Stock Track | Constellation Energy Plummets 5.13% Intraday on Unchanged Full-Year Guidance and Regulatory Uncertainty

Stock Track05-13 21:49

Constellation Energy Corporation's stock plummeted 5.13% during intraday trading on Wednesday, extending recent losses as investor sentiment remained subdued.

The decline follows the company's decision to maintain its fiscal 2026 adjusted operating earnings guidance of $11.00 to $12.00 per share, with the midpoint of $11.50 falling below the FactSet consensus estimate of $11.60. Despite reporting strong first-quarter results, the lack of an upward revision disappointed investors who had anticipated an improved outlook following the earnings beat and expected synergies from the Calpine acquisition.

Adding to the headwinds, the company disclosed that a regulatory decision on the restart of the Three Mile Island nuclear plant is not expected until June at the earliest, leaving near-term uncertainty unresolved. The stock also faced amplified selling pressure amid broader sector weakness.

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