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Constellation Energy (CEG)

Utilities · independent power producer / utility · NASDAQ

Constellation Energy is the nation's largest producer of carbon-free electricity, leveraging a massive nuclear fleet to serve retail and wholesale energy markets.

What Constellation Energy does

Constellation Energy is a major energy provider specializing in carbon-free electricity generation and competitive power supply. The company operates a massive fleet of nuclear, solar, wind, and hydroelectric power plants, alongside a retail business providing energy solutions to commercial, industrial, and residential customers.

Themes: carbon-free energy, nuclear energy, renewable energy transition, retail electricity sales, wholesale power generation

Fundamentals

  • Price$272.88 as of 2026-08-21 close
  • Market cap$96.7B as of 2026-08-21
  • 1-year return-12.7% 2025-08-21 close $312.52 → 2026-08-21 close $272.88
  • P/E28.49 as of 2026-08-24
  • Net margin+11.1% as of 2026-08-24
  • Gross margin+43.9% as of 2026-08-24
  • ROE+14.7% as of 2026-08-24
  • Debt / equity0.77 as of 2026-08-24
  • Revenue growth (YoY)+26.0% as of 2026-08-24
  • Revenue CAGR (3y)+1.5% SEC XBRL
  • Beta1.13 as of 2026-08-24
  • Last reported earnings2026-08-06 SEC EDGAR Form 8-K (Item 2.02)

Dividend: yield +0.9%; at least 4 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.

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How CEG compares in its sector

  • price-to-earnings ratiotop 25% 67 covered Utilities peers, as of 2026-08-24
  • net profit marginmiddle range 71 covered Utilities peers, as of 2026-08-24
  • operating marginbottom 25% 71 covered Utilities peers, as of 2026-08-24
  • gross marginmiddle range 53 covered Utilities peers, as of 2026-08-24
  • return on equitytop 10% 72 covered Utilities peers, as of 2026-08-24
  • 3-year revenue CAGRmiddle range 70 covered Utilities peers
  • indicated dividend yieldbottom 10% 67 covered Utilities peers, as of 2026-08-24
  • free cash flow (absolute dollars, latest fiscal year)top 10% 57 covered Utilities peers, as of FY2025

Position among covered Utilities companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.

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Top 10 scores & list membership

CEG is not currently in any published Top 10 list. Its scores are below.

Long-term score

37.0 #876 of 987 scored · #48 of 55 in Utilities

  • Profitability47.5
  • Growth59.4
  • Financial health24.3
  • Valuation26.6
  • Capital return36.1
  • Long-term trend21.7

Growth 59th (revenue growth year over year 26%, 3-year revenue CAGR 1.5%) and profitability 48th (return on equity 14.7%, operating margin 14.7%); weakest is long-term trend (22nd, a "death cross" — its 50-day average is below its 200-day).

Short-term score

41.0 #1342 of 1,704 scored · #42 of 59 in Utilities

  • Trend45.3
  • Momentum50.9
  • Setup66.1
  • Volume and participation26.9
  • Catalysts11.4

Setup 66th: day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 1% of the past ~6 months), which often precedes a bigger move; momentum 51st: its RSI momentum gauge is in neutral territory; weakest is catalysts 11th: the analyst consensus rating has softened toward "sell" since the prior reading.

Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.

Dividend coverage (FY2025)

Covered by reported results. In FY2025, CEG's dividend was covered by reported results (earnings payout 21%, free-cash-flow payout 38%). This describes past coverage, not a forecast.

  • Earnings payout21% dividends / net income
  • Free-cash-flow payout38% dividends / (operating cash flow − capex)

Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.

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How Constellation Energy looks technically

Constellation Energy (CEG) is trading 9.6% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 129 trading days ago — a "death cross", a bearish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 17, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 53, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 1 trading day ago (its momentum flipped negative). It made a new 20-day high about 6 trading days ago. It is 33.9% below its highest point of the past year. Day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 1% of the past ~6 months), which often precedes a bigger move.

