Constellation Energy gains after raising annual profit forecast, Q2 beat
06/08/2026 14:47
BUZZ-Constellation Energy gains after raising annual profit forecast, Q2 beat Updates
** Shares of U.S. power company Constellation Energy CEG.O up ~3% at $272.11
** Co raises full-year adjusted profit forecast range to $11.50–$12.50 per share, from its prior view of $11-$12 per share
** CEG posts Q2 adjusted profit of $2.55 per share vs analysts' estimate of $2.28 per share - LSEG data
** Co says it has agreed with LS Power to divest the Brazos Valley Energy Center, a 606 MW natural gas-fired plant in ERCOT for $860 million
** Transaction expected to close by the end of this year
** Including session's down, CEG down ~23% YTD
(Reporting by Sumit Saha and Dharna Bafna in Bengaluru)