CEG, NasdaqGS

Constellation Energy Corporation (CEG)

Price (as of October 22)

87.28USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

CMS

CMS Energy Corporation

-0.25

CPK

Chesapeake Utilities Corporation

-0.19

CWT

California Water Service Group

-0.18

AESC

The AES Corporation

-0.17

AES

The AES Corporation

-0.14

AEPPZ

American Electric Power Company, Inc.

-0.13

AGR

Avangrid, Inc.

-0.13

ENIC

Enel Chile S.A.

-0.13

AEE

Ameren Corporation

-0.09

ALE

ALLETE, Inc.

-0.09

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Highest within Industry

Symbol Correlation

NEE

NextEra Energy, Inc.

0.52

EXC

Exelon Corporation

0.5

SRE

Sempra

0.41

SO

The Southern Company

0.4

IDA

IDACORP, Inc.

0.37

D

Dominion Energy, Inc.

0.36

DUK

Duke Energy Corporation

0.36

XEL

Xcel Energy Inc.

0.36

AQN

Algonquin Power & Utilities Corp.

0.21

ADN

Advent Technologies Holdings, Inc.

0.18

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Profile

Sector:
Utilities
Industry:
Utilities

Constellation Energy Corporation generates and sells electricity in the United States. The company operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. It sells natural gas, renewable energy, and other energy-related products and services. The company has 32,400 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. It serves distribution utilities; municipalities; cooperatives; and commercial, industrial, governmental, and residential customers. The company was incorporated in 2021 and is headquartered in Baltimore, Maryland. Constellation Energy Corporation was formerly a subsidiary of Exelon Corporation.