CE
Constellation Energy Corporation$CEGStrong FundamentalsStrong FundamentalsRevenue growing 64% YoY at strong marginsStreet coverage with positive forward estimatesConsistent chatter on X (2.6K/wk), no spike
Independent Power ProducersBullish sentiment
Constellation breaks above the 200DMA on 20%+ EPS-growth guidance through 2029, Berkshire's Abel warming to the AI-energy trade, and posts flagging AI-driven nuclear demand. Price targets get revised to $1,000 and posters explicitly say they may not be bullish enough.
Proven numbers
Constellation Energy is the largest US pure-play nuclear operator — the owner of a huge fleet of nuclear capacity and a sold-forward AI/hyperscaler PPA book. The stock has fallen 28% YTD even as the AI-nuclear thesis got louder, now at the bottom of its 52-week range.
• The business is accelerating: Q1 2026 revenue of $11.1B at +64% YoY on 21% operating margins — the Three Mile Island restart work is contributing, and consensus has 2027 EPS of $13.31 and 2028 EPS of $16.82.
• The Amazon PPA is the real catalyst and the real risk: an Amazon-Talen 20-year nuclear PPA announced this week reframes the AI-energy space, and the question for CEG is whether its own PPA book keeps growing or whether hyperscalers now prefer Talen's structure.
• 27x trailing is reasonable for a nuclear monopoly: 2027 forward P/E drops to 19x if consensus holds — this is cheap for an irreplaceable asset base in a demand-constrained market, which is why the X bulls model $1,000 PT.
A Nov 9 Q3 print with a signed hyperscaler nuclear PPA plus 2027 guide tracking $13+ re-rates it off the floor; another AI-PPA won by a competitor and the breakdown continues.
