Prediction: Constellation Energy Reclaims Its $412 Record Before 2030
Getting back to the record by 2030 takes about 13% a year. This year's guided earnings growth is running at twice that pace.
Overview
Constellation Energy (NASDAQ:CEG) reached $412.70 within the past year. As of this writing, shares go for about $274 -- roughly a third below that record. My prediction: shares take the record back before 2030.
The climb that prediction requires is steep but, arguably, not wild. From about $274, returning to $412.70 by the end of 2029 works out to about 13% compound annual appreciation over the next three and a half years.
Details
For scale, Constellation's net income across the trailing 12 months comes to $3.5 billion, on revenue of $31.3 billion. Constellation is also a company whose growth over the rest of the decade is spelled out in advance to an unusual degree.
Source
Originally published at www.fool.com.
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