Constellation Energy Corporation (NASDAQ:CEG) is one of the best uranium stocks to buy according to Wall Street analysts. On May 11, Constellation Energy Corporation (NASDAQ:CEG) reported its Q1 FY2026 financial results, in which it posted adjusted operating earnings of $2.74 per share against the $2.54 that Wall Street expected. Quarterly revenue came in at $11.1 billion, a massive 64% year over year jump, and well ahead of the forecasted $8.5 billion.
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According to management, this revenue jump was driven almost entirely by the addition of Calpine Corporation, a major natural gas power generator that Constellation acquired in early 2026. This new unit brought in a large new fleet of gas, solar, and other assets onto Constellation’s books for the first time.
On the EPS side, the Calpine acquisition contributed approximately $2 per share of annualized accretion, meaning it directly lifted the company’s earnings power. On top of that, higher capacity prices in the PJM power grid region and lower stock-based compensation added to the beat. These gains were partially offset by more planned nuclear refueling outage days compared to last year, lower zero-emission credit payments from state programs, and higher costs to serve customers during Winter Storm Fern, noted management.
For the full year 2026, management reaffirmed its adjusted operating EPS guidance of $11 to $12 per share. Looking further out, management projected free cash flow of $8.4 billion across 2026 and 2027. They expect cash flow to expand to $11.5 billion to $13 billion in 2028-2029, and are also guided for earnings growth exceeding 20% annually through 2029.
Constellation Energy Corporation (NASDAQ:CEG) is an energy company focused on power generation and energy supply, with a large portfolio of uranium-powered, hydro, wind, and solar assets. The company is one of the largest operators of nuclear power plants in the United States.
While we acknowledge the risk and potential of CEG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CEG and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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