Why Is Constellation Energy (CEG) Among the Best Electricity Utility Stocks to Invest In Now? [Yahoo! Finance]
Constellation Energy Corporation (CEG)
Company Research
Source: Yahoo! Finance
Utilities have historically been seen as defensive assets, so the combination of strong economic growth, technological excitement, and higher bond yields has created an unusual backdrop for their recent outperformance. In 2023, the U.S. power and utilities sector made significant strides in decarbonization, setting new records in solar power deployment and energy storage, and enhancing grid reliability and flexibility. The sector experienced mixed fundamentals, with mild weather leading to a slight decline in electricity sales. Wholesale electricity prices fell alongside lower natural gas costs, yet high capital expenditures for grid modernization and decarbonization, along with rising interest rates, contributed to potential increases in customer bills. In 2024 however, the utility sector seems to have outperformed the broader market, diverging from its typical sensitivity to long-term interest rates. Jefferies analysts, in a report released on September 19, attributed this outper
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CEG
News
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- Ceres: New benchmarking report finds carbon emissions from the U.S. power sector saw an accelerated downward trend in 2023 [Yahoo! Finance]Yahoo! Finance
- Nuclear Energy Comeback Action Is at the State Level [Yahoo! Finance]Yahoo! Finance
- Tear It Down or Start It Back Up? Plant Owners Weigh Options Around Retired Reactors [Yahoo! Finance]Yahoo! Finance
CEG
Earnings
- 11/4/24 - Beat
CEG
Sec Filings
- 11/14/24 - Form SC
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- CEG's page on the SEC website