NEW YORK, June 27, 2026, 18:04 (EDT)
- Constellation Energy Corporation NASDAQ:CEG finished the regular Friday session at $264.02. The stock did not trade in a regular Nasdaq session on Saturday.
- The stock dropped 4.2% between Monday’s close and Friday’s close. That wiped roughly $4.1 billion off its market value, based on 359.1 million shares outstanding.
- CEG is trading close to the low end of its 52-week range. New York saw a nuclear-license filing this week, and Walmart signed its first nuclear power purchase agreement.
Constellation Energy Corporation NASDAQ:CEG heads into the next U.S. trading week with shares lingering near a 52-week low. That’s despite two recent signals that buyers and regulators could extend the life and coverage of its nuclear fleet.
No regular Nasdaq trading session was held on Saturday. Nasdaq’s posted hours for U.S. equities are 9:30 a.m. to 4 p.m. ET, Monday to Friday. The exchange also notes July 3 as closed for Independence Day observed. Constellation Energy (CEG) last finished regular trading at $264.02 on Friday.
Constellation shares dropped four out of five days last week, closing Monday at $275.53. The stock finished Friday at $264.02, down 4.2% for the week, according to Constellation’s historical price table. Volume on Friday hit 3.92 million shares.
The stock lost $11.51 a share from Monday’s close through Friday, cutting about $4.1 billion in market value based on 359.1 million shares outstanding, Barron’s data show. Shares finished the week 36% under their 52-week high of $412.70, and sit less than 10% above the 52-week low at $240.51.
That’s the tension for investors. The company is putting more years on assets investors see as scarce, but the stock’s still waiting to see if longer durations and new power contracts actually boost earnings and cash flow.
Constellation said Friday it has filed to renew the operating licenses for the Ginna Clean Energy Center and Nine Mile Point Unit 1 in New York, aiming to keep the plants running through 2049. CEO Joe Dominguez said the company’s four nuclear units in upstate New York supply almost half the state’s clean power.
Nothing will move fast here. The NRC says it got the Nine Mile Point Unit 1 application on March 25 and accepted it for review on April 23. A draft environmental assessment isn’t due until November 2026, with a safety evaluation report set for March 2027.
Walmart Inc. NYSE:WMT is set to buy around 176 megawatts of power from Constellation’s Dresden Clean Energy Center in Illinois, according to a Tuesday announcement. The deals run for 15 years each and start in 2029 and 2030. The agreement includes 30 megawatts from newly expanded capacity. Constellation said this marks Walmart’s first nuclear power purchase agreement.
Constellation CCO Jim McHugh said “Walmart’s commitment enables meaningful investment” at Dresden. Shayne Wahlmeier, Walmart U.S. energy exec, said the company wanted power that’s “dependable, responsibly produced.” Constellation
Walmart’s deal is minor in scope—176 megawatts is just 0.32% of Constellation’s 55 gigawatts of owned generation. For investors, what matters isn’t this initial contract’s volume. The main point is a large retailer—not a tech firm—signing on to buy long-term nuclear power. That pattern could turn important if more such contracts show up.
Constellation Energy Generation is extending exchange offers for a number of senior notes to July 10, after holders tendered more than 99.7% of each series last week. The balance-sheet item last week cleaned things up, but didn’t drive growth.
S&P 500 dropped 2.05% last week, while the Nasdaq slid 4.7%. AI and data-center names saw more pressure. “Questions around profitability and the capex story are certainly not going away,” said David Stubbs, chief investment strategist at AlphaCore Wealth Advisory, in comments to Reuters. Reuters
CEG gets part of its premium from the power-demand story tied to data centers and big corporate customers. Even with license-extension headlines and a retail nuclear PPA this week, the stock finished the week sitting in the lower 14% of its 52-week price range.
Wall Street analysts are much more bullish, with their average price target at $362.35, according to WSJ data. There are 17 buys, four overweight calls and three holds, against Friday’s close of $264.02.
Nasdaq has four days of trading this week before markets close for the July 3 holiday. The next scheduled company event is the July 10 exchange-offer deadline. Constellation’s earnings call for the second quarter is set for Aug. 6 at 10 a.m. EDT, according to its official calendar.
