CEG dips below 50 and 200-day SMAs amid project delays, but nuclear strength, Calpine deal and buybacks keep the bull case alive.

Recent performance and business profile Constellation Energy (CEG) has drawn attention after a weak run for the stock, with the price down about 10% over the past month and around 17% over the past 3 months. The company produces and sells electricity, natural gas, and energy solutions across several U.S. regions. It has about 31,676 megawatts of nuclear, wind, solar, natural gas, and hydro capacity serving a wide mix of customers. On recent reported figures, Constellation Energy generated...

Wondering whether Constellation Energy's current share price reflects its true worth, or if the recent pullback is opening up a better entry point? The stock last closed at US$265.70, with the share price down 9.6% over the past week, 13.7% over the past month, and 27.5% year to date, although the 3 year return sits at a very large 209.9%. Recent headlines have focused on Constellation Energy's role as a major power producer and its exposure to long term energy transition themes. This helps...