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Constellation Energy Stock Update
Constellation Energy (NASDAQ: CEG) reached an all-time high of approximately $410 per share, which is also its 52-week high, before experiencing a pullback of around 10%. The company is poised to benefit significantly from an expected 55% increase in electricity demand from 2020 to 2040, driven by factors such as artificial intelligence and electric vehicles.
As the largest provider of nuclear power in the U.S., Constellation is strategically positioned in the clean energy market, as evidenced by its partnership with Microsoft to supply power from the Three Mile Island site. In terms of valuation, Constellation Energy’s price-to-book (P/B) ratio is 7.8 and its price-to-earnings (P/E) ratio exceeds 41, significantly higher than industry averages. This places the stock at a premium, raising concerns about its investment viability amidst the high demand for nuclear energy.
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