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CEG
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
39.95B

CEG Constellation Energy Corp Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for CEG with price predictions
07:00 PM EST Dec 07, 2023

CEG in -6.58% downward trend, sliding for three consecutive days on December 07, 2023

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where CEG declined for three days, in of 94 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 29, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CEG as a result. In of 31 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for CEG turned negative on November 29, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 17 similar instances when the indicator turned negative. In of the 17 cases the stock turned lower in the days that followed. This puts the odds of success at .

CEG moved below its 50-day moving average on December 06, 2023 date and that indicates a change from an upward trend to a downward trend.

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CEG advanced for three days, in of 141 cases, the price rose further within the following month. The odds of a continued upward trend are .

CEG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 114 cases where CEG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CEG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.407) is normal, around the industry mean (2.673). P/E Ratio (23.866) is within average values for comparable stocks, (88.974). Projected Growth (PEG Ratio) (3.007) is also within normal values, averaging (2.584). Dividend Yield (0.009) settles around the average of (0.049) among similar stocks. P/S Ratio (1.537) is also within normal values, averaging (30.918).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CEG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock worse than average.

A.I.Advisor
published Highlights

Industry description

The alternative power generation industry consists of companies that operate power facilities converting non-conventional forms of energy into electricity. These energy forms are alternatives to fossil fuels, and many of them are derived from natural resources. Alternative energy forms include solar, wind, hydro, and geothermal steam. A major purpose behind using alternative energy – also called ‘clean’ energy - is to address concerns related to the more conventional fossil fuels, such as the latter’s high carbon dioxide emissions which is often considered a factor in global warming. Alternative power generation has been gaining traction in recent years, and could grow further in the future. Large organizations like Google have invested substantially in wind and solar energy-powered electricity. Some of the prominent U.S. companies operating in the alternative power generation industry includes Ormat Technologies, Inc., TerraForm Power, Inc. and NextEra Energy Partners LP.

Market Cap

The average market capitalization across the Alternative Power Generation Industry is 5.31B. The market cap for tickers in the group ranges from 10 to 118.24B. REOVF holds the highest valuation in this group at 118.24B. The lowest valued company is CDVM at 10.

High and low price notable news

The average weekly price growth across all stocks in the Alternative Power Generation Industry was -1%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 3%. CEZYY experienced the highest price growth at 13%, while FNEC experienced the biggest fall at -36%.

Volume

The average weekly volume growth across all stocks in the Alternative Power Generation Industry was -16%. For the same stocks of the Industry, the average monthly volume growth was -26% and the average quarterly volume growth was 2%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 68
P/E Growth Rating: 66
Price Growth Rating: 60
SMR Rating: 75
Profit Risk Rating: 85
Seasonality Score: 24 (-100 ... +100)
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A.I. Advisor
published Earnings

CEG is expected to report earnings to fall 21.68% to $1.77 per share on February 23

Constellation Energy Corp CEG Stock Earnings Reports
Q4'23
Est.
$1.77
Q3'23
Beat
by $0.78
Q2'23
Beat
by $1.83
Q1'23
Missed
by $0.80
Q4'22
Missed
by $0.16
The last earnings report on November 06 showed earnings per share of $2.26, beating the estimate of $1.48. With 2.58M shares outstanding, the current market capitalization sits at 39.95B.
A.I.Advisor
published Dividends

CEG paid dividends on December 08, 2023

Constellation Energy Corp CEG Stock Dividends
А dividend of $0.28 per share was paid with a record date of December 08, 2023, and an ex-dividend date of November 16, 2023. Read more...
A.I. Advisor
published General Information

General Information

Industry AlternativePowerGeneration

Profile
Fundamentals
Details
Industry
N/A
Address
1310 Point Street
Phone
+1 800 483-3220
Employees
N/A
Web
https://www.constellation.com
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CEG and

Correlation & Price change

A.I.dvisor tells us that CEG and RNW have been poorly correlated (+28% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that CEG and RNW's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CEG
1D Price
Change %
CEG100%
+0.62%
RNW - CEG
28%
Poorly correlated
+0.58%
BEPC - CEG
28%
Poorly correlated
-1.24%
CWEN - CEG
25%
Poorly correlated
-0.32%
NRGV - CEG
25%
Poorly correlated
+0.42%
AQNU - CEG
25%
Poorly correlated
-0.47%
More

Groups containing CEG

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CEG
1D Price
Change %
CEG100%
+0.62%
Alternative Power Generation
(undefined stocks)
44%
Loosely correlated
+0.33%
Utilities
(undefined stocks)
41%
Loosely correlated
+0.03%