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Can CEG's Expanding Clean-Energy Portfolio Support Future Growth?
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Key Takeaways
CEG's 55-GW portfolio supplies about 10% of U.S. clean energy, with Calpine adding capacity.
CEG targets 1,000 MW of nuclear uprates and plans to restart Crane Clean Energy Center in 2027.
Data-center demand could support CEG's cash flow; base EPS is expected to grow over 20% through 2029.
Constellation Energy Corporation (CEG - Free Report) is benefiting from an expanding generation portfolio that combines nuclear and renewable assets with flexible generation to meet rising electricity demand. New contracts, capacity uprates and license extensions are helping preserve and expand its clean-power generation capacity.
The company’s nuclear fleet remains central to its clean-energy strategy, and its 55-gigawatt diversified generation portfolio supplies about 10% of U.S. clean energy. The Calpine acquisition further expanded its capacity and strengthened its position to capture rising power demand.
CEG is extending the life of its nuclear assets, with license renewal applications for Ginna and Nine Mile Point Unit 1 targeting operations through 2049. The company also plans to restart the Crane Clean Energy Center in 2027, subject to regulatory approvals. CEG’s nuclear fleet has opportunities to add about 1,000 megawatts (MW) of uprated capacity through technology upgrades.
Constellation Energy’s portfolio is well positioned to benefit from rising electricity demand, particularly from data centers. These demand trends, combined with its expanding clean-power platform, could support the company's sustained earnings and cash-flow growth. CEG expects base earnings per share (EPS) to grow more than 20% through 2029, followed by growth exceeding 10% over long-term rolling three-year periods.
Expanding renewable and low-carbon generation allows independent power producers to capitalize on rising electricity demand. Long-term Power Purchase Agreements can support project development while providing more predictable revenue streams.
Vistra Corp. (VST - Free Report) is expanding its clean-energy portfolio through Oak Hill 2 and Pulaski solar projects, while its zero-carbon capacity is projected to reach 8,281 MW in 2026, supporting growth and diversification.
Clearway Energy (CWEN - Free Report) is expanding its clean-energy portfolio through growth investments, which helped increase second-quarter Renewables & Storage generation by 16%. Its operating portfolio includes approximately 11.1 gigawatts of gross wind, solar and battery-storage capacity.
The Zacks Rundown on CEG
CEG’s Earnings Estimates
The Zacks Consensus Estimate for 2026 and 2027 EPS indicates an increase of 29.29% and 8.09%, respectively, year over year.
Image Source: Zacks Investment Research
CEG’s Returns on Equity (ROE)
Constellation Energy's trailing-12-month ROE is 14.89%, ahead of the industry average of 7.14%.
Image Source: Zacks Investment Research
CEG’s Stock Price Performance
In the past three months, the company’s shares have plunged 3.8% compared with the industry’s 14.6% fall.
View the Zacks #1 Rank List
Image: Bigstock
Can CEG's Expanding Clean-Energy Portfolio Support Future Growth?
Key Takeaways
Constellation Energy Corporation (CEG - Free Report) is benefiting from an expanding generation portfolio that combines nuclear and renewable assets with flexible generation to meet rising electricity demand. New contracts, capacity uprates and license extensions are helping preserve and expand its clean-power generation capacity.
The company’s nuclear fleet remains central to its clean-energy strategy, and its 55-gigawatt diversified generation portfolio supplies about 10% of U.S. clean energy. The Calpine acquisition further expanded its capacity and strengthened its position to capture rising power demand.
CEG is extending the life of its nuclear assets, with license renewal applications for Ginna and Nine Mile Point Unit 1 targeting operations through 2049. The company also plans to restart the Crane Clean Energy Center in 2027, subject to regulatory approvals. CEG’s nuclear fleet has opportunities to add about 1,000 megawatts (MW) of uprated capacity through technology upgrades.
Constellation Energy’s portfolio is well positioned to benefit from rising electricity demand, particularly from data centers. These demand trends, combined with its expanding clean-power platform, could support the company's sustained earnings and cash-flow growth. CEG expects base earnings per share (EPS) to grow more than 20% through 2029, followed by growth exceeding 10% over long-term rolling three-year periods.
Growing Clean-Energy Portfolio Drives Utility Growth
Expanding renewable and low-carbon generation allows independent power producers to capitalize on rising electricity demand. Long-term Power Purchase Agreements can support project development while providing more predictable revenue streams.
Vistra Corp. (VST - Free Report) is expanding its clean-energy portfolio through Oak Hill 2 and Pulaski solar projects, while its zero-carbon capacity is projected to reach 8,281 MW in 2026, supporting growth and diversification.
Clearway Energy (CWEN - Free Report) is expanding its clean-energy portfolio through growth investments, which helped increase second-quarter Renewables & Storage generation by 16%. Its operating portfolio includes approximately 11.1 gigawatts of gross wind, solar and battery-storage capacity.
The Zacks Rundown on CEG
CEG’s Earnings Estimates
The Zacks Consensus Estimate for 2026 and 2027 EPS indicates an increase of 29.29% and 8.09%, respectively, year over year.
Image Source: Zacks Investment Research
CEG’s Returns on Equity (ROE)
Constellation Energy's trailing-12-month ROE is 14.89%, ahead of the industry average of 7.14%.
Image Source: Zacks Investment Research
CEG’s Stock Price Performance
In the past three months, the company’s shares have plunged 3.8% compared with the industry’s 14.6% fall.
Image Source: Zacks Investment Research
CEG’s Zacks Rank
CEG currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.