CEG Stock Analysis: Constellation Energy | NASDAQ
Utilities - Independent Power Producers | NASDAQ, USA | Market Cap: 94.147m USD | 12M Return: -19.8% | US21037T1097 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 973M
EPS Trend: 93.2%
Qual. Beats: 2
Rev. Trend: 81.8%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 4.8 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
Constellation Energy Corporation produces and sells energy products and services in the United States, operating through five geographic segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. The company is among the largest power generators in the U.S., with a diversified capacity portfolio spanning nuclear, wind, solar, natural gas, and hydroelectric assets.
Its customer base includes distribution utilities, municipalities, and cooperatives, alongside commercial, industrial, public sector, and residential customers. As an electric utility in the GICS classification, Constellation operates in a regulated and capital-intensive sector characterized by long-lived generation assets and stable, recurring demand. The company is headquartered in Baltimore, Maryland, and began trading publicly following its 2022 IPO after being incorporated in 2021.
- AI data center demand lifts wholesale power prices
- Calpine acquisition expands natural gas generation portfolio
- State clean energy laws support nuclear capacity payments
| Net Income: 4.37b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 1.84 > 1.0 |
| NWC/Revenue: 18.06% < 20% (prev 16.88%; Δ 1.18% < -1%) |
| CFO/TA 0.06 > 3% & CFO 5.78b > Net Income 4.37b |
| Net Debt (22.4b) to EBITDA (9.31b): 2.40 < 3 |
| Current Ratio: 1.49 > 1.5 & < 3 |
| Outstanding Shares: last quarter (354.0m) vs 12m ago 13.10% < -2% |
| Gross Margin: 30.81% > 18% (prev 20.25%; Δ 10.57% > 0.5%) |
| Asset Turnover: 44.10% > 50% (prev 44.23%; Δ -0.14% > 0%) |
| Interest Coverage Ratio: 7.32 > 6 (EBIT TTM 6.34b / Interest Expense TTM 866.0m) |
| A: 0.06 (Total Current Assets 18.9b - Total Current Liabilities 12.7b) / Total Assets 99.2b |
| B: 0.09 (Retained Earnings 9.38b / Total Assets 99.2b) |
| C: 0.08 (EBIT TTM 6.34b / Avg Total Assets 77.7b) |
| D: 0.49 (Book Value of Equity 32.7b / Total Liabilities 66.1b) |
| Altman-Z'' = 1.79 = BBB |
| DSRI: 0.87 (Receivables 4.54b/3.78b, Revenue 34.2b/24.8b) |
| GMI: 0.66 (GM 20.25% / 30.81%) |
| AQI: 0.97 (AQ_t 0.39 / AQ_t-1 0.40) |
| SGI: 1.38 (Revenue 34.2b / 24.8b) |
| TATA: -0.01 (NI 4.37b - CFO 5.78b) / TA 99.2b) |
| Beneish M = -3.19 (Cap -4..+1) = AA |
As of November 13, 2026, the stock is trading at USD 282.40 with a total of 3,527,663 shares traded. Over the past week, the price has changed by +17.84%, over one month by -3.91%, over three months by +1.49% and over the past year by -19.78%.
Current recommended Stop Loss: 261.00 (which is 7.6% or 1.6 ATR below the current price).
Constellation Energy has received a consensus analysts rating of 4.36. Therefore, it is recommended to buy CEG.
- StrongBuy: 14
- Buy: 6
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 337.9 | 19.7% |
P/E Trailing = 21.5241
P/E Forward = 20.2429
P/S = 2.7488
P/B = 2.9904
P/EG = 3.7418
Revenue TTM = 34.2b USD
EBIT TTM = 6.34b USD
EBITDA TTM = 9.31b USD
Long Term Debt = 19.0b USD (from longTermDebt, last quarter)
Short Term Debt = 4.35b USD (from shortTermDebt, last quarter)
Debt = 23.4b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 22.4b USD (calculated: Debt 23.4b - CCE 1.01b)
Enterprise Value = 117b USD (94.1b + Debt 23.4b - CCE 1.01b)
Interest Coverage Ratio = 7.32 (Ebit TTM 6.34b / Interest Expense TTM 866.0m)
EV/FCF = 87.15x (Enterprise Value 117b / FCF TTM 1.34b)
FCF Yield = 1.15% (FCF TTM 1.34b / Enterprise Value 117b)
FCF Margin = 3.90% (FCF TTM 1.34b / Revenue TTM 34.2b)
Net Margin = 12.76% (Net Income TTM 4.37b / Revenue TTM 34.2b)
Gross Margin = 30.81% ((Revenue TTM 34.2b - Cost of Revenue TTM 23.7b) / Revenue TTM)
Gross Margin QoQ = 53.93% (prev 17.71%)
Tobins Q-Ratio = 1.17 (Enterprise Value 117b / Total Assets 99.2b)
Interest Expense / Debt = 3.70% (Interest Expense 866.0m / Debt 23.4b)
Taxrate = 26.75% (1.60b / 5.97b)
NOPAT = 4.65b (EBIT 6.34b * (1 - 26.75%))
Current Ratio = 1.49 (Total Current Assets 18.9b / Total Current Liabilities 12.7b)
Debt / Equity = 0.71 (Debt 23.4b / totalStockholderEquity, last quarter 32.7b)
Debt / EBITDA = 2.40 (Net Debt 22.4b / EBITDA 9.31b)
Debt / FCF = 16.74 (Net Debt 22.4b / FCF TTM 1.34b)
Total Stockholder Equity = 28.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.63% (Net Income 4.37b / Total Assets 99.2b)
RoE = 15.51% (Net Income TTM 4.37b / Total Stockholder Equity 28.2b)
RoCE = 13.44% (EBIT 6.34b / Capital Employed (Equity 28.2b + L.T.Debt 19.0b))
RoIC = 5.17% (NOPAT 4.65b / Invested Capital 89.8b)
WACC = 9.67% (E(94.1b)/V(118b) * Re(11.40%) + D(23.4b)/V(118b) * Rd(3.70%) * (1-Tc(0.27)))
Discount Rate = 11.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 77.99 | Cagr: 5.18%
[DCF] Terminal Value 70.94% ; FCFF base≈1.34b ; Y1≈1.34b ; Y5≈1.42b
[DCF] Fair Price = N/A (negative equity: EV 18.1b - Net Debt 22.4b = -4.32b; debt exceeds intrinsic value)
EPS Correlation: 93.17 | EPS CAGR: 45.38% | SUE: 4.0 | # QB: 2
Revenue Correlation: 81.78 | Revenue CAGR: 12.19% | SUE: 0.24 | # QB: 0
EPS current Quarter (2027-03-31): EPS=3.01 | Chg30d=+6.45% | Revisions=+12% | Analysts=8
EPS current Year (2026-12-31): EPS=12.75 | Chg30d=+4.97% | Revisions=+50% | GrowthEPS=+35.8% | GrowthRev=+41.4%
EPS next Year (2027-12-31): EPS=13.41 | Chg30d=+0.36% | Revisions=+10% | GrowthEPS=+5.2% | GrowthRev=+3.0%
[Analyst] Revisions Ratio: +32% (up=13, down=6)