This article first appeared on GuruFocus.
Constellation Energy (NASDAQ:CEG) shares jumped 6.94% to $267.29 as of 10:44 a.m. ET on Monday, November 9, in regular trading, after the nuclear-heavy power producer reported third-quarter adjusted operating EPS of $5.06, up from $3.04. It raised the midpoint of its 2026 guidance and narrowed the range to $12.50 to $12.80 per share.
GAAP EPS reached $5.19, and revenue rose 45% to $9.55 billion, Proactive reported on Monday. The nuclear fleet ran at a 97.2% capacity factor. Constellation signed a 20-year power purchase agreement with Google supporting about 890 megawatts of new nuclear capacity, backed by more than $4.3 billion of investment. A 20-year, 690-megawatt deal with Amazon supports more than $3 billion of investment at Calvert Cliffs. The Calpine acquisition, closed in January, was a key driver.
Constellation scores 83/100 on GuruFocus’s GF Score, with a 10/10 GF Value Rank, 9/10 for Growth and 7/10 for Momentum. The weak spots are Profitability at 5/10 and Financial Strength at 4/10, the latter likely reflecting the balance sheet after the Calpine deal. The price sits about 14% below the GF Value of $311.39, but that discount is a model estimate, not a promise. The third quarter alone delivered about 40% of the full-year guidance midpoint, and 20-year hyperscaler contracts turn AI power demand into long-dated revenue. The next test is fourth-quarter delivery inside guidance and progress toward the first Google uprates in 2028.
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
