CEG signs long-term nuclear power contracts with Meta and Walmart, lowering its valuation multiple from nearly 50x to 21x.
Constellation Energy (NASDAQ: CEG) has secured 20-year nuclear power supply agreements with Meta and Walmart, supporting AI and clean energy initiatives. The deals highlight CEG’s ability to sell power at market rates outside regulated frameworks.
The stock’s price-to-earnings ratio has fallen to 21x from nearly 50x amid waning investor enthusiasm for nuclear power. The Walmart deal underscores growth beyond AI, while a recent Calpine acquisition expands its natural gas footprint.
CEG’s valuation adjustment reflects a shift from peak investor hype to a more sustainable multiple, despite ongoing demand for clean energy solutions.