STOCK TITAN
  1. Home
  2. News
  3. CEG

Constellation Energy Corporation - CEG STOCK NEWS

Welcome to our dedicated page for Constellation Energy Corporation news (Ticker: CEG), a resource for investors and traders seeking the latest updates and insights on Constellation Energy Corporation stock.

Constellation Energy Corporation Common Stock (symbol: CEG) is a leading company in the energy sector, specializing in the generation, supply, and marketing of clean energy and renewable energy products. The company is dedicated to providing sustainable energy solutions to a diverse range of clients including homes, businesses, public sector entities, community aggregations, and wholesale customers such as municipalities and cooperatives.

Core Business

Constellation Energy Corp focuses on delivering clean energy and comprehensive energy solutions. They offer a variety of pricing options for electric, natural gas, and renewable energy products tailored to meet the needs of companies of all sizes. Their services aim to promote sustainability and reduce the carbon footprint of their clients.

Recent Achievements

Constellation Energy Corp has made significant strides in the renewable energy market. They continue to expand their portfolio of clean energy projects and have formed strategic partnerships to enhance the reach and impact of their solutions.

Current Projects

The company is actively involved in several innovative projects aimed at increasing the availability and efficiency of renewable energy sources. These projects include the development of advanced solar and wind power facilities, as well as cutting-edge energy storage solutions.

Financial Condition

Constellation Energy Corp maintains a robust financial condition, underpinned by steady revenue growth and sound financial management. Their commitment to innovation and sustainability continues to attract investments and foster long-term growth.

News

Constellation Energy Corporation Declares Dividend

Rhea-AI Summary

Constellation Energy (CEG) declared a quarterly dividend of $0.3525 per share on June 10, 2024, for shareholders of record by May 29, 2024. The company is a Fortune 200 entity and a major clean energy producer in the US, aiming for 100% carbon-free generation by 2040.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.74%
Tags
dividends
-
News

Constellation Seeks License to Operate Dresden Clean Energy Center for an Additional 20 Years

Rhea-AI Summary
Constellation, the nation's largest producer of reliable, carbon-free energy, seeks to extend the license of its Dresden Clean Energy Center for an additional 20 years. This renewal application with the NRC aims to provide Illinois with 305 terawatt hours of additional carbon-free electricity, surpassing the output of all wind and solar facilities in the state. The facility, currently licensed through 2029 and 2031, plays a important role in addressing the climate crisis and supporting the regional economy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
none
-
News

Moody’s Upgrades Constellation’s Credit Rating as Policy Support and Growing Demand for Clean Energy Fuel Strong Financial Performance

Rhea-AI Summary
Constellation's credit rating upgraded by Moody's to Baa1 with a stable outlook due to improved debt coverage metrics and strong financial performance driven by climate policies recognizing nuclear energy as a clean resource. The company, a leading carbon-free energy producer in the U.S., has exceeded financial expectations since becoming independent. Moody's upgrade follows similar actions by S&P Global Ratings post-separation from Exelon Corp.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
Tags
none
News

Constellation Offers Nation’s First Corporate Green Bond for Nuclear Energy

Rhea-AI Summary
Constellation, the largest carbon-free energy producer in the US, issued a $900 million green bond for nuclear energy projects. The bond aims to finance clean, reliable nuclear power generation to reduce carbon emissions and promote environmental benefits. The market response reflects the growing recognition of nuclear energy's value for sustainability and long-term investments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.01%
Tags
none
-
News

Constellation Ranks 9th on Barron’s List of the 100 Most Sustainable U.S. Companies

Rhea-AI Summary
Constellation (CEG) ranks ninth in Barron's annual '100 Most Sustainable Companies' list, scoring as the top energy company. With a focus on clean energy production, diversity, and community impact, Constellation continues to lead in carbon-free energy generation and workforce development initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.22%
Tags
none
-
News

Constellation Forecasts Strong Earnings Growth in 2024 and Beyond as Demand and Support for Clean Energy Builds

Rhea-AI Summary
Constellation, the nation's largest producer of carbon-free energy, announces strong financial outlook and dividend growth, targeting long-term base EPS growth of at least 10% through the decade. The company aims to capitalize on the growing demand for clean and reliable nuclear energy, backed by the nuclear production tax credit.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.92%
Tags
earnings
News

