Constellation Energy (CEG)
NASDAQUtilitiesIndependent Power ProducersSnapshot 2026-09-14
$264.57-7.09%
Close 2026-09-14 · 1-day change
NASDAQUtilitiesIndependent Power ProducersSnapshot 2026-09-14
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: metric not reported.
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 RiskConstellation Energy's growth in revenue and the successful integration of Calpine are key. Revenue grew 8.3% in FY2025, and the latest earnings beat supports this growth. It trades at 27× P/E versus a peer median of 23×, indicating it looks expensive on this basis. The primary risk is the fragile quality of earnings, as reported profits are not well backed by cash. Peer multiples imply a price about 14% below where it trades. The thesis is on watch due to pressure on a primary pillar.
Trailing returns as of 2026-09-14. CEG is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 22 analysts currently covering CEG (as of Sep 2026).
Based on 9 Wall Street analysts offering 12-month price targets for CEG in the last 4 months.
Continue this research
Compare CEG with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
Free account required to save the handoff. No credit card.
| 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 11 valuation methods, at three horizons. As of 2026-09-14. 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: Integrate Calpine acquisition
Acquisition supports growth and integration of Calpine.
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 2026-09-14. EPS is implied from price ÷ P/E. Not investment advice.
Current $264.57
The last 12 months of price, then the range of analyst 12-month targets from today’s $264.57.
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
Acquisition supports growth and integration objectives.
Advances: Affirm 2026 EPS guidance of $11.00 - $12.00 per share
Raised guidance supports EPS target for 2026.
Advances: Affirm 2026 EPS guidance of $11.00 - $12.00 per share
Higher guidance supports EPS target for 2026.
Advances: Support new data center developments with power agreements
New power deals support data center developments.
Advances: Support new data center developments with power agreements
New power deals support data center developments, aligning with growth objectives.
Advances: Affirm 2026 EPS guidance of $11.00 - $12.00 per share
Earnings beat and lifted guidance support EPS target.
Advances: Affirm 2026 EPS guidance of $11.00 - $12.00 per share
Earnings outlook exceeds guidance, supporting growth expectations.
