Added to YB: 2026-07-28
Pitch date: 2026-07-24
CEG [neutral]
Constellation Energy Corporation
-2.17%
current return
Author Info
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Company Info
Constellation Energy Corporation produces and sells energy products and services in the United States.
Market Cap
$98.0B
Pitch Price
$276.00
Price Target
380.00 (+39%)
Dividend
0.62%
EV/EBITDA
14.75
P/E
23.43
EV/Sales
4.01
Sector
Electric Utilities
Category
special_situation
Constellation at $276: A Taxpayer Floor, a Power Price Call Option, and a Contract Nobody Has Read
CEG (overview): Hybrid nuclear cash flow floor (IRA 45U credit floors rev at $44.75/MWh thru 2032) + call option on power/AI demand. Undisclosed Microsoft Crane PPA & unsettled FERC co-lo rules = key unknowns. $11.1B Calpine goodwill risk, interest +73% YoY. Prob-weighted IV $268 vs $276; Hold, want $230s. Consensus PT $366.
Read full article (3 min)