CONSTELLATION ENERGY CORP Stock Price, News & Analysis

The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) has declared a quarterly dividend of $0.141 per share on common stock. This dividend is payable on September 9, 2022, to shareholders of record as of 5 p.m. Eastern time on August 15, 2022. Constellation is the largest producer of clean, carbon-free energy in the U.S., providing approximately 10% of the grid's carbon-free energy with a goal of achieving 100% carbon-free power generation by 2040.

Constellation Clearsight has entered a long-term partnership with Voliro AG, aiming to integrate advanced airborne robotic technology for energy inspections in the U.S. market. This collaboration leverages Voliro's innovative drone capabilities, allowing Clearsight to deliver enhanced inspection services with features like Non-Destructive Testing and Ultrasonic Testing. According to executives from both companies, this agreement is expected to enable faster and safer inspections, improving operational efficiency in maintaining critical infrastructure.

Constellation CEO Joe Dominguez emphasized the vital role of nuclear energy in achieving a clean-energy economy during a keynote at the Nuclear Energy Assembly. He argued that enhancing the nuclear fleet is crucial for tackling the climate crisis and ensuring energy security. Constellation plans to produce 95% carbon-free electricity by 2030 and aims for 100% by 2040. The company is exploring technologies like hydrogen production and direct air capture, supported by DOE grants, to further reduce emissions and foster sustainable fuel solutions.

Constellation, based in Warrenville, Illinois, has engaged over 13,000 workers to perform maintenance and technology upgrades during six spring refueling outages at its nuclear plants. These efforts aim to ensure continuous, safe, carbon-free electricity for 15 million customers during the upcoming summer months. Key activities included inspecting and refurbishing critical components and completing extensive technical projects. The maintenance is expected to enhance reliability and potentially stabilize electricity prices in Illinois, while the Climate & Equitable Jobs Act could yield $1 billion in benefits for local ratepayers.

Constellation Energy Corporation (Nasdaq: CEG) reported a strong financial performance for Q1 2022, achieving a GAAP net income of $106 million and an adjusted EBITDA of $866 million, significantly improving from previous losses. The company reaffirmed its full-year adjusted EBITDA guidance of $2.35 billion to $2.75 billion. Constellation is focused on sustainability, launching partnerships with Microsoft and companies like Sheetz and Comcast to enhance carbon-free energy solutions. The company successfully reduced nearly $2.5 billion in debt and aims to strengthen its balance sheet further.

Exelon Corporation (NASDAQ: EXC) reported first-quarter 2022 results, marking a pivotal moment post-separation from Constellation Energy. The company achieved a GAAP Net Income of $0.49 per share and Adjusted Operating Earnings of $0.64 per share, reflecting a year-over-year increase. Adjusted earnings guidance for 2022 is reaffirmed at $2.18-$2.32 per share. Strong operational performance was noted, particularly in ComEd, which provided record reliability. Recent regulatory activities include distribution rate cases filed by PECO and ComEd, supporting infrastructure investments.

The Board of Directors of Constellation Energy Corporation (Nasdaq: CEG) has declared a quarterly dividend of $0.141 per share on its common stock. This dividend will be payable on June 10, 2022, to shareholders of record as of 5 p.m. ET on May 13, 2022. Constellation is the largest producer of carbon-free energy in the U.S., with a capacity of over 32,400 megawatts and an annual output that is 90% carbon-free. The company aims to eliminate all greenhouse gas emissions by 2040.

The U.S. Department of Energy has awarded a $2.5 million grant to Constellation for research on direct air capture (DAC) technology at its Byron nuclear plant in Northern Illinois. This project aims to remove 250,000 tons of CO2 annually, contributing to climate change mitigation. Constellation's partnerships include industry leaders such as 1PointFive Inc. and Carbon Engineering. The study will explore integrating DAC technology with nuclear operations and assess its potential for carbon sequestration, enhancing Constellation's role in a carbon-free future.

Constellation (Nasdaq: CEG), the largest carbon-free energy producer in America, advises investors to reject a mini-tender offer from TRC Capital Investment Corp. dated April 1, 2022. The offer is to buy up to 2 million shares at a price 4.26% below the current market value. This represents 0.61% of Constellation's outstanding shares. The SEC warns that mini-tender offers may lack investor protections and often come at below-market prices. Constellation encourages shareholders to review current quotes and consult advisors before responding to TRC's offer.