Constellation Energy Corporation (CEG) Stock

Constellation Energy Corporation (CEG) is a Utilities stock trading at $258.21 (as of 2026-07-15), with a market capitalization of $93.26B and a trailing P/E of 26.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Constellation Energy Corporation generates and sells electricity in the United States, operating across Mid-Atlantic, Midwest, New York, ERCOT, and other power regions. It sells natural gas, renewable energy, and other energy-related products and services to distribution utilities, municipalities, cooperatives, and commercial, industrial, governmental, and residential customers.

Understand Constellation Energy Corporation: how it makes money

Constellation Energy generates and sells electricity in the United States, and it also sells natural gas, renewable energy, and other energy-related products and services to utilities, municipalities, cooperatives, and commercial, industrial, governmental, and residential customers.

Its profit model is primarily about operating its 32,400 megawatts of generation assets across multiple power types and selling electricity and related energy products into U.S. customer and utility markets across its operating regions.

Business quality (Solid): The provided facts include total revenue and an operating margin, but they do not include revenue by the five official reportable segments (Mid-Atlantic, Midwest, New York, ERCOT, Other Power Regions), so a segment revenue table cannot be constructed from the given data.

Valuation: At 22× earnings, CEG trades in line with the Utilities average (22×). Note: one-time items can distort reported P/E.

Bull case

Diversified generation capacity: The company has 32,400 megawatts of generating capacity that includes nuclear, wind, solar, natural gas, and hydroelectric assets.
Broad customer reach for electricity and energy products: It serves distribution utilities, municipalities, cooperatives, and commercial, industrial, governmental, and residential customers.

Bear case

Revenue can be influenced by power output economics: The provided breakdown references an 'Incremental revenue impact from higher capacity factor' effect, implying that operating performance versus capacity factor can affect results.
Limited visibility into official regional segment revenue in the provided data: The official reportable regions are listed, but the dataset provided does not include revenue figures for each region, which limits the ability to assess where results are coming from.

Valuation — source: SEC EDGAR (first-party)
Price	$258.21
Market Cap	$93.26B
P/E Ratio	26.8
EV / EBITDA	11.5
Price / Book	2.76
Price / Sales	3.05
FCF Yield	-0.1%
DCF Value (model)	$63.03
DCF Upside vs Price	-75.6%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$25.53B
Net Margin	9.1%
Revenue Growth (YoY)	8.3%
EPS Growth (YoY)	-37.9%
FCF Growth (YoY)	-125.6%

Financial Health — source: SEC EDGAR
Altman Z-Score	2.18 (grey)

Valuation vs Sector & Industry
Stock P/E	26.8
Sector P/E (Utilities)	21.2
Industry P/E (Utilities)	20.9
vs Sector	26.4%
vs Industry	28.2%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($13.65B)
Institutional Holders Tracked	10
Congressional Trades (recent)	10

Company
Sector	Utilities
Industry	Utilities
CEO	Joseph Dominguez
Employees	14,215
Country	US
IPO Date	2022-01-19

Related Companies (Business model: Regulated Utility (Electric / Gas); 8 closest by market cap; US-domiciled)

Data as of 2026-07-15.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.