Constellation Energy Secures Long-Term Power Agreements with Tech Giants
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 15 2026
0mins
Should l Buy CEG?
Source: Yahoo Finance
- Long-Term Power Agreements: Constellation Energy has secured long-term power purchase agreements worth billions with Microsoft, Meta, and CyrusOne, ensuring a stable revenue stream and reinforcing its position as the largest nuclear operator in the U.S. with 55 gigawatts of capacity and a 94.7% capacity factor.
- Financial Growth Outlook: Management anticipates over 13% growth in adjusted operating earnings through 2030, with the Calpine deal expected to boost adjusted EPS by over 20% in 2026 and add more than $2 billion in annual free cash flow, indicating robust financial health.
- Dividend Growth: Constellation's dividends are growing at 10% annually, with another 10% increase expected in 2026, making this combination of yield and earnings compounding rare in any sector, further attracting investor interest.
- Market Positioning Shift: The company's transition from a traditional utility to an AI-infrastructure-backed power provider has driven its P/E ratio to 40x, reflecting high market recognition of its growth potential, with analysts issuing 14 buy ratings that underscore confidence in its long-term development.
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Analyst Views on CEG
Wall Street analysts forecast CEG stock price to rise
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 279.460
Low
350.00
Averages
414.86
High
460.00
Current: 279.460
Low
350.00
Averages
414.86
High
460.00
About CEG
Constellation Energy Corporation is a producer of emissions-free energy and an energy supplier to businesses, homes and public sector customers nationwide. The Company’s nuclear, hydro, wind, and solar generation facilities have the generating capacity to power the equivalent of 27 million homes, providing about 10% of the nation’s clean energy. Its segments include Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. Through its integrated business operations, it sells electricity, natural gas, and other energy-related products and sustainable solutions to various types of customers, including distribution utilities, municipalities, cooperatives, commercial, industrial, public sector, and residential customers in markets across multiple geographic regions. It operates approximately 55 gigawatts of capacity from nuclear, natural gas, geothermal, hydro, wind and solar facilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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