Constellation Energy Corporation (CEG) stock is said to be gaining traction with New York's plan to build a new nuclear plant. However, CEG had dropped more than the broader market, raising concerns among investors. Notwithstanding, the stock appears to be redefining clean energy with a strong focus on customer-driven innovation. Surprisingly, CEG outpaced the stock market today, despite being removed from the Russell 3000E Growth Index. Notable events revolving around CEG include the regulators clearing its deal for Calpine and the company crossing above its 20-day moving average. Experiences such as its fall and subsequent rebound in premarket after a Citi downgrade are part of the narrative of the company. It's also worth mentioning that investors seem to have a bullish view on the company, such that it was even touted as one of the best stocks to buy during a recession. The positive sentiments could be attributed to the company's strong financial performance and strategic developments including a 20-year deal with Meta for clean, reliable nuclear energy in Illinois.
Constellation Energy Corporation CEG News Analytics from Fri, 20 Sep 2024 07:00:00 GMT to Fri, 04 Jul 2025 16:10:00 GMT -
Rating 7
- Innovation 6
- Information 4
- Rumor 4
