Constellation Energy (CEG)
NASDAQUtilitiesIndependent Power ProducersSnapshot 2026-11-04
$245.72-6.71%
Close 2026-11-04 · 1-day change
NASDAQUtilitiesIndependent Power ProducersSnapshot 2026-11-04
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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 37% in its worst 12-month stretch.
View RiskCEG's nuclear expansion must keep compounding to justify the price. Q2 adjusted earnings beat consensus by 8.5%. Q1 revenue grew 64% year over year. The stock trades at 23x earnings. Peers trade at 24x earnings. The price reflects less growth than we forecast. Operating income from the Calpine integration is under pressure. The stock is down 18% from its recent high. Peer multiples imply a price about 10% above where it trades. The thesis is on watch. This read is provisional.
Trailing returns as of 2026-11-04. 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 Nov 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 |
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| 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 2026-11-04. 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 2026-11-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $245.72
The last 12 months of price, then the range of analyst 12-month targets from today’s $245.72.
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.
