Constellation Energy Corp (CEG · NASDAQ)

Constellation Energy (CEG) rallied 4.6% on the day to $298.07, extending a strong run with gains of 15.8% over five days and 18.6% over three months, though the stock remains 25.8% below its 52-week high. The company beat estimates in two of its last four quarters, most recently reporting $2.55 versus $2.36 expected, while revenue grew 23.0% year over year to $31.27B TTM; however, earnings fell 46.8% year over year and free cash flow was negative at -$118.0M for the quarter ended June 30, 2026, as capex ($1.25B) exceeded operating cash flow ($1.13B). Leverage stands at 3.1x debt/EBITDA on $24.70B of total debt, with a current ratio of 1.46 and $1.08B in cash. The stock trades at a P/E of 29.14 against an analyst target of $341.53, with RSI at 68 and price 11.2% above its 20-day moving average.