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 $93.8 billion and operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions, and offers electricity, natural gas, energy-related products, and sustainable solutions.
The energy company’s shares have lagged behind the broader market over the past year, falling 21.7% compared to the S&P 500 Index’s ($SPX) 21.5% surge. Moreover, in 2026, the stock has declined by nearly 25.4%, underperforming the SPX’s 12.6% rise as well.
Focusing on its industry benchmark, the State Street Utilities Select Sector SPDR ETF (XLU) has advanced 1.3% over the past year, underperforming the stock. In 2026, XLU has grown 1.6% and has also lagged behind the stock.
CEG announced its Q2 2026 earnings on Aug. 6. The company’s revenue for the period amounted to $7.5 billion and surpassed the Street’s estimates. Moreover, its adjusted EPS also came in at $2.55, coming in on top of Wall Street’s forecasts. The company lifted its full-year adjusted operating earnings guidance to $11.50-$12.50 per share, while also locking in another 920 megawatts of long-term power purchase agreements running for 15 to 20 years, with deliveries scheduled between 2029 and 2032. CEG stock has grown 1.5% intraday as of writing.
For the current year, which ends in December, analysts expect CEG’s EPS to rise 25.6% to $11.79 on a diluted basis. The company has surpassed the consensus estimate in three of the last four quarters, while missing on one occasion.
Among the 22 analysts covering CEG stock, the consensus is a “Strong Buy.” That’s based on 16 “Strong Buy” ratings, one “Moderate Buy,” and five “Holds.”
The configuration has grown more bullish over the past months, with the stock now having 16 “Strong Buy” ratings, up from 15 three months prior.
On July 31, J.P. Morgan analyst Jeremy Tonet maintained a “Buy” rating for CEG stock and reduced its price target from $386 to $385.
CEG’s mean price target of $352.64 indicates a premium of 33.2% from the current market price. Its Street-high target of $462 implies a robust 74.5% upside from current levels.
On the date of publication, Aritra Gangopadhyay did not have (either directly or indirectly) positions 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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