Constellation Energy Stock Soars 40% as Nuclear Giant Secures Key Acquisition Approval
Constellation Energy's shares have surged 40% over the past year, dwarfing the S&P 500's 13% return. The nuclear power leader operates unlike traditional utilities, selling electricity competitively rather than through regulated distribution channels.
The U.S. Department of Justice granted final clearance for Constellation's $26.6 billion acquisition of Calpine, expected to close in early 2026. This positions the company to expand its dominance as America's largest low-carbon energy producer, despite recent investor concerns about required divestitures.
Third-quarter adjusted earnings ROSE to $3.04 per share from $2.74 year-over-year, with analysts forecasting 20% growth in 2026. The stock currently trades at a premium valuation—roughly double the utilities sector average P/E ratio—with price targets ranging from $360 to over $400.
