Constellation Energy (CEG)
NASDAQUtilitiesIndependent Power ProducersSnapshot 2026-10-29
$264.58+2.52%
Close 2026-10-29 · 1-day change
NASDAQUtilitiesIndependent Power ProducersSnapshot 2026-10-29
Research Workspace
Put CEG beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Electric Utilities is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Operating income from Calpine integration reaches $2.33B in Q1 2026: Operating income: $580M.
View ThesisRevenue growth is accelerating — up about 26% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 41% in its worst 12-month stretch.
View RiskCEG’s nuclear expansion and long-term power contracts must sustain earnings growth, despite limited revenue history. Q1 FY2026 revenue grew 64% year over year, and second-quarter earnings beat consensus. The shares trade at 25× P/E versus the 23× peer median. Expectations look modest versus our view, though the peer comparison is a weak guide. Cash does not yet support reported profits, and the Calpine integration income pillar is under pressure. The 19% next-quarter miss probability adds execution risk. Peer multiples imply a price roughly in line with where it trades (about fair); the thesis is on watch. This read is provisional.
Trailing returns as of 2026-10-29. CEG is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 26 analysts currently covering CEG (as of Oct 2026).
Based on 10 Wall Street analysts offering 12-month price targets for CEG in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| CEG Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 10 valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Electric Utilities — fair value, gap to price, and forward P/E.
Compare the value case
Put CEG next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Support new data center developments with power agreements
Long-term Amazon and Google power agreements directly support data-center demand and strengthen durable nuclear revenue visibility.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-29. EPS is implied from price ÷ P/E. Not investment advice.
Current $264.58
The last 12 months of price, then the range of analyst 12-month targets from today’s $264.58.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Around the middle on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Integrate Calpine acquisition
Conditional DOE financing supports nuclear upgrades and the Calpine integration growth strategy.
Advances: Expand renewable energy projects
Significant renewable energy project enhances growth objectives.
Advances: Expand renewable energy projects
Google's backing enhances renewable energy project viability.
Advances: Support new data center developments with power agreements
Secures significant power agreements for data center developments.
Advances: Expand renewable energy projects
Nuclear deal supports renewable energy expansion objectives.
Advances: Support new data center developments with power agreements
Google deal supports new data center developments.
Buyout talks indicate potential growth and strategic partnerships.