Trend

8
Distance from the 200-dayit is trading 9.6% below its 200-day average, the long-term trend line — a long-term downtrend-9.6%
50-day moving averageits average price over the last 50 trading days — a short-term trend line — is $263.12$263.12
200-day moving averageits average price over the last 200 trading days — the long-term trend line — is $301.73$301.73
Swing structureeach recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes nexthigher highs and higher lows
Last swing turnits last significant turn was a swing high 7 calendar days ago — the swings before that are what the structure reading is measured on7 sessions
Wave structureits recent swings can be read as a completed three-part upward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes above 287. It is the only labelling that fits, and it describes the swings already printed, not what comes next.possible three-wave upward correction, complete
Since the 50/200 crossits 50-day average crossed below its 200-day average about 129 trading days ago — a "death cross", a bearish long-term signal129 sessions
Trend strength (14-day ADX)there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 17, below the 25 that marks a real trend)17.0

Momentum

3
14-day RSImomentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 53, neither overbought (above 70) nor oversold (below 30)52.8
Position in its 14-day rangeit is trading around the middle of its 14-day range ($260.68 to $287.00) — its "stochastic" reading is 46 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions.46.4
Since the MACD crossed zeroMACD, a trend-momentum gauge, turned bearish about 1 trading day ago (its momentum flipped negative)1 session

Range

12
52-week highits highest closing price over the past year (about 252 trading days) was $412.58$412.58
From the 52-week highit is 33.9% below its 52-week high (its highest price of the past year)-33.9%
Above the 52-week lowit is 19.4% above its 52-week low (its lowest price of the past year)+19.4%
Below the 52-week highit is 33.9% below its highest point of the past year33.9%
Since a 20-day breakoutit made a new 20-day high about 6 trading days ago6 sessions
Since a 55-day breakoutit made a new 55-day low about 37 trading days ago37 sessions
All-time highits highest closing price on record is $412.58 (set on 2025-10-15)$412.58
Given back of the 52-week moveover the past year its closes ranged ($236.50 to $403.95), and it has recovered roughly a quarter of its fall from last year’s high — 22% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $339.98 to $345.34. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast.21.7%
From the all-time highit is 33.9% below its all-time high-33.9%
Nearest price levelit is trading 1.9% below a resistance level at $278.10 — a price it turned at three times since 2026-03-20, most recently on 2026-07-24. Since 2024-08-21 it has 5 such levels below the current price and 10 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go.+1.9%
All-time lowits lowest closing price on record is $13.00 (set on 2008-09-16)$13.00
Above the all-time lowit is 1999.1% above its all-time low+1,999%

Volatility

5
Band width vs its own 6 monthsday-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 1% of the past ~6 months), which often precedes a bigger move0th percentile
Typical daily rangein a typical session it travels about $9.72 between its high and its low — about 3.6% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was$9.72
Bollinger bands (20-day, ±2σ)most of its recent trading has stayed between about $256.43 and $284.05 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles$256.43 – $270.24 – $284.05
Typical daily range (% of price)its price moves about 3.6% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price3.6%
Stretch from the 200-day averageit is trading 3.0 daily ranges below its 200-day average price (9.6% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale3.0 daily ranges below its 200-day average

Volume

1
Volume vs its 30-day averagetrading volume is about normal versus its 30-day average0.75×

Analyst

2
Change in the average price targetanalysts have cut their average price target by 0.4% since the prior reading-0.4%
Change in the consensus ratingthe analyst consensus rating has softened toward "sell" since the prior reading0.02 toward sell

Candlestick patterns

2
Since a doji1 session ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level1 session ago
Since a bearish engulfing4 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it4 sessions ago

Price gaps

3
Gap at the openit opened on 2026-08-21 1.0% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close+1.0%
Open gapit gapped 4.4% below the previous close 54 sessions ago and has not traded back through the level it left behind at 287.75 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed-4.4%
Gap filleda 2.2% gap up opened on 2026-08-12 has been "filled" 7 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it7 sessions ago

Price streaks

1
Closing streakit has closed lower 2 sessions in a row, a -0.47% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session2 sessions down

Relative strength

4
vs market, 1 monthover the past 1 month this stock beat the market by 1.7 percentage points (the stock gained 4.1% while the market gained 2.3%)+1.7%
vs market, 3 monthsover the past 3 months this stock lagged the market by 7.6 percentage points (the stock lost 4.5% while the market gained 3.1%)-7.6%
vs market, 6 monthsover the past 6 months this stock lagged the market by 18.5 percentage points (the stock lost 7.4% while the market gained 11.1%)-18.5%
vs market, 12 monthsover the past 12 months this stock lagged the market by 33.2 percentage points (the stock lost 12.7% while the market gained 20.5%)-33.2%

