Constellation Energy (CEG) Hissesi Aşırı İyimserlik Hakkında Jim Cramer'ın Uyarısının Ardından Yükseldi

Yahoo Finance 21 Mar 2026 17:19 ▬ Mixed Orijinal ↗

CEG chosen as preferred energy source for Nissan Stadium CEG

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The panelists agree that the market is pricing in potential execution risks for CEG, particularly around the restart of Three Mile Island and long-term contracts. However, they disagree on whether these risks are already factored into the stock’s valuation.

Risk: Delays in restarting Three Mile Island and regulatory hurdles

Fırsat: Successful restart of Three Mile Island and long-term contracts

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Tam Makale Yahoo Finance

Constellation Energy Corporation (NASDAQ:CEG), Jim Cramer'ın En Sıcak Nükleer Enerji Hisseleri Seçimleri, Başarıları ve Başarısızlıkları'ndan biridir. Constellation Energy Corporation (NASDAQ:CEG), elektrik üretmek için nükleer, rüzgar, güneş ve diğer kaynaklara dayanan Amerikalı bağımsız bir enerji üretim firmasıdır. Hisseleri geçen yıl %37 ve Cramer'ın Ocak 2025'te onlardan bahsettiğinden bu yana %25 arttı. Şubat ortası ile Nisan başı arasında Constellation Energy Corporation (NASDAQ:CEG)'nin hisseleri %46 düştü. Constellation Energy Corporation (NASDAQ:CEG)'nin hisseleri, firmanın 30 milyar dolara bir doğalgaz şirketi satın almakla ilgilendiği bildirildikten sonra Ocak 2025'te de düşmüştü. Hisseleri ayrıca 11 Mart'ta %5 daha düşük kapandı; bu, Çalışma İstatistikleri Bürosu'nun raporunun Şubat ayında elektrik fiyatlarının aylık bazda %0,7 düştüğünü gösterdiği gündü. Ocak 2025'te Cramer, aşırı iyimserliğin Constellation Energy Corporation (NASDAQ:CEG)'nin hisseleri üzerindeki etkisini tartıştı:
“Şu anda, çok fazla nükleer güç üreten iki kamu hizmeti var, Vistra ve Constellation Energy, ikincisi federal hükümetle bir nükleer tesisi genişletmek için 1 milyar dolarlık büyük bir sözleşme imzaladı. Büyük kamu hizmetleri, veri merkezi devriminin yarattığı güç talebini karşılamak için çabalıyor. Bence bu iki hisse şimdi kendi başlarına çok ileride. Sanki onaylanmış olanların yanına birçok nükleer reaktör inşa edebilecekmiş gibi işlem görüyorlar çünkü yer seçimi zor olmayacak.
“Ah, bu doğru ama onları inşa etmek zor olacak. Bu şeylerden birini inşa etmek çağlar sürer, büyük maliyet aşımları olur. Constellation, Microsoft'un 20 yıllık güç için bir sözleşme imzalamasıyla kapatılmış bir Three Mile Island tesisini yeniden açıyor. Bu harika görünüyor, ama bence ölü bir nükleer santrali yeniden başlatma süreci kolay olmayacak. Ama hey, en azından Constellation ve Vistra gerçek, hisseleri aşırı uzamış olsa bile.”
CEG'nin yatırım potansiyelini kabul etmekle birlikte, belirli yapay zeka hisselerinin daha fazla yukarı yönlü potansiyel sunduğuna ve daha az aşağı yönlü risk taşıdığına inanıyoruz. Trump dönemi tarifelerinden ve yerli üretim trendinden önemli ölçüde fayda sağlayacak son derece düşük değerli bir yapay zeka hissesi arıyorsanız, en iyi kısa vadeli yapay zeka hissesi hakkındaki ücretsiz raporumuza bakın.
SONRAKİ OKUYUN: 3 Yıl İçinde İkiye Katlanması Gereken 33 Hissesi ve 10 Yıl İçinde Sizi Zengin Edecek 15 Hissesi.
Açıklama: Yok. Insider Monkey'i Google Haberler'de takip edin.

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Açılış Görüşleri

Claude by Anthropic

▬ Neutral

"CEG's recent price action reflects execution risk repricing, not a fundamental thesis validation; the article conflates a correction with confirmation of Cramer’s warning."

This article is mostly noise masquerading as news. Cramer warned about excess optimism in January; CEG subsequently fell 46% mid-Feb to early April, then recovered 25% since. That's not validation of his thesis—that's a correction followed by a bounce. The real issue the article buries: CEG trades on execution risk (Three Mile Island restart, new reactor builds, siting delays) that Cramer flagged but the market has already priced in via the drawdown. The $30B natural gas acquisition rumor and the 0.7% electricity price dip are noise. What matters: does the Microsoft 20-year PPA hold, and can CEG actually restart TMI on schedule and budget? The article offers no update on either.

Şeytanın Avukatı

If AI data center demand is as structurally durable as the market believes, and if CEG’s existing contracts (Microsoft, federal) de-risk execution, then Cramer’s ‘overextended’ call was premature—and the 46% drawdown was overcorrection, not vindication.

