Baltimore, Maryland-based Constellation Energy Corporation (CEG) produces and sells energy products and services in the United States. The company has a market cap of $97.8 billion and operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions, and offers electricity, natural gas, energy-related products, and sustainable solutions.
The energy company’s shares have lagged behind the broader market over the past year, falling 23% compared to the S&P 500 Index’s ($SPX) 12.2% surge. Moreover, in 2026, the stock has declined by nearly 21.9%, underperforming the SPX’s 10.3% rise as well.
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Focusing on its industry benchmark, the State Street Utilities Select Sector SPDR ETF (XLU) has declined 2.4% over the past year, outperforming the stock. In 2026, XLU has grown 2.6% and has also rallied the stock.
www.barchart.com CEG released its impressive Q3 2026 earnings in the last trading session, and its stock rose nearly 10.5% following the announcement. CEG’s operating revenues for the quarter rose 43.4% from the prior year’s quarter and amounted to $9.6 billion. Moreover, its adjusted EPS also amounted to $5.19, marking impressive growth. Management cited accretive organic growth through nuclear uprates and the acquisition of Rhode Island State Energy Center as the primary drivers of its growth.
For the current year, which ends in December, analysts expect CEG’s EPS to rise 29.9% to $12.20 on a diluted basis. The company has surpassed the consensus estimate in each of the last four quarters.
Among the 21 analysts covering CEG stock, the consensus is a “Strong Buy.” That’s based on 15 “Strong Buy” ratings, one “Moderate Buy,” and five “Holds.”
www.barchart.com The configuration has grown more bullish over the past months, with the stock now having 15 “Strong Buy” ratings, up from 14 a month prior.
On Nov. 6, BMO Capital analyst James Thalacker reiterated a “Buy” rating on Constellation Energy stock and set a price target of $316.
CEG’s mean price target of $339 indicates a premium of 22.82% from the current market price. Its Street-high target of $399 implies a robust 44.5% upside from current levels.
On the date of publication, Aritra Gangopadhyay did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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