Constellation Reports Fourth Quarter and Full Year 2023 Results

Rhea-AI Summary
Constellation Energy Corporation (CEG) reported strong financial results for Q4 2023 and full year 2023, with a GAAP Net Loss of ($36) million and Adjusted EBITDA of $1,137 million for Q4, and GAAP Net Income of $1,623 million and Adjusted EBITDA of $4,025 million for the full year. The company expanded its nuclear fleet, repurchased shares, increased dividends, and received credit rating upgrades. They were recognized for carbon-free energy production, community partnerships, and workplace excellence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.92%
Tags
earnings
-
News

AtmosZero Closes $21 Million in Series A, Moves Full Steam Ahead Toward Electrifying the Boiler Room

Rhea-AI Summary
AtmosZero secures $21 million in Series A funding led by Engine Ventures and 2150 to accelerate commercialization of its Boiler 2.0 technology. Constellation Technology Ventures also participated in the round. The company aims to decarbonize industrial steam generation by extracting heat from the air, reducing global emissions from fossil-fueled boilers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
Tags
none
-
News

Constellation Seeks License Renewal of Clinton Clean Energy Center for Additional 20 Years

Rhea-AI Summary
Constellation, the nation’s largest producer of carbon-free energy, files a license renewal application with the Nuclear Regulatory Commission for its Clinton Clean Energy Center in Illinois. The renewal would enable the plant to generate enough carbon-free electricity to power 800,000 homes through 2047, supporting the regional economy and addressing the climate crisis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.2%
Tags
none
News

Constellation Increases Charitable Giving by 50%, Eclipses 100,000 Employee Volunteer Hours in 2023

Rhea-AI Summary
Constellation (Nasdaq: CEG) reported a significant increase in philanthropic giving, with a total of $18.7 million contributed in 2023 to support over 4,400 charities. This marks a 50% increase from the previous year, showcasing the company's commitment to corporate social responsibility. The Corporate and Foundation giving totaled $13.6 million, while employees contributed the remaining $5.1 million. Additionally, employees volunteered over 102,000 service hours for community causes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.34%
Tags
none

FAQ

What is the current stock price of Constellation Energy Corporation (CEG)?

The current stock price of Constellation Energy Corporation (CEG) is $235.42 as of November 20, 2024.

What is the market cap of Constellation Energy Corporation (CEG)?

The market cap of Constellation Energy Corporation (CEG) is approximately 74.2B.

What does Constellation Energy Corporation do?

Constellation Energy Corporation generates, supplies, and markets clean and renewable energy products and solutions.

Who are the main customers of Constellation Energy Corp?

The company's main customers include homes, businesses, public sector entities, community aggregations, and wholesale customers such as municipalities and cooperatives.

What types of energy products does Constellation Energy Corp offer?

Constellation Energy Corp offers electric, natural gas, and renewable energy products with various pricing options.

What are some recent achievements of Constellation Energy Corp?

The company has expanded its renewable energy portfolio and formed strategic partnerships to enhance its solutions.

What current projects is Constellation Energy Corp involved in?

The company is working on projects related to solar and wind power facilities as well as advanced energy storage solutions.

How is Constellation Energy Corp contributing to sustainability?

By providing clean energy solutions and reducing the carbon footprint of their clients, the company promotes sustainability.

What is the financial condition of Constellation Energy Corp?

Constellation Energy Corp has a strong financial condition with steady revenue growth and sound financial management.

Does Constellation Energy Corp offer services to small businesses?

Yes, the company offers energy solutions and products tailored to companies of all sizes, including small businesses.

How does Constellation Energy Corp ensure the efficiency of their renewable energy sources?

Through innovative projects and advanced technology, the company works to increase the efficiency and availability of renewable energy sources.

What makes Constellation Energy Corp a leader in the energy sector?

Their focus on clean and renewable energy, comprehensive solutions, and strong financial performance makes them a leader in the energy sector.

Stock CEG logo
Constellation Energy Corporation

Nasdaq:CEG

CEG Rankings

#184 Ranked by Market Cap
#1974 Ranked by Dividends

CEG Stock Data

74.17B
312.04M
0.23%
85.03%
1.5%
Utilities - Renewable
Electric Services
Link
United States of America
BALTIMORE