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. Copyright: tomas1111 / 123RF Stock Photo 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.