Constellation Energy climbs after earnings beat, raised outlook
-1.52% to $261.10 from $265.12
What moved CEG
- Second-quarter revenue rose to $7.5 billion from $6.1 billion a year earlier, with adjusted earnings of $2.55 per share beating the $2.33 estimate.
- Constellation raised full-year adjusted earnings guidance to $11.50-$12.50 per share from $11.00-$12.00, pointing to rising power demand.
- The company signed an additional 920 megawatts of long-term power-purchase agreements and agreed to sell its 606-megawatt Brazos Valley Energy Center to LS Power for $860 million.
Sources: Yahoo Finance · Benzinga