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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.
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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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COPT Defense Properties (NYSE: CDP) announced the election of Robert L. Denton, Sr. as Chairman of the Board, effective January 1, 2024, following the resignation of Thomas F. Brady. Mr. Brady remains on the board. The announcement was made by the Company's President and CEO, Stephen E. Budorick, who expressed gratitude to Mr. Brady for his decade-long service and welcomed Mr. Denton as the new Chairman, highlighting his extensive experience in real estate and finance. Mr. Denton has been a Member of the Company’s Board since May 1999, with a background in real estate, finance, and management consulting, having retired from The Shidler Group in 2013. Mr. Brady, who had been Chairman of the Company’s Board since May 2013, has nearly 40 years of business experience, including working with public and private companies, and had previously served as the Chairman of the Board of Directors of Baltimore Gas & Electric Company and Executive Vice President-Corporate Strategy at Constellation Energy Group.
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Constellation (CEG) joins global nuclear industry in pledging to triple zero-carbon nuclear energy by 2050 at COP28 climate summit in Dubai
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FAQ
What is the current stock price of CONSTELLATION ENERGY (CEG)?
The current stock price of CONSTELLATION ENERGY (CEG) is $284.44 as of February 21, 2025.
What is the market cap of CONSTELLATION ENERGY (CEG)?
The market cap of CONSTELLATION ENERGY (CEG) is approximately 96.8B.
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.
CONSTELLATION ENERGY CORP
Nasdaq:CEG
CEG Rankings
CEG Stock Data
96.80B
311.66M
0.34%
85.53%
2.09%
Utilities - Renewable
Electric Services
United States
BALTIMORE