Constellation Energy Gains 1.1% After Q1 Beat as $11-$12 Outlook Tempers Rally

9 articles · Updated · Barron's · May 11

Constellation shares cooled to a 1.1% premarket gain at $306.85 after briefly topping $320, as investors looked past a stronger-than-expected first quarter.
Adjusted EPS rose to $2.74 from expectations of $2.54, and revenue reached $11.12 billion versus an $8.46 billion FactSet consensus.
The restraint came from full-year adjusted operating earnings guidance of $11 to $12 a share, with its midpoint below the $11.60 analysts had expected.
Constellation also highlighted April milestones at two Calpine-run projects: the 105-megawatt Pastoria Solar Project entered service on April 16, and Pin Oak Creek Energy Center began commercial operations on April 30.

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