Constellation Energy Corporation generates and sells electricity in the United States. It operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. The company sells natural gas, energy-related products, and sustainable solutions. It has approximately 33,094 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. It serves distribution utilities; municipalities; cooperatives; and commercial, industrial, governmental, and residential customers. The company was incorporated in 2021 and is headquartered in Baltimore, Maryland.

Constellation Energy Corporation

Key Points
Constellation Energy sells power under long-term contracts on the open market.
NextEra Energy operates a large regulated utility business and a large clean energy business.
Demand for electricity is on the rise, with cleaner power alternatives increasingly favored. Utilities are no longer boring investments; there are very real growth opportunities ahead across the entire power sector. Which companies are best situated to take advantage? Constellation Energy (NASDAQ: CEG) and NextEra Energy (NYSE: NEE) are two you should consider, but they have vastly different business profiles.
Constellation Energy isn't a regulated utility
Constellation Energy owns a large fleet of nuclear power plants and, via a recent acquisition, also produces electricity with natural gas. That's half the story, as both are cleaner alternatives compared to coal. The other half of the story is that Constellation Energy isn't regulated, allowing it to sell power on the open market. Although it uses long-term contracts, the prices it can charge tend to rise and fall with demand. If demand is high, as many expect it will be for the foreseeable future, Constellation Energy will be well-positioned for years to come.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Investors could easily justify buying Constellation for either its nuclear power exposure or because of its non-regulated business model. That said, it is a more aggressive option in the utility sector. For example, the stock is up 40% over the past year, but down 20% from its 52-week high. So it isn't cheap, but it also isn't as expensive as it was.
NextEra Energy is a hybrid option
NextEra Energy is more appropriate for income investors, as the dividend has been increased annually for decades. The yield is well above the market at 2.6%, which is also well above the 0.5% yield offered by Constellation Energy. NextEra Energy's business is also much less risky, given that the foundation is its large regulated electric utility operations in Florida. Florida has long benefited from in-migration, giving NextEra a slow and steady growth profile.
That said, NextEra Energy also has a growth angle. In addition to its regulated assets, it has built one of the world's largest solar and wind power businesses. Clean energy is an increasingly in-demand power option. The combination of regulated utility and clean energy giant is expected to support dividend growth of 6% a year for the next few years.
Both are attractive, but one will likely suit you better
Both Constellation Energy and NextEra Energy are attractive businesses. More aggressive types will likely find Constellation more to their liking, while conservative investors focused on income will probably prefer NextEra Energy. That said, both are fairly well-positioned to benefit from the growing demand for electricity.
Should you buy stock in Constellation Energy right now?
Before you buy stock in Constellation Energy, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Constellation Energy wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $504,832!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,223,471!*
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*Stock Advisor returns as of May 2, 2026.
Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Constellation Energy and NextEra Energy. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

NextEra Energy vs. Constellation Energy: Which Utility Stock Is Built for This Market?

Key Points
Oklo recently announced a collaboration with Nvidia and the Los Alamos National Laboratory.
Constellation Energy is targeting 20% earnings-per-share growth through 2029.
Cameco is the second-largest producer of uranium in the world.
The nuclear resurgence is underway, driven by the energy needs of artificial intelligence (AI) infrastructure, data centers, and growing populations. Nuclear is a strategically important energy source, and will remain so for the foreseeable future.
Three nuclear energy stocks stand out as great options to buy and hold for the long term. Cameco (NYSE: CCJ), Constellation Energy (NASDAQ: CEG), and Oklo (NYSE: OKLO) all have their own reasons why they will shine in the coming decades.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Nuclear needs Cameco's uranium
Cameco is the world's second-largest uranium producer, having produced 17% of all the world's uranium in 2024. Uranium is the fuel that nuclear reactors rely upon, so Cameco is a powerful player in the industry. This also gives the company an incredible competitive moat that will be difficult to penetrate.
The company's financials tell a compelling story. Overall, revenue grew 11% to $3.48 billion in 2025. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2025 grew 26%. Cameco has a strong backlog of uranium commitments, providing it with excellent revenue visibility and consistent cash flow.
