Why Constellation Energy Stock Surged 17.5% in February

1 week ago 8

Matt DiLallo, The Motley Fool

Thu, March 5, 2026 astatine 7:25 AM CST 3 min read

Shares of Constellation Energy (NASDAQ: CEG) rocketed 17.5% successful February. It was a large period for the powerfulness shaper arsenic it reported its fourth-quarter fiscal results and secured different woody to proviso energy to a information halfway customer. That followed the acquisition of Calpine, which closed successful January.

Here's a person look astatine what fueled its large determination past period and whether investors should buy Constellation Energy stock present pursuing its caller surge.

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A atomic powerfulness works with powerfulness lines successful the background.

Constellation Energy reported beardown fourth-quarter results successful precocious February. The powerfulness institution generated astir $6.1 cardinal of gross and $2.30 per stock of adjusted operating earnings. Both exceeded analysts' expectations (the statement estimates were $5.6 cardinal successful gross and $2.25 per stock successful adjusted operating earnings). This expectation-beating study sent shares soaring.

That capped an fantabulous twelvemonth for Constellation Energy. Its full-year adjusted operating net accrued from $8.64 per stock to $9.39 per share, powered by favorable marketplace and portfolio conditions. As a result, the institution exceeded the mid-point of its net guidance scope for the 4th consecutive year.

Constellation Energy's beardown momentum has continued successful aboriginal 2026. The institution closed its acquisition of Calpine successful aboriginal January. That woody combined Calpine's starring earthy state and geothermal fleets with Constellation's industry-leading atomic vigor platform.

That acquisition is already paying disconnected for Constellation Energy. The institution announced past period that Calpine has agreed to supply 380 megawatts (MW) of powerfulness to a caller information halfway successful Texas nether improvement by CyrusOne. The information halfway developer volition physique the installation adjacent to Constellation's Freestone Energy Center successful Texas. The institution besides signed an exclusive statement to supply an further 380 MW of powerfulness to signifier 2 of this project. Constellation Energy has present agreed to proviso implicit 1.1 gigawatts (GW) of powerfulness to CyrusOne to enactment its increasing information halfway platform.

The woody with CyrusOne builds connected Constellation Energy's caller occurrence successful securing powerfulness contracts with information halfway companies. It antecedently signed semipermanent agreements with Microsoft and Meta Platforms for atomic power.

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