Constellation Energy Corp
- Industry
- AI Compute Energy
- Exchange
- US
- Country
- USA
- IPO date
- Feb 2, 2022
- Employees
- 15,291
- Website
- www.constellationenergy.com
Composite valuation range · conservative $150–$190 / fair $220–$270 / optimistic $330–$390. At $270, Within the fair intrinsic-value range.
At publication $262 (May 19, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
Constellation Energy Corporation produces and sells energy products and services in the United States. The company operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. It offers electricity, natural gas, energy-related products, and sustainable solutions. The company has approximately 31,676 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. It serves distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers. The company was incorporated in 2021 and is headquartered in Baltimore, Maryland.
History
Constellation Energy Corporation was incorporated in 2021 and is headquartered in Baltimore, Maryland. It conducted its IPO on February 2, 2022, following a corporate spin-off. In January 2026 it acquired Calpine, with deal consideration including roughly 50 million newly issued shares, about USD 4.5 billion in cash, plus assumed Calpine debt and project financing. In 2026 the company raised its quarterly dividend 10% to USD 0.4265 per share and lifted its buyback authorization to USD 5 billion.
Industry position
Constellation operates in the Utilities sector as an independent power producer across five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions, with roughly 31,676 MW of generating capacity (nuclear 22,069 MW, natural gas/oil 7,046 MW, renewables 2,561 MW, plus 4,798 MW contracted). After acquiring Calpine its capacity reached about 55 GW. It describes itself as the largest US clean, reliable energy producer and largest US nuclear company, serving about 2.5 million accounts including three-quarters of the Fortune 100. Its strongest competitor is Vistra, followed by NRG. The company has 15,291 employees, and its nuclear fleet posted capacity factors of 94.7%/94.6%/94.4% in 2025/2024/2023.