Its stock has risen dramatically in the past 12 months, up more than 120%. Cameco is trading at a significant premium now, with both its forward and trailing P/E ratios above 120. This can be justified, however, if investors take a long-term approach to the stock and believe in the company's growth trajectory.
Cameco is due to report its first-quarter 2026 earnings results on Tuesday, May 5.
Constellation's growth is more than compelling
Constellation's growth story is eye-popping. The nuclear facility operator is targeting earnings-per-share (EPS) growth of more than 20% through 2029. It currently operates the largest nuclear fleet in the U.S.
The company has a non-replicable set of facilities but also benefits from incredible data center energy requirements -- a powerful combination. To meet demand, the company is strategically investing nearly $4 billion in growth capital expenditures, expecting double-digit returns. This competitive moat will serve the company and its shareholders well for years to come.
Constellation announced in its last quarterly earnings report that it expects to increase the dividend by another 10% in 2026, following a 10% increase in 2025. Constellation also plans to buy back another $5 billion in shares this year, another bullish sign for investors.
As of this writing, Constellation's stock has dropped 13% since the beginning of 2026. This drop in share price marks an appealing entry point for investors still on the sidelines.
Oklo is the nuclear stock of the future
You may be surprised to see a pre-revenue company on this list of nuclear stocks to buy and hold for decades. Admittedly, Oklo is a far higher-risk investment than Cameco or Constellation, but the upside potential is also massive for this designer of small nuclear reactors.
The company's partnerships are gaining real momentum. It recently announced a high-profile collaboration with Nvidia and the Los Alamos National Laboratory to support the federal government's Genesis Mission. Inclusion in this deal is a real boost for the company's credibility and future commercial viability.
Oklo is awaiting full licensing approval from the Nuclear Regulatory Commission (NRC) to become fully operational. The company could start generating real revenue by 2027.
The stock is quite volatile. The 52-week range spans from a low of $22 per share to a high of $193 per share. Oklo is best suited for those who can withstand wild price swings. As of this writing, Oklo is trading around $70 per share, which is a decent entry point considering the bullish partnership pipeline.
Nuclear is here to stay
Nuclear energy is increasingly becoming more efficient and clean. In a world with insatiable energy demand and a growing appetite for sustainability, nuclear will play a significant role. Cameco, Constellation, and Oklo each have their own charted paths within this sector, but will all play hugely impactful parts.
Depending on your time horizon and risk profile, these three companies are worth buying and holding onto for decades.
Should you buy stock in Cameco right now?
Before you buy stock in Cameco, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Cameco wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $504,832!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,223,471!*
Now, it’s worth noting Stock Advisor’s total average return is 971% — a market-crushing outperformance compared to 202% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of May 1, 2026.
Catie Hogan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Cameco, Constellation Energy, and Nvidia. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The Best 3 Nuclear Energy Stocks to Buy and Hold for Decades

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Utilities ETF (Symbol: IDU) where we have detected an approximate $106.5 million dollar outflow -- that's a 6.2% decrease week over week (from 14,600,000 to 13,700,000). Among the largest underlying components of IDU, in trading today Southern Company (Symbol: SO) is up about 0.6%, Constellation Energy Corp (Symbol: CEG) is up about 0.8%, and Waste Management, Inc. (Symbol: WM) is lower by about 0.3%. For a complete list of holdings, visit the IDU Holdings page » The chart below shows the one year price performance of IDU, versus its 200 day moving average:
Looking at the chart above, IDU's low point in its 52 week range is $100.3342 per share, with $120.82 as the 52 week high point — that compares with a last trade of $118.93. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
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Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

iShares U.S. Utilities ETF Experiences Big Outflow

Key Points
Utilities are no longer the "slow lane" stocks of yesteryear, thanks to the sector's AI-growth catalyst.
Two utilities in particular stand to benefit greatly from this secular growth trend.
Alongside these two names, there's a venerable utility that stands out as a buy.
