Constellation sells 606 MW plant: Evercore sets USD 380 target for Constellation Energy stock

Published on 10/20/2026 at 11:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose to USD 7.50 billion from USD 6.10 billion. Constellation Energy stock trades at EUR 233.45 on October 20, 2026.

Power assets and earnings dates

Constellation Energy completed the sale of a 606 MW plant to LS Power on October 14, 2026.
Second-quarter 2026 revenue rose to USD 7.50 billion from USD 6.10 billion.
Constellation Energy stock traded at EUR 233.45 at 11:47 a.m. CEST at Lang & Schwarz on October 20, 2026.
Evercore ISI set a USD 380.00 price target on October 2, 2026.

Constellation Energy, US21037T1097, Illustration mit AI erstellt.

Constellation Energy (ISIN US21037T1097) completed the sale of its 606-megawatt Brazos Valley Energy Center to LS Power on October 14, 2026. The transaction advances regulatory commitments tied to the Calpine acquisition, while Constellation Energy stock traded at EUR 233.45 at 11:47 a.m. CEST at Lang & Schwarz on October 20, 2026.

Sale advances Calpine commitments

According to Constellation Energy, Brazos Valley is a 606-megawatt natural gas-fired facility in the ERCOT market. The company said the sale was part of the regulatory process following its Calpine acquisition, which closed on January 7, 2026. The transaction value was USD 860 million before closing adjustments.

The company also expects the sale of approximately 4.4 gigawatts of predominantly natural gas-fired generation assets in Delaware and Pennsylvania to close by the end of 2026. That divestiture remains subject to customary closing conditions, making execution the immediate operational variable.

What does earnings quality show?

Constellation's second-quarter 2026 operating revenue was USD 7.50 billion, up from USD 6.10 billion in the second quarter of 2025, according to MarketWatch. GAAP earnings per share fell to USD 1.42 from USD 2.67, while adjusted operating earnings per share increased to USD 2.55 from USD 1.91. The difference reflects the effect of non-GAAP adjustments and the contribution from Calpine.

The company raised its full-year 2026 adjusted operating earnings guidance to USD 11.50-12.50 per share from USD 11.00-12.00 per share in the August 6, 2026 results release. Evercore ISI maintained a Buy rating and set a USD 380.00 price target on October 2, 2026, as reported by The Globe and Mail.

Three milestones shape the story

On September 30, 2026, Constellation and Amazon announced a 20-year power purchase agreement adding 190 megawatts of nuclear capacity. On October 6, 2026, Constellation and Google announced an agreement covering 890 megawatts of new nuclear capacity. The October 14, 2026 Brazos Valley sale was the latest of the three events and carries a USD 860 million transaction value.

Next reporting date

Constellation Energy is scheduled to report third-quarter 2026 results before the market opens on November 9, 2026, according to Simply Wall St.

Stock price and operating scale

Constellation Energy operates a 55-gigawatt generation fleet and serves 2.5 million customer accounts, according to the company. Its primary listing is Nasdaq, where the October 16, 2026 quote page showed a USD 228.63 to USD 406.04 52-week range.

Constellation Energy was trading at EUR 233.45 at Lang & Schwarz on October 20, 2026 at 11:47 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Constellation Energy stock.