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Constellation Energy is scheduled to report earnings Monday morning, and options pricing suggests the stock could make a sizable move after the results. Traders are pricing in a potential move of up to about 7% by the end of the week. With shares closing Friday around $304, that range implies a move to roughly $324 at the high end or down to about $283 at the low end.
Constellation shares have fallen by about a third since reaching a record high in October. Morgan Stanley analysts said some investors may be concerned that booming data center demand could increase clean energy supply over time, potentially leading to lower prices.
Despite the recent decline, Constellation and other nuclear energy stocks have benefited in recent years from expectations that rising power demand from large technology firms building AI data centers could support nuclear generation. The sector’s outlook has been closely tied to how quickly new demand translates into long-term contracts and pricing.
UBS analysts cut their price target to $388 from $420 last month after an investor update from Constellation. UBS said the update pressured the stock in part due to conservative guidance, and that investors would need to remain patient while Constellation waits for regulatory clarity before making some key deals.
Analyst estimates compiled by Visible Alpha call for Constellation to report adjusted earnings of $2.34, up 20 cents year-over-year. Revenue is expected to rise 28% to $8.66 billion for the first quarter.
Analysts tracked by Visible Alpha are largely bullish. All but one of the eight analysts with current ratings call the stock a buy, with one neutral rating. The group’s average price target is just under $370, implying upside of about 22% from Constellation’s Friday close.
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