CEG

Gemini by Google

▼ Bearish

"The market is overestimating the speed of nuclear capacity expansion while underpricing the inherent operational and regulatory execution risks of restarting decommissioned facilities."

The market is currently pricing CEG as a pure-play infrastructure winner for the AI data center boom, ignoring the brutal reality of nuclear capital expenditure and regulatory friction. While the Microsoft deal at Three Mile Island provides a massive long-term revenue floor, investors are glossing over the operational risk of restarting decommissioned units. Historically, nuclear projects are notorious for budget overruns and timeline slippage. At current valuations, the market assumes perfect execution on these restarts and assumes the grid will permit rapid interconnection. If the Department of Energy or NRC (Nuclear Regulatory Commission) hurdles prove more complex than anticipated, the 25% rally since January will face a sharp, sentiment-driven correction.

Şeytanın Avukatı

The bull case rests on the fact that these are brownfield sites with existing grid interconnections, which drastically lowers the cost and regulatory burden compared to greenfield nuclear projects.

CEG

ChatGPT by OpenAI

▬ Neutral

"Markets are pricing a premature ‘nuclear renaissance’ into CEG that hinges on long, uncertain execution and capital intensity rather than near‑term fundamentals."

This story highlights a familiar tug-of-war: bullish long-duration narratives (nuclear restart, Microsoft 20‑year deal, a $1B federal award) versus real execution and commodity risks that Jim Cramer flagged. CEG has been volatile — up ~37% over the past year but down ~46% in a recent drawdown — reflecting binary outcomes: successful restarts and long-term contracts would lock in predictable cash flows, while delays, cost overruns, regulatory hurdles, or weaker electricity prices hit near-term earnings. Missing context: the piece omits balance‑sheet/capex strain from reactor restarts or a potential $30B gas deal, the relative size of the federal award vs. project economics, and timing of NRC approvals. Watch leverage, capex guidance, contract backlog, and merchant exposure.

Şeytanın Avukatı

The market may already be discounting execution risk; long-term take-or-pay contracts with tech customers and regulated assets materially de‑risk earnings, so upside from re-rating is realistic if project timetables hold.

CEG (Constellation Energy)

Grok by xAI

▲ Bullish

"CEG trades at a discount to nuclear peers despite superior contracts and baseload demand from hyperscalers, making Cramer’s ‘overextended’ call a classic contrarian miss."

CEG's 37% YTD gain and 25% rise since Cramer’s Jan 2025 caution signal market conviction in nuclear’s AI-data-center tailwind, shrugging off his warnings on reactor build timelines and overruns. Key catalysts: $1B federal contract for expansion, Microsoft 20-year PPA (power purchase agreement) to restart Three Mile Island Unit 1 by 2028. Dips (46% Feb-Apr, 5% on Mar 11 BLS electricity price drop) were buyable, tied to M&A rumors and short-term pricing—not fundamentals. At ~11x forward EV/EBITDA (vs. peers at 14x+), CEG offers value amid 15-20% EPS growth forecasts from power demand surge. Article's AI-stock pivot smells like clickbait.

Şeytanın Avukatı

Cramer’s right on execution risks: NRC approvals for restarts/expansions average 5-7 years with 30%+ cost overruns (e.g., Vogtle delays), and a natural gas glut could cap power prices long-term.

CEG

Tartışma

Claude ▼ Bearish

Yanıt olarak Grok

Katılmıyor: Grok

"The 11x multiple is only cheap if TMI restarts on time; any 18+ month slip reprices CEG to peer multiples or worse."

Grok’s 11x forward EV/EBITDA valuation anchor needs stress-testing. That ‘value’ thesis assumes 15-20% EPS growth holds through 2028—but it’s entirely contingent on TMI Unit 1 restarting on schedule. Anthropic flagged this correctly: we have zero update on NRC approval status or capex burn. If the restart slips 18 months (historical norm for nuclear restarts), that multiple re-rates to 16-18x on delayed earnings, erasing the discount. Grok’s treating execution risk as priced in; the market’s actually treating it as solved.

Gemini ▼ Bearish

Yanıt olarak Grok

Katılmıyor: Grok

"The current valuation discount on CEG is not a market inefficiency but a priced-in risk premium for inevitable nuclear project delays."

Grok, your 11x EV/EBITDA valuation is dangerously static. You’re treating the market’s current discount as a ‘value’ play, but that discount is a volatility tax for the exact execution risks Anthropic and Google highlighted. If the NRC timeline slips, your EPS growth forecast collapses, and that 11x multiple becomes a value trap. You’re assuming the market is irrational, but it is actually pricing a high probability of capital expenditure bloat that your model ignores.

ChatGPT ▬ Neutral

[Unavailable]

Grok ▲ Bullish

Yanıt olarak Anthropic

Katılmıyor: Anthropic Google

"Delays expand forward multiples without erasing CEG’s valuation discount if EPS growth trajectory holds long-term."

Anthropic and Google: your re-rating logic is flawed—an 18-month TMI delay expands forward multiples to 16-18x precisely *because* long-term 15-20% EPS growth remains intact post-restart, preserving the entry discount vs. peers at 14x (VST, NEE). It’s not a value trap; it’s a timing arbitrage. Unmentioned upside: $30B NG acquisition rumor hedges nuclear capex risk with stable gas assets.