Why Constellation Energy Corp (CEG) Stock Is Up 22.29%

Avoid the stress of overpaying for stocks or missing out on opportunities by using the right tools and insights to evaluate Constellation Energy Corp. before you invest.

In this article, we will discuss several key elements that will help you understand the Constellation Energy Corp. stock price, such as:

• Current stock price and volume for Constellation Energy Corp.
• Why Constellation Energy Corp.’s Stock Price Has Changed Recently
• CEG Ratings Upgrades and Downgrades from Analysts
• The dynamics of CEG’s share prices measured by its relative strength

About Constellation Energy Corp. (CEG)

Before we discuss Constellation Energy Corp.’s stock price, history, target price, and reasons for its recent rise, let’s review some facts.

Constellation Energy Corporation is a producer of carbon-free energy and a provider of energy products and services. The company’s segments span the Mid-Atlantic, Midwest, New York, ERCOT and other energy regions. Its fleet of nuclear, hydro, wind and solar power plants has the capacity to power 16 million homes, generating approximately 10% of the carbon-free energy in the United States. Through integrated business operations, it sells electricity, natural gas and other energy products and sustainable solutions to a variety of customer types. The company serves industries including utilities, municipalities, cooperatives, and commercial, industrial, public sector and residential customers in markets across multiple geographies. The company has a 44% interest in the jointly owned South Texas Project (STP), a 2,645-megawatt, two-unit nuclear power plant located in Bay City, Texas.

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Constellation Energy Corp. stock price at market close

As of September 20, 2024, 4:00 PM Central Time, the Constellation Energy Corp. share price was $254.98.

Constellation Energy Corp. shares are up 22.29% from the previous closing price of $208.50.

During the last trading session, Constellation Energy Corp. shares traded in a price range of $202.47-$208.64. There are currently 315.00 Million Constellation Energy Corp. shares available.

Constellation Energy Corp.’s current price-to-earnings (P/E) ratio is 27.8, which is high compared to the Utilities and Electricity industry median of 18.9. The price-to-earnings ratio measures market expectations about future performance by relating the current stock price to earnings per share.

Constellation Energy Corp Stock Price History

Constellation Energy Corp. (CEG) The price has increased by 29.63% this month.

In September, the Constellation Energy Corp. share price reached a high of $255.24 and a low of $171.04.

Over the past year, Constellation Energy Corp. stock prices have been as high as $236.30 and as low as $102.41. Year to date, Constellation Energy Corp. stock is up 195.77%.

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What caused the Constellation Energy Corp share price to rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered what other factors affect the price of a stock?

When an analyst changes their opinion on a stock, either upgrading or downgrading their rating, it often leads to a sudden correction in the stock price. As of September 19, 2024, there were 2 analysts who have downgraded the Constellation Energy Corp. stock and 2 analysts who have upgraded it over the past month.

Additionally, you will want to assess the financial health and valuation of Constellation Energy Corp. Investors can use the AAII Value Grade, which combines six key valuation metrics such as the P/E and P/S ratios, to conduct a comprehensive analysis of the valuation and financial health of Constellation Energy Corp. This approach mitigates the limitations of one-dimensional ratings.

The current valuation of Constellation Energy Corp. based on the AAII Value Class is D, which means the company is considered expensive.

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Finally, news and media coverage, as well as recent press releases about a company or its industry, can cause stock prices to fluctuate. You can check out the latest news articles about Constellation Energy Corp (CEG) visiting the AAII Stock Evaluator.

Constellation Energy Corp Relative Pricing Strength

Relative price strength measures a stock’s performance against the market, helping investors identify stocks that are outperforming benchmark indices.

For Momentum Grade AAII, weighted relative price strength is calculated. Click this link to learn more about Momentum Grade.

As of September 19, 2024, Constellation Energy Corp.’s weighted relative price power for the four-quarter period was 7.04%, which translates into a momentum score of 80 and is considered strong.

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Constellation Energy Corp Stock Price: Summary

As of September 20, 2024, Constellation Energy Corp. stock is trading at $254.98, an increase of 22.29% from the previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, you should consider a variety of metrics, fundamentals, and analysis to evaluate stocks like Constellation Energy Corp. Stock prices are influenced by supply and demand in the market and only offer a snapshot of the overall health of a company.

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