Constellation is the largest US nuclear operator and the marquee beneficiary of hyperscaler demand for clean baseload power, with the Microsoft Three Mile Island restart deal at premium pricing setting the comp for the entire fleet. Calpine acquisition pending creates the largest US clean power platform with combined nuclear and gas peaker assets. Power prices in PJM/NYISO surging. Earnings power has stepped up materially.
Thesis reviewed May 29, 2026
Constellation Energy Corporation is headquartered in United States, which is currently showing elevated risk signals.
πΊπΈUnited States82EXITView United States risk detail βπUtilities39WATCH| Ticker | Company | Score | Gap | Signal Ξ | Action |
|---|---|---|---|---|---|
| VST | Vistra Corp. | 44 | +21% | β12% | EARLY |
| SO | The Southern Company | 44 | +15% | β12% | EARLY |
| DUK | Duke Energy Corporation | 44 | +14% | β12% | EARLY |
| EXC | Exelon Corporation | 44 | +10% | β12% | NEUTRAL |
| NEE | NextEra Energy Inc. | 44 | +20% | β12% | EARLY |
| SRE | Sempra | 44 | +13% | β12% | EARLY |
| GEV | GE Vernova Inc. | 41 | +15% | β12% | EARLY |
Investors who hold CEG may also have indirect exposure through these country funds.
Microsoft TMI restart PPA priced above $100/MWh, 20-year term
Calpine acquisition approved by FERC, expected close Q2 2026
Constellation guides to $9-10 EPS by 2028 on nuclear pricing power
Estimates Β· Yahoo Finance Β· Not audited figures
| Politician | Party | Type | Amount | Trade Date | Return |
|---|---|---|---|---|---|
| John Boozman | Sell | $1kβ$15k | Aug 13, 26 | ||
| John Boozman | Buy | $1kβ$15k | Apr 2, 26 | -5.1% | |
| Shelley M Capito | Sell | $1kβ$15k | Apr 17, 26 | -7.4% | |
| Shelley M Capito | Buy | $1kβ$15k | Mar 26, 25 | +41.6% | |
| Shelley M Capito | Buy | $1kβ$15k | Feb 4, 25 | +39.7% |