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An update from Constellation Energy Corporation ( (CEG) ) is now available.
On January 7, 2026, Constellation Energy Corporation completed its previously announced merger under which Calpine Corporation became a wholly owned subsidiary, with Calpine remaining the issuer of nearly $2.4 billion of senior and senior secured notes. On January 15, 2026, Constellation completed private exchange offers for any and all outstanding Calpine notes, with approximately $2.29 billion in principal amount validly tendered, retired and canceled in exchange for new Constellation notes carrying the same interest rates, maturities and payment dates, and it secured consents to amend Calpine’s note indentures to remove most restrictive covenants and events of default, thereby simplifying its capital structure and increasing financial and operational flexibility for the combined company and its bondholders.
The most recent analyst rating on (CEG) stock is a Buy with a $376.00 price target. To see the full list of analyst forecasts on Constellation Energy Corporation stock, see the CEG Stock Forecast page.
Spark’s Take on CEG Stock
According to Spark, TipRanks’ AI Analyst, CEG is a Neutral.
The score is led by solid underlying financial performance (growth and improved gross margin) and a constructive earnings update (beat and tighter guidance, strong nuclear reliability). These positives are tempered by negative free cash flow and weakening profitability margins, weak near-term technical momentum, and a relatively expensive valuation with a low dividend yield.
To see Spark’s full report on CEG stock, click here.
More about Constellation Energy Corporation
Constellation Energy Corporation (Nasdaq: CEG) is a Pennsylvania-based energy company operating through its subsidiary Constellation Energy Generation, LLC. Following a merger completed on January 7, 2026, Calpine Corporation became a wholly owned subsidiary of Constellation, positioning the group as a larger issuer of senior and senior secured notes in the U.S. energy and power generation market.
Average Trading Volume: 2,642,356
Technical Sentiment Signal: Buy
Current Market Cap: $103.2B
Learn more about CEG stock on TipRanks’ Stock Analysis page.