Until recently, investors considered utility stocks as "slow and steady" plays. While great for income-focused investors, they're not exactly the cornerstone of younger, growth-focused investors' portfolios. However, with the rise of generative artificial intelligence (GenAI), demand for electricity is rising. As this trend transforms utilities into growth plays, what are the best utility stocks to buy today?
Among major electric, gas, and water utilities, two stand out as strong names that benefit greatly from the aforementioned secular growth trends. Alongside these AI-related utility stocks stands a water utility with the longest dividend growth streak.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
The utility stocks in question are American States Water (NYSE: AWR), Constellation Energy Group (NASDAQ: CEG), and NextEra Energy (NYSE: NEE).
American States Water: 71 consecutive annual dividend increases (and counting)
American States Water owns several utility companies, most notably Golden State Water Company. It serves over 1 million customers across 10 states. While American States Water's size and scale pale in comparison with the similarly named American Water Works, you may want to buy this water utility over the other.
American States Water is one of the Dividend Kings, or stocks with more than 50 consecutive years of dividend growth. The stock has the longest dividend growth streak among U.S.-listed stocks. The company has increased its dividend each calendar year for 71 consecutive years.
American States Water may have only a 2.5% yield, but between its dividend growth track record, and the company's goal of a 7% annualized dividend growth rate moving forward, this utility could deliver steady and strong total returns in the years ahead.
Constellation Energy Group is embracing the AI revolution
Electric utilities may be benefiting from electricity growth stemming from the proliferation of AI data centers, but among electric utility stocks, Constellation Energy Group may be the one with the strongest AI catalyst. So far, the tech industry has secured an electricity supply where it can, regardless of whether it comes from fossil fuels or renewable sources.
However, in the long term, locking in clear energy sources will become a much greater priority. That's good news for Constellation. It owns the largest fleet of nuclear facilities in the United States. Nuclear energy was previously shunned for safety reasons, but big business and public opinion have been shifting, mainly because of its greater scalability compared to wind or solar energy.
Since it's trading for 26 times forward earnings, AI-related growth at first appears already accounted for in the stock's valuation. Even so, as the AI data center trend remains in motion, Constellation remains poised to live up to forecasts calling for annualized earnings growth of around 20%. If this happens, the stock could sustain this valuation, or perhaps even experience a further rerating.
NextEra is another utility with AI and "green wave" catalysts
NextEra Energy is the parent company of Florida Power & Light. Owning a utility in a fast-growing state has contributed to its strong performance in recent years, but so too has the company's aggressive pivot toward generating electricity via renewable sources.
Through its NextEra Energy Resources unit, the company has been building renewable and natural gas power plants across the U.S. Although the company initially intended to capitalize on the "green wave," or a major pivot toward the generation and use of clean energy, NextEra is now capitalizing on another tailwind: the AI data center growth trend.
After the stock got out of its early 2020s slump, shares have nearly doubled in price in less than three years. Better yet, further upside may be in the cards for this renewable energy stock. For one, management anticipates annualized earnings growth of around 8% between now and 2035. This could help sustain the stock's mid-20s forward earnings multiple, with shares continuing to rise in line with increased earnings. Earnings growth also points to continued dividend growth. The dividend, currently at around 2.6%, has increased 32 years in a row.
Should you buy stock in NextEra Energy right now?
Before you buy stock in NextEra Energy, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and NextEra Energy wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $497,606!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,306,846!*
Now, it’s worth noting Stock Advisor’s total average return is 985% — a market-crushing outperformance compared to 200% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of April 30, 2026.
Thomas Niel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Constellation Energy and NextEra Energy. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The Best Utility Stocks of 2026

An updated edition of the March 9, 2026 article.
Nuclear energy is increasingly viewed as a key solution for meeting the world’s growing demand for clean electricity. As utilities shift toward low-carbon power sources, nuclear stands out for its ability to provide reliable, carbon-free generation. Unlike solar and wind, which depend on weather conditions, nuclear power delivers steady, around-the-clock output.
Momentum in the sector is building, supported by license extensions for existing reactors, development of Small Modular Reactors (“SMRs”), approvals for new nuclear projects, and the restart of previously retired U.S. facilities. Rising investments from major technology companies in SMR development further highlight growing investor interest in nuclear energy stocks.
