WallStSmart
CEG

Constellation Energy Corp

NASDAQ: CEG · UTILITIES · UTILITIES - INDEPENDENT POWER PRODUCERS

$297.00
-2.85% today

Updated 2026-04-29

Market cap
$113.58B
P/E ratio
42.37
P/S ratio
4.45x
EPS (TTM)
$7.40
Dividend yield
0.53%
52W range
$216 – $412
Volume
3.1M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Constellation Energy Corp (CEG) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$297.00
Consensus
$383.00
+28.96%
2030 Target
$1,473.23
+396.04%
DCF
$190.13
-45.61% MoS
15 analysts:
12 Buy3 Hold0 Sell

Management guidance

CEO Joseph Dominguez has guided to base EPS expansion exceeding 20% annually through 2029, with 2026 EPS guidance of $11-$12 (midpoint $11.50). The company projects strong revenue growth driven by AI data center demand for carbon-free electricity, though specific revenue dollar targets for 2026-2030 were not disclosed at the recent investor day. Management announced $3.9B capital investment plan to support growth through 2029.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$2,455.38
$45.6B Rev × 20x P/S
Base case (2030)
$1,473.23
$45.6B Rev × 12x P/S
Bear case (2030)
$982.15
$45.6B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2029 (E)2030 (E)
Revenue$24.9B$23.6B$25.5B$29.3B$32.1B$40.2B$45.6B
Revenue growth—-5.4%8.3%14.8%9.5%12.3%13.4%
EPS$3.72$8.68$7.56$11.50$14.25$20.50$24.60
P/S ratio———12.0x12.0x12.0x12.0x
Implied price———$954.87$1,036.72$1,309.54$1,473.23

Catalysts & risks

Growth catalysts
+ Three Mile Island Unit 1 nuclear restart completion (delayed to 2031 per grid operators)
+ Data center power purchase agreements with Meta, Microsoft, and other hyperscalers
+ Successful execution of Calpine integration post-acquisition
+ Federal nuclear production tax credits and clean energy incentives
+ AI-driven electricity demand growth accelerating faster than grid capacity additions
Key risks
- Grid interconnection delays (Three Mile Island connection delayed from 2026 to 2031)
- Regulatory delays and permitting uncertainty for power plant restarts
- Data center contract delays and execution risk on major PPA wins
- Margin pressure from PJM generation asset sale to LS Power ($5B deal reducing EBITDA)
- Competitive intensity in nuclear power supply contracts as other utilities enter AI data center market
- Refinancing risk on $8.99B total debt in rising rate environment

Methodology

Constellation Energy Corp's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 15 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.