Constellation Energy stock trades at USD 257.49 after Amazon deal
Published on 10/04/2026 at 12:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Constellation Energy stock (ISIN US21037T1097) was last at USD 257.49 on Nasdaq on October 2, 2026, down 0.55 percent from the prior close and 37.6 percent below its 52-week high of USD 412.70. The central company event is a 20-year power purchase agreement with Amazon, announced by Constellation Energy on September 30, 2026.
Amazon deal expands nuclear capacity
The agreement covers 690 megawatts of power at Maryland's Calvert Cliffs Clean Energy Center and adds 190 megawatts of emissions-free capacity between 2030 and 2032. It also supports more than USD 3 billion in infrastructure investment across the 1,790-megawatt plant, according to Constellation Energy.
The commercial value is longer dated than the market reaction: Amazon's commitment gives Constellation revenue certainty for relicensing Calvert Cliffs for another 20 years, while all existing electricity continues flowing to the PJM grid. That makes the contract a capacity and visibility story rather than an immediate earnings event.
Q2 earnings support the outlook
In the second quarter of 2026, Constellation reported USD 7.504 billion in revenue and USD 502 million in consolidated net income. Revenue rose from USD 6.101 billion in the second quarter of 2025, while the GAAP diluted EPS result was USD 1.42, according to Financial Report Insights.
The earnings mix was more favorable on the company's adjusted measure. The Q2 adjusted operating EPS result was USD 2.55, up USD 0.64 from the year-earlier quarter, and management raised full-year 2026 adjusted operating EPS guidance to USD 11.50-12.50 from USD 11.00-12.00, as reported in the Yahoo Finance transcript of the August 6, 2026 earnings call.
Consensus remains above the market price
A 22-analyst consensus rates the stock Buy or Strong Buy in 19 cases and Hold in 3, with an average price target of USD 347.28 and a high target of USD 441, according to 247WallSt on October 1, 2026. The average target lies 34.9 percent above the October 2 reference price, but regulatory timing and regional power-market conditions remain material variables for the longer-term earnings case.
Stock trades below its yearly high
Constellation Energy stock was last at USD 257.49 on Nasdaq on October 2, 2026, with a USD 92.5 billion market capitalization and volume of 3,662,722 shares. The 52-week range was USD 228.63 to USD 412.70.
Constellation Energy stock data
- Company: Constellation Energy Corporation
- ISIN: US21037T1097
- Ticker: CEG
- Trading venue: Nasdaq
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 257.49
- Market capitalization: USD 92.5 billion (as of October 2, 2026)
- 52-week range: USD 228.63-412.70 (as of October 2, 2026)
- Sector / Industry: Utilities / Independent Power Producers
- Index membership: Nasdaq 100