In the United States, policy initiatives aim to expand nuclear capacity from around 100 gigawatts (GW) in 2024 to nearly 400 GW by 2050. As countries pursue decarbonization goals, nuclear energy continues to gain traction, currently accounting for nearly 20% of total U.S. electricity generation. The U.S. Nuclear Regulatory Commission is renewing licenses of existing nuclear plants so that it can provide clean energy for a longer period.
Supportive policies and continued advancements in SMRs are strengthening the sector’s outlook. Rising demand for reliable, round-the-clock clean power, driven by AI data centers, manufacturing reshoring and electric vehicles, is creating new growth opportunities. At the same time, recent initiatives by the Department of Energy to strengthen the nuclear fuel supply chain underscore the growing importance of securing fuel as nuclear generation expands.
With this increasing importance, nuclear energy-related stocks, such as PG&E Corporation PCG, Constellation Energy Corporation CEG and Duke Energy Corporation DUK, are becoming attractive investment options. Unlike other clean energy sources affected by intermittency, nuclear power plants provide a consistent and stable energy output, operating around the clock except during planned maintenance intervals.
Compared with other clean energy sources, nuclear power requires far less land to generate an equivalent amount of electricity. While all conventional energy sources produce waste, nuclear energy stands out for its highly regulated, secure and well-structured waste management and storage practices. Moreover, the growing adoption of electric vehicles, increasing grid demand, and the expansion of large artificial intelligence-driven data centers are further highlighting the importance of nuclear power plants.
Nuclear Energy stocks have huge potential and can offer significant growth opportunities for investors. Our Nuclear Energy Screen makes it easier for investors to locate high-potential stocks at any given time. Apart from the stocks mentioned above, investors can also explore stocks like Denison Mines Corp. DNN and Energy Fuels UUUU, as these companies ensure the supply of uranium for the smooth running of nuclear power plants.
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PG&E Corporation operates California’s only operating nuclear power plant, Diablo Canyon Power Plant. The company recently received approval from the U.S. Nuclear Regulatory Commission to operate both units of the Diablo Canyon Power Plant for an additional 20 years. The company is actively investing in technology to enhance the efficiency and lifespan of this facility, which provides nearly 20% of California's clean energy.
PG&E Corporation is enhancing its nuclear capabilities through innovation and efficiency initiatives, including the use of AI-driven solutions at the Diablo Canyon plant to improve performance, lower costs and strengthen compliance. Overall, its nuclear platform offers a key competitive edge by delivering reliable, carbon-free power, supporting earnings visibility through license extensions and providing exposure to future nuclear advancements.
The company is not actively pursuing large-scale nuclear expansion, the extended life of Diablo Canyon, along with potential policy support for advanced nuclear technologies, positions PG&E to benefit from future growth in next-generation nuclear energy. This Zacks Rank #2 (Buy) stock plans to invest $73 billion in the 2026-2030 period to further strengthen its existing operation. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Constellation Energy is the largest nuclear power plant operator in the United States, producing about 10% of the nation’s total clean energy. With over 20 reactors spread across the Midwest, Mid-Atlantic, and Northeast, it plays a pivotal role in providing dependable, carbon-free electricity. Its expansive nuclear fleet enables the company to meet rising demand from energy-intensive sectors like data centers, while its position as the top merchant nuclear operator offers unmatched geographic reach and operational scale. The company is restarting the Three Mile Island Unit 1 and exploring SMR options to meet rising demand for clean energy in its service region.
To safeguard long-term operations, the company has secured multiple uranium supply contracts extending into the 2030s, helping mitigate geopolitical risks. It continues to modernize its plants to boost performance, extend operational life, and sustain a fleetwide capacity factor exceeding 94%, well above industry averages. The company is making strategic acquisitions to further expand its nuclear portfolio. Constellation Energy is planning to invest $10.4 billion during the 2026-2027 period.
Looking ahead, this Zacks Rank #3 (Hold) stock is ramping up investments to grow its nuclear capacity. This includes upgrades to existing sites and the potential addition of up to one gigawatt of new carbon-free capacity over the next decade. The company is also advancing next-generation nuclear technologies to further enhance efficiency and sustainability in the years ahead.
