Constellation Energy Corp (CEG · NASDAQ)

Constellation Energy shares sit at $257.49, down 9.7% over the past month and 35.9% below their 52-week high, though the stock gained 9.34% in a quarter where utilities fell 13%, aided by a 20-year Amazon power purchase agreement for 690 megawatts at its Calvert Cliffs Clean Energy Center. Fundamentals show a divergence: revenue rose 23.0% year over year to $31.27B TTM while earnings fell 46.8%, and free cash flow was negative $118.0M in the quarter ended 2026-06-30 as capex ($1.25B) exceeded operating cash flow ($1.13B). The company beat estimates in two of its last four quarters, most recently reporting $2.55 versus $2.36 expected, and carries $24.70B in total debt at 3.1x EBITDA with a 15.1% ROE. BMO Capital maintained a Buy rating with a $350 price target, while the analyst consensus target stands at $341.53.