Professional
Added to YB: 2024-12-02
Pitch date: 2024-09-30
CEG [bullish]
Constellation Energy Corporation
+6.66%
current return
Author Info
No bio for this author
Company Info
Constellation Energy Corporation produces and sells energy products and services in the United States.
Market Cap
$98.0B
Pitch Price
$255.99
Price Target
N/A
Dividend
0.62%
EV/EBITDA
14.75
P/E
23.43
EV/Sales
4.01
Sector
Electric Utilities
Category
growth
Alger Mid Cap Focus Fund Portfolio Holding: Constellation Energy Corporation
CEG: Largest US clean energy producer (87% nuclear) benefiting from electrification trends. Rising demand from EVs, data centers, AI. Nuclear advantage: clean, reliable. Low fixed costs capture upside. Growth opps: colocation, energy-matching. IRA downside protection. Raised 2024 guidance on higher pricing. 20-yr Microsoft deal, restarting Three Mile Island Unit 1.
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