Duke Energy operates 11 nuclear units across six sites in North Carolina and South Carolina, collectively capable of producing nearly 10,700 megawatts (MW) of clean electricity. Nuclear power plays a critical role in Duke Energy’s generation mix, accounting for 27.5% of the company’s total electricity output in 2024. It is also the only clean energy source that provides continuous, around-the-clock availability. Duke Energy is also exploring the idea of using SMR technology to produce electricity.
Duke Energy recently received approval from the U.S. Nuclear Regulatory Commission to operate its 759 MW Robinson Nuclear Plant for another 20 years and operate it till 2050. The company intends to pursue subsequent license renewals for all its reactors to ensure continued long-term operation. Duke Energy is also actively pursuing nuclear energy expansion as part of its long-term clean energy strategy, particularly in the Carolinas.
This Zacks Rank #3 company intends to invest $103 billion during the 2026-2030 period to fund the company's generation fleet transition and grid modernization, and expand its zero-carbon generation portfolio.
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Nuclear Energy Stocks to Gain From Rising Clean Energy Transition

Key Points
Cameco is the world's second largest uranium miner by production and is present through almost the whole nuclear fuel cycle.
Constellation Energy is America's largest green energy company and its largest nuclear operator.
BWX Technologies is a leading naval nuclear reactor company pushing the limits of nuclear fission technology.
We've had the technology for nuclear power generation since the 1950s but aside from France, every country has continued to favor oil, natural gas, and coal since then. That's changing though.
Around the world, nuclear power is enjoying a renaissance of renewed interest and investment. In the U.S. alone, the Department of Energy has set a goal to triple America's nuclear output by the middle of the century. Big tech companies are working with power companies to resurrect nuclear plants to power data centers.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
As a result of that interest, nuclear stocks have been surging. And these three appear to be some of the best.
From the mine
Up first is Cameco (NYSE: CCJ), one of the world's premier uranium miners. In 2025, it was responsible for 15% of all the uranium produced in the world that year. The only company that produced more was Kazakhstan's state-owned company Kazatomprom.
The company is present through virtually the entirety of the nuclear fuel cycle. It has two high-grade mines in Canada and a third low-grade mine in Kazakhstan. It also has a fuel services division that refines and produces finished uranium fuel rods.
Finally, through a joint venture with Brookfield Asset Management (NYSE: BAM) it has 49% ownership of Westinghouse, an engineering company that produces the AP1000, which is the most advanced nuclear reactor on the market today.
For 2025, Cameco's revenue grew 11% and it maintains both a high net profit margin of 16.9% and a low debt-to-equity ratio of 0.14, which is good to see in an industry as capital intensive as mining.
To the reactor
All the uranium Cameco mines is for reactors around the world, including the 94 in the United States. And the single largest operator of those nuclear reactors is Constellation Energy Corp (NASDAQ: CEG).
Constellation is a pretty straightforward energy company with one key thing that sets it apart. It's both America's largest producer of green energy and its largest producer of nuclear energy. It owns 21 of America's nuclear reactors and it will be adding a new one soon.
The company has partnered with Microsoft (NASDAQ: MSFT) to recomission part of the Three Mile Island nuclear plant as the Crane Clean Energy Center. Once completed (targeted for 2028), Microsoft has a 20-year power purchase agreement with Constellation to buy energy from the plant for its data centers in the area.
As an energy utility, Constellation is fairly stable and slow-growing. For 2025, its revenue was up 8.3% over 2024 and it recorded a net profit margin of 9.1%. It also has a healthy debt-to-equity ratio of 0.61.
It does pay a dividend, which it has increased every year since 2022. But it only yields 0.55% at present. However, with a payout ratio of 20.96%, Constellation has plenty of room to keep growing that dividend into the future.
Speaking of the future, Constellation's nuclear fleet represents the current generation of nuclear technology well, but there are plenty of companies pioneering the frontier of fission technology.