Signal agreement

2
Bullish technical signals0 of the 9 technical signals we can compute for it are currently in a bullish state — these describe past price behaviour, not a forecast0 of 9
Bearish technical signals4 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, MACD momentum is negative, lagging the market over 6 months — these describe past price behaviour, not a forecast4 of 9

Trend (Ichimoku cloud)

1
Vs the Ichimoku cloudtrading inside the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the zone traders read as unresolved — neither side has established a trend, and the band is where that gets settled. The band itself is thick, spanning 9.2% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross.0.0%

Volume-weighted price

2
Vs this year’s average price paidthe price is 4% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $284.49 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP.-4.1%
Vs the average paid since it last reportedthe price is sitting right on the average price paid since it last reported on 2026-08-06 (its 10-Q), so the typical buyer over that stretch is roughly break-even. That average is $272.47 — a volume-weighted average of daily closes over 12 sessions, not a true tick-by-tick VWAP.+0.1%

Price levels it has turned at before

CEG last closed at $272.88 on 2026-08-21. Since 2024-08-21 it has turned at 5 prices below its last close and 10 above; the 3 nearest below and the 3 nearest above are listed, nearest first.

LevelSideDistanceEvidence
$278.10Resistance1.9% above the last closeturned there three times · 2026-03-20 to 2026-07-24
$265.96Support2.5% below the last closeturned there three times · 2024-11-26 to 2026-07-14
$285.90Resistance4.8% above the last closeturned there five times · 2024-10-07 to 2026-08-14
$258.01Support5.5% below the last closeturned there four times · 2025-01-28 to 2026-08-06
$294.77Resistance8.0% above the last closeturned there three times · 2025-05-13 to 2026-03-12
$243.72Support10.7% below the last closeturned there three times · 2026-02-05 to 2026-07-17

A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.

Wave structure

Its recent swings can be read as a three-part upward correction — the A-B-C shape chartists use for a pullback — now complete.

This labelling fails — stops being a possible reading at all — if it closes above $287.00.

It is the only labelling that fits these swings, though its proportions are not the textbook ones.

This reading has stood for 1 trading day, since 2026-08-21.

Read from daily closes as of 2026-08-21.

An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.

Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.

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Analyst consensus

  • Consensus ratingBuy (1.55 mean, 1=Strong Buy…5=Strong Sell) — 20 analysts
  • Mean price target$348.45 range $290.00 – $441.00; median $341.50

Analyst estimates, as of 2026-08-19. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.

Analyst EPS estimate for CEG

  • Consensus EPS estimate$3.67 next reporting period, as of 2026-08-19

Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.

The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.

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Key risks (from latest filing)

["exposure to volatility in wholesale energy prices and commodity markets","operational, regulatory, and safety risks associated with nuclear power plant operations","dependency on favorable regulatory policies and environmental legislation for carbon-free energy incentives"]

See CEG's biggest risks from its latest 10-Q →

What changed in the latest 10-Q

AI-assisted comparison of CEG's 10-Q filed 2026-05-11 against the prior one filed 2025-11-07.

Management's Discussion & Analysis (MD&A)

