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Home/News Feed/Constellation Energy seen as a Buy after 20% drop, strong Q1 2026 results, and $5B buyback plan.

CEG

$287.75

+$1.44 +0.50%

Constellation Energy seen as a Buy after 20% drop, strong Q1 2026 results, and $5B buyback plan.

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Company Fundamentals

29 May 2026

Seeking Alpha

View Source

Bullish

Constellation Energy Corporation's stock fell about 20% year-to-date, but strong Q1 2026 earnings beat expectations with $2.74 adjusted EPS and $11.1 billion revenue, boosted by the Calpine acquisition. The company reaffirmed its 2026 EPS guidance of $11.00–$12.00 and expects conservative 2027 EPS, not yet factoring in potential data center power contracts. A $5 billion share buyback was authorized, and free cash flow guidance for 2026–27 stands at $8.4 billion. While the stock valuation isn't cheap, upside potential exists if new contracts materialize, making it a Buy recommendation.

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