Constellation Energy's long-term contracts and growing nuclear-power demand underpin its appeal. It signed 15- to 20-year deals with Google, Amazon and Walmart in 2026, yet its forward P/E has fallen to about 20x from a massive 2025 premium. It looks like an even better bet today. x.com 

Constellation Energy's baseline is now strong enough to support the equity story without immediate new hyperscaler deals; AI and contracting add upside. Its new framework guides 2026 adjusted operating EPS of $11.00-12.00 and 20%+ base EPS growth through 2029, excluding buyback accretion, with a $5.0B buyback and $3.9B of growth capital. Shares fell because management announced no new data center deal after expecting one by this call, and the EPS midpoint was slightly below consensus. x.com 

Constellation Energy is the only operator at scale that can supply the 24/7 baseload power every AI data center needs. Gas peakers can't carry it, grid interconnection queues run 4-7 years, and the US hasn't built a new commercial reactor in 30 years, while Constellation owns 22 GW of nuclear, the largest US fleet. Forward EPS of $13.57 at a 25-30x peer multiple implies $339-407 fair value versus $285.83 today, with capped supply and pricing power compounding for years. x.com 

Constellation Energy earns an A growth grade among large S&P utilities, and its massive nuclear fleet supplies the premium 24/7 product data centers need. It keeps converting output to long-term PPAs, recently signing another 920 MW, while substantial uncontracted nuclear capacity remains available. That leaves more unregulated merchant exposure than Vistra, whose larger retail book gives steadier earnings. x.com  x.com  x.com 

Vistra's shift toward long-term hyperscaler contracts may warrant a higher multiple than its roughly 14x forward earnings, versus about 21x for Constellation. Its 3.8 GW of nuclear commitments with Meta and Amazon could reduce exposure to volatile wholesale prices; Lotus added 2.6 GW of gas capacity and the pending Cogentrix deal could add 5.5 GW. Further contracts and controlled leverage remain important to the upside case. x.com 

Constellation Energy is one of the best value investments available, owning firm 24-hour power, the largest bottleneck in the AI buildout, where data centers are being built. It raised EPS guidance to $11.50-12.50 and signed 920MW of new nuclear PPAs averaging 18.5 years, including Walmart's first nuclear deal, with about 30% of its clean baseload fleet now contracted. The Crane restart is on track for 2H 2027, and it trades at 23x forward earnings, below last year's price. x.com 

Constellation Energy's setup has improved a lot, with about $19 per share of EPS expected by 2029. Positioning has reset after independent power producers were a great short, and now that the AI trade has moved on from them they can focus on capital allocation and free cash flow, offering good long-term risk/reward on the long side. x.com 

Centrus Energy's fast-growing backlog looks increasingly large against its market value, though the opportunity depends on SMRs. Backlog rose from $1.2B to $4.5B in two years, about twice its $2.2B market cap despite the stock falling from $411 to $109; it extends through 2040. Backlog has grown roughly 20% a quarter, much of it from companies like Oklo and Constellation Energy. The market may not believe in SMRs. x.com  x.com  x.com 

Power producers with direct hyperscaler supply deals, like Vistra and Constellation Energy, capture more AI value than most neocloud operators, because power is the binding constraint; Microsoft's CEO says it is power-constrained, not chip-constrained. Data centers need 24/7 power that solar and wind can't provide, creating a nuclear and gas premium only partly priced in. Vistra guides 2026 EBITDA of $6.8-7.6B and free cash flow of $3.9-4.7B with demand locked in; the discount has narrowed. … Show more

Constellation Energy is landing a massive nuclear deal with Google, reinforcing its position as one of the best-placed beneficiaries of AI's need for huge amounts of reliable power. It is the largest US nuclear provider, producing roughly 20% of the country's nuclear power and about 10% of US clean energy. x.com