$CEG

The article argues nuclear demand tied to data centers and AI supports two stocks. Constellation Energy (CEG) is described as operating the largest US nuclear fleet, with Q2 revenue of $7.5B (+22.9%) and adjusted EPS of $2.55 (+33.5%). It cites NRC fuel license approval and FERC waiver, plus 920 MW of new PPAs. Cameco (CCJ) is framed as a Western uranium supplier with 433M pounds reserves and 2026 guidance: realized uranium price $91-$96/lb and uranium revenue $2.7B-$2.91B.

The article links AI-driven power demand growth to nuclear and gas operators. It cites the U.S. Department of Energy and Constellation CEO comments on higher 2026 hyperscaler spending. It highlights Constellation (CEG) Q2 EPS $2.55, raised 2026 guidance to $11.50-$12.50, and long-term PPAs; Vistra (VST) Helix JV with NVIDIA and Q2 EBITDA $1.77B; NextEra (NEE) Q2 EPS $1.15 and Duane Arnold restart by Q1 2029.

Constellation Energy (CEG) reported Q2 2026 adjusted operating earnings of $2.55 per share versus $1.91, citing Calpine integration, higher PJM capacity prices, and stronger commercial margins. Full-year guidance was raised to $11.50 to $12.50 per share. The company signed 920 MW of nuclear PPAs, deployed $2.2B of $5.0B repurchases, and expects $860M asset sales.

Constellation Energy (CEG) reported Q2 2026 sales of $7.504B and net income of $513M, declared a $0.4265 quarterly dividend, and said CEO Joseph Dominguez would become chair. The company highlighted long-term nuclear power contracts totaling about 920 MW with an 18.5-year average term, including Walmart, supporting predictable cash flows amid AI data center demand.

The article says hyperscalers are rapidly expanding data centers, but grid energy buildout can take 4 to 10 years, creating a bottleneck. It cites the IEA projecting data center power use rising from about 540 kWh per capita in 2024 to 1,200 by 2030. It highlights Constellation Energy and Vistra Energy securing long-term nuclear power deals, including Constellation’s ~920 MW contracts and Vistra’s 2,600 MW Meta deal.

In a Lightning Round on Aug. 12, Jim Cramer said Vistra (NYSE:VST) and Constellation Energy (NASDAQ:CEG) look oversold, citing AI power demand concerns. Vistra reported Q2 adjusted EBITDA up 31% to $1.77B but missed revenue and adjusted EPS, while reaffirming 2026 adjusted EBITDA guidance of $6.8B-$7.6B. Constellation beat Q2 adjusted EPS and raised 2026 guidance, despite softer revenue.

Consumers Energy is seeking Michigan Public Service Commission approval to transfer 13 hydroelectric dams to private equity-backed Confluence Hydro. The deal would pay $13 per dam and set a 30-year power buyback at $160/MWh, with Consumers proposing a $270 million dam safety fund. Gov. Gretchen Whitmer and others urge denial over safety, regulation, and river impacts; a decision is expected in September.

Maryland county leaders, state officials and Constellation Energy discussed a settlement over the Conowingo Dam. Under the agreement, Constellation will pay $340 million over coming decades for environmental projects in return for a state water quality certification. Federal Energy Regulatory Commission approval and a proposed EPA Section 401 rule change could affect timing, while an Army Corps study is expected in June 2027.

Michigan Gov. Gretchen Whitmer urged state regulators to reject Consumers Energy’s proposed sale of its in-state hydroelectric dam fleet to Confluence Hydro, owned by Hull Street Energy. In a letter to the Public Service Commission, she cited “unacceptable” safety and financial risks and said she would support the deal only with conditions. A judge had earlier recommended rejection.

CRANDALL ROGER W purchased 1,500 shares of Constellation Energy Corp (CEG) at $278.62 ($0.42M total) on 2026-08-11.