STOCK TITAN

Constellation Energy Corporation - CEG STOCK NEWS

Welcome to our dedicated page for Constellation Energy Corporation news (Ticker: CEG), a resource for investors and traders seeking the latest updates and insights on Constellation Energy Corporation stock.

Constellation Energy Corporation Common Stock (symbol: CEG) is a leading company in the energy sector, specializing in the generation, supply, and marketing of clean energy and renewable energy products. The company is dedicated to providing sustainable energy solutions to a diverse range of clients including homes, businesses, public sector entities, community aggregations, and wholesale customers such as municipalities and cooperatives.

Core Business

Constellation Energy Corp focuses on delivering clean energy and comprehensive energy solutions. They offer a variety of pricing options for electric, natural gas, and renewable energy products tailored to meet the needs of companies of all sizes. Their services aim to promote sustainability and reduce the carbon footprint of their clients.

Recent Achievements

Constellation Energy Corp has made significant strides in the renewable energy market. They continue to expand their portfolio of clean energy projects and have formed strategic partnerships to enhance the reach and impact of their solutions.

Current Projects

The company is actively involved in several innovative projects aimed at increasing the availability and efficiency of renewable energy sources. These projects include the development of advanced solar and wind power facilities, as well as cutting-edge energy storage solutions.

Financial Condition

Constellation Energy Corp maintains a robust financial condition, underpinned by steady revenue growth and sound financial management. Their commitment to innovation and sustainability continues to attract investments and foster long-term growth.

Rhea-AI Summary

Constellation (Nasdaq: CEG), the largest producer of carbon-free energy in the U.S., has published its 2024 Sustainability Report. The report emphasizes the company's strategy to accelerate the transition to a carbon-free energy future, support community sustainability goals, and invest in nuclear and renewable energy. Key achievements include producing 178 TWh of clean electricity in 2023, avoiding 125 million metric tons of carbon emissions, and maintaining a 94.4% nuclear fleet capacity factor. Constellation plans to invest $800 million in new equipment for its Illinois nuclear centers, adding 158 MW of clean energy capacity. Additional highlights include acquiring a stake in the South Texas Electric Generating Station, upgrading the Criterion wind project, and spending over $521 million with diverse suppliers. The report also details significant charitable contributions and workforce development initiatives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.9%
Tags
none
-
Rhea-AI Summary

Constellation Energy (Nasdaq: CEG) reported GAAP Net Income of $2.78 per share and Adjusted Operating Earnings of $1.82 per share for Q1 2024. The full-year 2024 Adjusted Operating Earnings guidance range is $7.23 - $8.03 per share. Moody's upgraded the issuer credit rating from Baa2 to Baa1. In April 2024, the company authorized an additional $1 billion for share repurchase. Constellation issued the Nation's first corporate green bond, including nuclear energy.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.8%
Tags
-
Rhea-AI Summary

Constellation Energy (CEG) declared a quarterly dividend of $0.3525 per share on June 10, 2024, for shareholders of record by May 29, 2024. The company is a Fortune 200 entity and a major clean energy producer in the US, aiming for 100% carbon-free generation by 2040.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.74%
Tags
dividends
Rhea-AI Summary
Constellation, the nation's largest producer of reliable, carbon-free energy, seeks to extend the license of its Dresden Clean Energy Center for an additional 20 years. This renewal application with the NRC aims to provide Illinois with 305 terawatt hours of additional carbon-free electricity, surpassing the output of all wind and solar facilities in the state. The facility, currently licensed through 2029 and 2031, plays a important role in addressing the climate crisis and supporting the regional economy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
none
-
Rhea-AI Summary
Constellation's credit rating upgraded by Moody's to Baa1 with a stable outlook due to improved debt coverage metrics and strong financial performance driven by climate policies recognizing nuclear energy as a clean resource. The company, a leading carbon-free energy producer in the U.S., has exceeded financial expectations since becoming independent. Moody's upgrade follows similar actions by S&P Global Ratings post-separation from Exelon Corp.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
Tags
none
-
Rhea-AI Summary
Constellation, the largest carbon-free energy producer in the US, issued a $900 million green bond for nuclear energy projects. The bond aims to finance clean, reliable nuclear power generation to reduce carbon emissions and promote environmental benefits. The market response reflects the growing recognition of nuclear energy's value for sustainability and long-term investments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.01%
Tags
none
Rhea-AI Summary
Constellation (CEG) ranks ninth in Barron's annual '100 Most Sustainable Companies' list, scoring as the top energy company. With a focus on clean energy production, diversity, and community impact, Constellation continues to lead in carbon-free energy generation and workforce development initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.22%
Tags
none
-
Rhea-AI Summary
Constellation, the nation's largest producer of carbon-free energy, announces strong financial outlook and dividend growth, targeting long-term base EPS growth of at least 10% through the decade. The company aims to capitalize on the growing demand for clean and reliable nuclear energy, backed by the nuclear production tax credit.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.92%
Tags
-
Rhea-AI Summary
Constellation Energy Corporation (CEG) reported strong financial results for Q4 2023 and full year 2023, with a GAAP Net Loss of ($36) million and Adjusted EBITDA of $1,137 million for Q4, and GAAP Net Income of $1,623 million and Adjusted EBITDA of $4,025 million for the full year. The company expanded its nuclear fleet, repurchased shares, increased dividends, and received credit rating upgrades. They were recognized for carbon-free energy production, community partnerships, and workplace excellence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.92%
Tags
Rhea-AI Summary
AtmosZero secures $21 million in Series A funding led by Engine Ventures and 2150 to accelerate commercialization of its Boiler 2.0 technology. Constellation Technology Ventures also participated in the round. The company aims to decarbonize industrial steam generation by extracting heat from the air, reducing global emissions from fossil-fueled boilers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
Tags
none

FAQ

What does Constellation Energy Corporation do?

Constellation Energy Corporation generates, supplies, and markets clean and renewable energy products and solutions.

Who are the main customers of Constellation Energy Corp?

The company's main customers include homes, businesses, public sector entities, community aggregations, and wholesale customers such as municipalities and cooperatives.

What types of energy products does Constellation Energy Corp offer?

Constellation Energy Corp offers electric, natural gas, and renewable energy products with various pricing options.

What are some recent achievements of Constellation Energy Corp?

The company has expanded its renewable energy portfolio and formed strategic partnerships to enhance its solutions.

What current projects is Constellation Energy Corp involved in?

The company is working on projects related to solar and wind power facilities as well as advanced energy storage solutions.

How is Constellation Energy Corp contributing to sustainability?

By providing clean energy solutions and reducing the carbon footprint of their clients, the company promotes sustainability.

What is the financial condition of Constellation Energy Corp?

Constellation Energy Corp has a strong financial condition with steady revenue growth and sound financial management.

Does Constellation Energy Corp offer services to small businesses?

Yes, the company offers energy solutions and products tailored to companies of all sizes, including small businesses.

How does Constellation Energy Corp ensure the efficiency of their renewable energy sources?

Through innovative projects and advanced technology, the company works to increase the efficiency and availability of renewable energy sources.

What makes Constellation Energy Corp a leader in the energy sector?

Their focus on clean and renewable energy, comprehensive solutions, and strong financial performance makes them a leader in the energy sector.

Constellation Energy Corporation

Nasdaq:CEG

CEG Rankings

CEG Stock Data

59.67B
315.24M
0.23%
86.68%
1.65%
Other Electric Power Generation
Utilities
Link
United States of America
BALTIMORE