnings: Constellation Energy's Q1 2026 results beat Wall Street estimates, with adjusted operating earnings of $2.74 per share and revenue of $11.12 billion.
Tue 28th Apr '26 · Acquisition: Constellation Energy is rated Buy, leveraging its dominant U.S. nuclear fleet and strong AI/data center power demand tailwinds. The Calpine acquisition adds 23 GW capacity and is projected to drive 20% EPS growth in 2026.
Thu 16th Apr '26 · Stock performance: Constellation Energy's stock is down 28% from its 52-week high, partly due to regulatory uncertainty and EPS guidance below analyst expectations.
Wed 18th Mar '26 · Regulatory: Constellation Energy will sell a portfolio of PJM generation assets to LS Power for $5 billion as part of regulatory commitments tied to its Calpine acquisition.

Bottom Line

Constellation Energy is a profitable utility with a strong focus on nuclear and renewable energy. The company has a rich valuation at 38.86 times earnings, and the stock is trading near its 52-week low. Recent earnings beats and the Calpine acquisition are positive signals, but regulatory uncertainty and lower-than-expected EPS guidance have weighed on the stock. A reader would need to weigh the company's growth prospects against its current valuation and market sentiment.