Constellation Is Strong But Overpriced Relative To Peers
CEGstellation Energy (CEG) Seeking Alpha·2024-09-10 05:53

Walter Bibikow/DigitalVision via Getty Images Constellation Energy Corporation (NASDAQ:CEG) is well known for its nuclear energy production, which it sells to grids like PJM and directly to co-located data centers. Both routes have been the source of tremendous growth for the company. Given the growth rate, it may appear that CEG's 24X forward multiple is cheap, but I believe that a significant portion of the growth will reverse due to factors outside of the company's control. Explosive growth Constellation ...