And onto the future
BWX Technologies (NYSE: BWXT) has been a leader in the naval nuclear reactor industry since the 1950s when it designed and produced components for the USS Nautilus, the world's first nuclear submarine. Since then, it has produced over 400 nuclear reactors for the U.S. Navy.
Its history in naval nuclear technology has given BWX a lot of experience making nuclear reactors work on a small scale. And it is bringing that capability to bear with its BWXT Advanced Nuclear Reactor or BANR, which is a small modular reactor (SMR).
SMRs work on the same principles as a conventional nuclear reactor, they're just smaller. BWX's BANR is no different. It's designed to be built in parts in a factory and then shipped out and put together at its final location. Once constructed, it can generate 75 megawatts of power, which makes it a potential solution to the power needs of artificial intelligence (AI) data centers.
And where other SMR companies are start-ups focused solely on developing SMRs, BWX has plenty of revenue from its existing business. For 2025, it brought in revenue of $3.19 billion, up 18% over 2024. Its earnings per share (EPS) grew 20% over the same period. The company also maintains a net profit margin of 10.3%.
If Cameco and Constellation represent the present of nuclear technology, BWX represents the future, the bleeding edge of where nuclear engineering is headed. All three of them are worth a look and I expect the nuclear bull run will continue through the remainder of this year and into the future.
Should you buy stock in Cameco right now?
Before you buy stock in Cameco, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Cameco wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $498,522!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,276,807!*
Now, it’s worth noting Stock Advisor’s total average return is 983% — a market-crushing outperformance compared to 200% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of April 25, 2026.
James Hires has positions in BWX Technologies and Cameco. The Motley Fool has positions in and recommends BWX Technologies, Brookfield Asset Management, Cameco, Constellation Energy, and Microsoft. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

3 Nuclear Energy Stocks That Are Quietly Becoming the Trades of the Year

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in General Motors Co (Symbol: GM), where a total of 40,102 contracts have traded so far, representing approximately 4.0 million underlying shares. That amounts to about 68.1% of GM's average daily trading volume over the past month of 5.9 million shares. Particularly high volume was seen for the $85 strike call option expiring June 18, 2026, with 12,485 contracts trading so far today, representing approximately 1.2 million underlying shares of GM. Below is a chart showing GM's trailing twelve month trading history, with the $85 strike highlighted in orange:
Madison Square Garden Entertainment Corp (Symbol: MSGE) options are showing a volume of 1,952 contracts thus far today. That number of contracts represents approximately 195,200 underlying shares, working out to a sizeable 67.8% of MSGE's average daily trading volume over the past month, of 287,975 shares. Especially high volume was seen for the $55 strike put option expiring May 15, 2026, with 1,946 contracts trading so far today, representing approximately 194,600 underlying shares of MSGE. Below is a chart showing MSGE's trailing twelve month trading history, with the $55 strike highlighted in orange:
And Constellation Energy Corp (Symbol: CEG) options are showing a volume of 19,634 contracts thus far today. That number of contracts represents approximately 2.0 million underlying shares, working out to a sizeable 67.5% of CEG's average daily trading volume over the past month, of 2.9 million shares. Particularly high volume was seen for the $300 strike call option expiring May 15, 2026, with 835 contracts trading so far today, representing approximately 83,500 underlying shares of CEG. Below is a chart showing CEG's trailing twelve month trading history, with the $300 strike highlighted in orange:
For the various different available expirations for GM options, MSGE options, or CEG options, visit StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable Friday Option Activity: GM, MSGE, CEG

The companies operating in the Zacks Utility - Electric Power industry are enjoying the benefits of rising demand and electricity prices in the United States. The demand for reliable clean electricity is rising in the United States, due to the development of AI-based data centers, the usage of more electric vehicles, more demand from industrial customers due to the reshoring of some industries and the usage of more electricity by residential customers.
With growing emission concerns and stricter environmental regulations, U.S. utilities are increasingly shifting toward cleaner energy mixes. Companies such as NextEra Energy NEE and Constellation Energy CEG are boosting investments in renewables, including solar, wind and energy storage. This transition is lowering carbon intensity while strengthening long-term sustainability, as a larger portion of electricity generation comes from low or zero-emission sources without compromising reliability or meeting rising demand.
