Constellation PA

Stock

ISIN: US21037T1097

Ticker: CEG

US21037T1097

CEG

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Aktien Stammtisch

@Aktien_Stammtisch

2Wk·

$CEG (+7.05%) | Constellation Energy Q3'24 Earnings Highlights

🔹 Adj EPS: $2.74 (Est. $2.63) 🟢

🔹 Revenue: $6.55B (Est. $5.71B) 🟢; UP +14.7% YoY

🔹 Adj Operating Income: $860M (Est. $1.228B) 🔴

Narrowed FY24 Guidance:

🔹 Adj EPS: $8.00-$8.40 (Prior: $7.60-$8.40; Est. $8.05) 😐

Operational Performance:

🔹 Nuclear Fleet Output: 45,510 GWh (UP from 44,125 GWh YoY)

🔹 Capacity Factor: 95.0% for Q3 2024 (DOWN from 97.2% YoY)

🔹 Outage Days: 37 planned refueling days vs. 20 days YoY; 20 non-refueling outage days vs. 10 days YoY

Natural Gas, Oil, and Renewables Operations:

🔹 Dispatch Match Rate: 98.2%

🔹 Renewable Energy Capture: 96.0%

Recent Developments & Strategic Initiatives:

🔸 20-Year Power Purchase Agreement (PPA): Signed with Microsoft to support the restart of the Crane Clean Energy Center (formerly Three Mile Island Unit 1)

🔸 Expected investment: Approx. $1.6B for restart

🔸 Estimated in-service date: 2028

🔸 Regulatory reviews underway; project expected to support Microsoft’s clean energy goals for data centers

🔸 Efficiency Enhancements: Expected refueling outage duration to be 50% below industry average due to strong fleet performance

CEO Joe Dominguez’s Commentary:

"The 20-year agreement with Microsoft exemplifies the growing demand for reliable, emissions-free energy. We’re committed to advancing clean energy and extending our nuclear fleet's life to meet this demand, ensuring reliability and environmental benefits."

But T.

@But_the_Stock_Picked_Me

1Mon·

Due to the expansion of data centers, shares in the energy sector such as $CEG (+7.05%)
$VST (+7.75%)
$ETN (+4%) and $BWXT (+3.06%) (nuclear) are soaring, especially after the announcement by $MSFT (+0.08%) regarding nuclear energy.

After looking into your private crystal ball, do you think that a longer-term trend has begun in terms of share price development? Or do you think that everything is already priced in and that the rise will soon flatten out again, so that all that's left now is to chase the "runaway train"? (I think this will happen much faster than the "normal" investor thinks - after all, "smart money" is a bit smarter than we are).

Personally, I think that the most likely candidates here are the established $SU (+0.97%) and $ETN (+4%) will prevail in the long term, even if they have already done very well. Another permanent 'player' for me would be $RR. (+2.9%) (SMRs - although the question is when they will actually be built and profitable).

What do you think? Are you looking at other companies in this field?

7 Comments

Rmann@Epi

1Mon

Do you know $SMR? After all, the only company with a valid license to build SMRs. Very volatile, very exciting. Still have a small amount in it.

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