  • Added:
    • Note 15 reference (replacing Note 14) in commitment and contingency disclosures (2026-05-11 vs 2025-11-07)
    • Three Months Ended March 31, 2026 financial statements with comparisons to 2025 (2026-05-11)
    • Operating revenues of $11,122M for Q1 2026 vs $6,788M for Q1 2025 (2026-05-11)
    • Net income attributable to common shareholders of $1,590M for Q1 2026 vs $118M for Q1 2025 (2026-05-11)
    • Acquisition of Calpine with cash payments of $2,537M and common stock issuance of $17,507M in Q1 2026 (2026-05-11)
    • Exchange of Calpine senior notes for Constellation senior notes totaling $2,290M (2026-05-11)
    • Goodwill balance of $11,527M at March 31, 2026 vs $420M at December 31, 2025 (2026-05-11)
    • Property, plant, and equipment of $40,769M at March 31, 2026 vs $22,474M at December 31, 2025 (2026-05-11)
    • Long-term debt of $16,994M at March 31, 2026 vs $7,250M at December 31, 2025 (2026-05-11)
    • Total assets of $96,911M at March 31, 2026 vs $57,249M at December 31, 2025 (2026-05-11)
  • Removed:
    • Three Months Ended September 30 and Nine Months Ended September 30 comparative financial statements (2025-11-07)
    • Nine Months Ended September 30 cash flow statements (2025-11-07)
    • September 30, 2025 balance sheet with December 31, 2024 comparisons (2025-11-07)
    • Collection of DPP cash flow item (2025-11-07)
    • Repurchases of common stock line item in financing activities (2025-11-07)
    • Detailed breakdown of customer accounts receivable, other accounts receivable, and mark-to-market derivative assets in current assets (2025-11-07)
    • Detailed breakdown of natural gas, oil, and emission allowances within inventories (2025-11-07)
  • Reworded:
    • Period changed from nine months/third quarter ended September 30 to three months ended March 31 (2026-05-11 vs 2025-11-07)
    • Balance sheet comparison date changed from September 30, 2025 vs December 31, 2024 to March 31, 2026 vs December 31, 2025 (2026-05-11 vs 2025-11-07)
    • Consolidated financial statement format simplified by combining derivative assets and accounts receivable line items in current assets (2026-05-11 vs 2025-11-07)
    • Inventories presentation consolidated into single line item with net description (2026-05-11 vs 2025-11-07)
    • Assets held for sale added as separate current asset line (2026-05-11)
  • Notes:
    • The newer filing presents Q1 2026 results while older filing presented Q3 2025 and nine-month results; periods are not comparable
    • The Calpine acquisition significantly impacts comparability of balance sheet and operating metrics between the two filings
    • Older filing's balance sheet presentation details are truncated; full detail unavailable for complete line-item comparison

AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.

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Insider activity (SEC Form 4)

No open-market insider purchases or sales are on record for CEG — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.

View full insider trading history → View SEC Form 3/4/5 filings

Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.

Congressional trading disclosures

U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 8 matched disclosures for CEG from U.S. House Clerk Periodic Transaction Report filings.

Congressional trading disclosures →

Institutional ownership (13F)

5 institutional 13F filers reported holding CEG as of 2026-03-31 (quarter-end position, filed within 45 days).

  • Distinct 13F filers 5
  • Reported shares held 55,446,056
  • Reported value $15,483,311,087

reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 4 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".

Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.

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Short interest (FINRA)

CEG had 10,429,475 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).

CEG had 2.94% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 3.9 days to cover at the same settlement.

  • Reported short interest (shares) 10,429,475
  • Short interest (% of shares outstanding) 2.94%
  • Prior settlement (shares) 10,654,877
  • Reported change -2.12%
  • Days to cover (reported) 3.9

Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.

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Competitors & peers

AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.

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Frequently asked questions

What does Constellation Energy (CEG) do?

Constellation Energy is a major energy provider specializing in carbon-free electricity generation and competitive power supply. The company operates a massive fleet of nuclear, solar, wind, and hydroelectric power plants, alongside a retail business providing energy solutions to commercial, industrial, and residential customers.

What sector is Constellation Energy (CEG) in?

Constellation Energy (CEG) is classified in the Utilities sector. Its industry is independent power producer / utility. It trades on NASDAQ.

Does CEG pay a dividend?

Yes — Constellation Energy (CEG) pays a dividend, with an indicated yield of about 0.91% and at least 4 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-08-24). Informational only — not financial advice.

Who are Constellation Energy's (CEG) competitors?

Notable peers of Constellation Energy (CEG) include NextEra Energy, Duke Energy, Southern Company, Exelon and Vistra. This peer set is informational only — not financial advice.

Has there been recent Congressional stock trading in CEG?

Yes — we hold 8 matched STOCK Act disclosures for CEG from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.

Is Constellation Energy (CEG) overbought or oversold right now?

Constellation Energy (CEG) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 53, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.

Where does stocks-llm's data on CEG come from?

Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.

Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.

Last updated 2026-08-21.

Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.

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