NextEra Energy is a leading U.S. utility widely recognized for its dominance in renewable energy and long-term sustainable growth strategy. The company continues to invest significantly in wind, solar, battery storage and grid modernization, reinforcing its leadership in the clean energy transition. Through its subsidiaries, Florida Power & Light and NextEra Energy Resources, NEE operates one of the largest wind and solar portfolios globally. Supported by strong financial execution and a history of innovation, NEE offers investors a blend of stability and long-term growth potential driven by the shift toward clean energy.
Constellation Energy presents an attractive investment case as one of the largest producers of carbon-free nuclear power in the United States. Its fleet of nuclear assets delivers reliable baseload electricity with minimal exposure to fuel price volatility, ensuring steady and predictable cash flows. With increasing demand for firm, clean power from data centers and industrial electrification, the company is well-positioned to benefit from the growing need for zero-emission energy. Ongoing capital investment and supportive policy trends further enhance its long-term growth outlook.
With clean energy demand accelerating, it is worth taking a closer look at the fundamentals of both companies to determine which one presents the stronger investment opportunity.
NEE and CEG’s Earnings Estimates
The Zacks Consensus Estimate for NextEra Energy’s earnings per share in 2026 has increased 0.25% in the past 60 days. Long-term (three to five years) earnings growth is pegged at 8.51%.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Constellation Energy’s earnings per share in 2026 has declined 2.32% in the past 60 days. Long-term earnings growth is pegged at 21.62%.
Image Source: Zacks Investment Research
NEE and CEG’s Return on Equity
Return on Equity (“ROE”) is an essential financial indicator that evaluates a company’s efficiency in generating profits from the equity invested by its shareholders. It demonstrates how well management is utilizing the capital provided to increase earnings and deliver value.
NextEra Energy’s current ROE is 12.25% compared with Constellation Energy’s 20.77%.
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NEE & CEG’s Dividend Yield
Dividends are regular payments made by a company to its shareholders and represent a direct way for investors to earn a return on their investment. It is an important indicator of a company’s financial health and stability, often signaling strong cash flow and consistent earnings.
Currently, the dividend yield for NextEra Energy is 2.77% compared with the Zacks S&P 500 composite’s average of 1.4%, and the same for Constellation Energy is 0.59%.
NEE & CEG’s Long-Term Strategic Investment Plans
Capital expenditure is critical in the energy sector, as it drives infrastructure development, system reliability and long-term growth. Utilities must consistently invest in power generation, transmission and distribution networks to meet rising demand, integrate renewable energy sources and comply with evolving regulatory standards.
NextEra Energy plans to invest nearly $94.2 billion between 2025 and 2030 to support growth and infrastructure development. Constellation Energy plans to invest nearly $5.7 billion and $4.7 billion for 2026 and 2027, respectively. Nearly 29% of projected capital expenditures are for the acquisition of nuclear fuel, which includes additional nuclear fuel to increase inventory levels.
Valuation
NextEra Energy currently appears to be trading at a discount compared with Constellation Energy on a Price/Earnings Forward 12-month basis. (P/E- F12M).
NEE is currently trading at 23.38X, while CEG is trading at 23.68X.
Image Source: Zacks Investment Research
In the past six months, NextEra Energy’s shares have gained 14% against Constellation Energy’s decline of 24.8%.
Price Performance (Six Months)
Image Source: Zacks Investment Research
Summing Up
Constellation Energy and NextEra Energy produce substantial amounts of clean energy, enabling them to efficiently meet the electricity needs of millions of customers across their U.S. service areas.
Based on the above discussion, NextEra Energy currently has an edge over Constellation Energy. NEE’s price performance, better earnings estimate movement, stronger dividend yield, elaborate capital investment and cheaper valuation make it attractive compared with Constellation Energy.
Though NextEra Energy and Constellation Energy both carry a Zacks Rank #3 (Hold), the former is showing better prospects.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Constellation Energy vs. NextEra Energy: Which Utility Stock Wins Now?

