CEG
Constellation Energy CorporationEvidence as of 2026-09-30The desk's Snapshot
3 of 15 open to everyone · members see allRead the full desk report on CEG
Seven analysts, the debate, the risk review, every claim cited. And the same for every name you hold.
Free plan, no credit card required. Silver opens the full report, $19.99 a month. AI-written · every claim cites a source · Insight, not advice.
Overview · Constellation Energy Corporation
Constellation Energy Corporation generates and sells electricity in the United States. The company operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. It sells natural gas, and other energy-related products and services. The company has approximately 32,355 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. It serves…
Management team
- Mr. James McHugh · Executive VP & Chief Commercial OfficerFind on LinkedIn
- Ms. Kathleen L. Barron · Executive VP and Chief Strategy & Growth OfficerFind on LinkedIn
- Mr. Daniel L. Eggers C.F.A. · Executive VP & CFOFind on LinkedIn
- Mr. Joseph Dominguez · President, CEO & DirectorFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.6 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
Revenue in the most recent reported fiscal quarters totaled about $ 11,122,000,000 in fiscal Q1 2026 (fiscal quarter ended 2026-04-30) and $ 7,500,000,000 in fiscal Q2 2026 (fiscal quarter ended 2026-07-31). Net income and operating income show notable quarter-to-quarter volatility — net income was $ 1,590,000,000 in fiscal Q1 2026 and $ 513,000,000 in fiscal Q2 2026, while operating income expanded to $ 2,332,000,000 in fiscal Q1 2026 then compressed to $ 580,000,000 in fiscal Q2 2026. Balance-sheet and cash-flow details emphasize integration effects: long-term noncurrent debt rose from $ 7,250,000,000 as of 2025-12-31 to $ 19,111,000,000 as of 2026-06-30, while cash and cash equivalents declined from $ 3,641,000,000 to $ 697,000,000 over the same interval; trailing twelve-month GAAP EPS is $ 11.55 while trailing twelve-month free cash flow is negative $ 4,604,000,000.
Market signals are mixed to weak: six-month momentum is -11.3% (15th percentile of the 567-stock universe), shorter-term 3-month momentum is +6.5%, maximum drawdown over three years is -50.7%, 90-day volatility is about 38.9% (65th percentile), price sits below both the 50- and 200-day SMAs, and relative strength versus SPY is negative over 6- and 12-month horizons. Filings disclose post‑acquisition effects tied to the January 2026 Calpine deal (anticipated goodwill, expanded commodity exposure, ownership split roughly 86%/14% immediately post-merger, DOE award obligations, and added cybersecurity and geothermal risk language).
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Total reported Revenues were 11,122,000,000 USD for the fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) and 7,500,000,000 USD for the fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0001868275-26-000067Net income shows quarter-to-quarter volatility: 1,590,000,000 USD in net income for fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) and 513,000,000 USD for fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo); earlier quarters include 118,000,000 USD (fiscal Q1 2025, 2025-01-01 to 2025-03-31, 3mo), 839,000,000 USD (fiscal Q2 2025, 2025-04-01 to 2025-06-30, 3mo) and 930,000,000 USD (fiscal Q3 2025, 2025-07-01 to 2025-09-30, 3mo).
XBRL companyfacts · 0001868275-26-000067Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
The 10-K filed 24 February 2026 states that following the January 2026 acquisition of Calpine, the company expects the consideration transferred to exceed the fair value of net assets acquired and therefore anticipates recording goodwill on the opening balance sheet.
10-K filed 2026-02-24The 10-K filed 24 February 2026 adds language that the combined company is exposed to commodity price risk for fuel and the unhedged portion of its generation portfolio, increasing the described scope of commodity exposure versus the prior filing.
10-K filed 2026-02-24Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
Momentum over the 6-month period is -11.3% and ranks in the 15th percentile of the 567-stock research universe on 2026-09-29.
Moneyta signal set · 2026-09-29weakened in debateShorter-term momentum over 3 months is +6.5% (as of 2026-09-29), which is a positive reading despite weaker medium- and longer-term momentum.
Moneyta signal set · 2026-09-29weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional 13F-reported holdings total $75.22B as of 2026-06-30.
13F holdings · 1875 filers · as of 2026-06-30Top reported institutional holders include BlackRock, Inc. ($6.10B), VANGUARD CAPITAL MANAGEMENT LLC ($5.23B), STATE STREET CORP ($4.82B), VANGUARD PORTFOLIO MANAGEMENT LLC ($3.93B), and ECP ControlCo, LLC ($3.57B) in the 13F filing for the period ended 2026-06-30.
13F holdings · 1875 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Multiple articles in late September 2026 report company-specific coverage about Constellation advancing the Crane nuclear restart and signing long-term power supply agreements tied to data-center and AI demand (articles dated 26–29 September 2026).
News · kalkinemedia.com · 2026-09-26Kalkine Media published several pieces on 26 September 2026 and 29 September 2026 that repeatedly highlight the Crane restart, data-center power deals, and related license actions, indicating the same company-focused theme across that outlet.
News · kalkinemedia.com · 2026-09-29Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The trailing twelve-month GAAP EPS is $11.55 and the price-to-earnings (P/E) ratio on the provided price $264.58 is 22.91.
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve-month free cash flow (FCF) is negative $4,604,000,000 and FCF per share is negative $12.7889, so a price-to-FCF multiple is not provided in the inputs.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
Several claims jointly support a favorable read: recent reported revenues and EPS show material scale and profitability (fundamentals-0, fundamentals-3), operating income expanded markedly in Q1 2026 (fundamentals-2), and trailing twelve-month GAAP EPS and P/E indicate earnings-based valuation metrics are positive on the provided price (valuation-0). Institutional ownership is large and concentrated among major asset managers (ownership-0, ownership-1), and multiple independent sell-side reports and company-focused news items highlight operational catalysts (news-0, news-5). Much of the negative evidence (higher long-term debt, reduced cash, negative FCF) is temporally linked to the January 2026 Calpine acquisition and related accounting/financing disclosures (fundamentals-5, filings-0, filings-2), which explains elevated leverage while also expanding the combined company’s scale; shorter-term momentum and elevated volatility show market attention rather than a uniformly weak technical profile (market-1, market-3).
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.38
36 surviving claims rest on 14 distinct sources; the heaviest analyst carries 22% of them, and 97% of what the desk raised survived the debate.
The surviving evidence set is moderately robust in breadth (claims draw from a dozen-plus distinct sources) but shows some dependence on a single analyst thread: one analyst carries a little under a quarter of the surviving claims. The very high survival rate through debate suggests the desk found few substantive counterarguments, which can raise confidence in internal consistency but also flags potential group-confirmation risk if dissenting views were limited. In short, this read has usable weight for informational purposes but is somewhat fragile to fresh, independently sourced updates that materially alter filings or balance-sheet figures.
Peer context · computed, not argued
12-1 momentum ranks 2nd of 2 in Utilities—Renewable (as of 2026-09-29).
6-month relative strength ranks 2nd of 2 in Utilities—Renewable (as of 2026-09-29).
90-day volatility ranks 2nd of 2 in Utilities—Renewable (as of 2026-09-29).
dividend yield ranks 1st of 2 in Utilities—Renewable (as of 2026-09-29).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
12 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer−0.3 to the score
4 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−0.8 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−0.4 to the score
2 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.4 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on CEG Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Get this for the names you actually hold
Every name in your portfolio, researched the same way, plus the one thing no sample can show: how each one sits inside what you already own.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.