Constellation Energy Corporation (CEG) ended the recent trading session at $292.77, demonstrating a +1.95% change from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.41%. Elsewhere, the Dow lost 0.36%, while the tech-heavy Nasdaq lost 0.89%.
Shares of the company have depreciated by 5.33% over the course of the past month, underperforming the Oils-Energy sector's loss of 0.95%, and the S&P 500's gain of 9.71%.
Analysts and investors alike will be keeping a close eye on the performance of Constellation Energy Corporation in its upcoming earnings disclosure. The company's earnings report is set to go public on May 11, 2026. On that day, Constellation Energy Corporation is projected to report earnings of $2.52 per share, which would represent year-over-year growth of 17.76%. Simultaneously, our latest consensus estimate expects the revenue to be $8.77 billion, showing a 29.22% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $11.78 per share and a revenue of $32.63 billion, demonstrating changes of +25.45% and +27.81%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Constellation Energy Corporation. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.32% higher. Currently, Constellation Energy Corporation is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Constellation Energy Corporation is currently exchanging hands at a Forward P/E ratio of 24.38. For comparison, its industry has an average Forward P/E of 16.55, which means Constellation Energy Corporation is trading at a premium to the group.
Investors should also note that CEG has a PEG ratio of 1.13 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. CEG's industry had an average PEG ratio of 2.52 as of yesterday's close.
The Alternative Energy - Other industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 72, placing it within the top 30% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Constellation Energy Corporation (CEG) Increases Despite Market Slip: Here's What You Need to Know

Key Points
Nuclear power is in the middle of a renaissance as electricity demand from AI has exploded.
Constellation Energy is well-positioned in nuclear, but Wall Street's fascination with the power source has faded.
Constellation Energy (NASDAQ: CEG) is in the middle of its own bear market, with its stock down 25% from its 52-week high. The company has been making some big moves, expanding its business and inking important power supply deals. The problem is a shift in investor sentiment. But for most investors, the recent negativity around the stock probably isn't bad enough to make it a buy.
Constellation Energy sells power
Unlike a regulated electric utility, Constellation Energy sells power on the open market. That is good if demand for electricity is material, since the company can charge what are likely to be attractive market rates. The world is increasingly using electricity, with huge demand coming from technologies like electric vehicles and artificial intelligence. Electricity demand is, indeed, strong right now, and it is expected to remain strong for years to come.
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Constellation Energy is in a good position. Adding to the allure is the company's large portfolio of nuclear power assets. Given that nuclear power doesn't produce greenhouse gases, it is a clean energy source. Tech giants like Meta (NASDAQ: META) have been inking deals with Constellation Energy to gain access to its clean nuclear power. Nuclear is going through a renaissance, leading investors to bid up the price of companies like Constellation Energy.
Meanwhile, Constellation Energy has broadened its portfolio with the acquisition of Calpine, an electricity generator that largely uses natural gas. Constellation Energy is now a bigger and more diversified business and even better prepared to meet the growing electricity needs of its customers. From a business perspective, Constellation Energy is very attractive.
Nuclear is less hot than it was
However, investor enthusiasm for nuclear power stocks has cooled off a bit. That's a big part of the 25% drawdown that the stock has experienced. The stock is, indeed, cheaper than it was, but it still isn't particularly cheap. For investors who care about valuation, however, it probably won't be worth buying. It is still up 40% over the past year and nearly 300% over the past three years.
Looking at traditional valuation metrics highlights the problem even more. Constellation Energy's price-to-sales ratio remains twice its five-year average, even after the decline. The price-to-earnings ratio is 40x, which is very high on an absolute level. In fact, it is even higher than the roughly 32x P/E of the average technology stock.
Good business, not so good price
Even a good business can be a bad investment if you pay too much for it. That looks like the situation with Constellation Energy right now. There are only two ways to remedy this. Either the stock can fall until the valuation is more reasonable, or the business can grow into the current valuation, which would likely mean the stock price remains stagnant. Neither option is a great outcome for investors.
This is a stock you may want to keep on your wish list, but there's no particular reason to rush out and buy it right now.
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Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Constellation Energy and Meta Platforms. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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