Overview
- Constellation posted stronger Q1 results Monday, with adjusted EPS of $2.74 and revenue of $11.12 billion.
- Shares gave back early gains after the company reaffirmed full‑year earnings guidance at $11 to $12 per share.
- The January purchase of Calpine expanded the fleet, with April startups at the 105 MW Pastoria Solar project in California and the 460 MW Pin Oak Creek plant in Texas.
- Constellation advanced a Texas data‑center plan through a net‑metering approval tied to a CyrusOne agreement that could scale to 760 MW.
- Execution faces timing risks from a required 4.4 GW asset sale to LS Power plus reports of grid bottlenecks that could slow a Three Mile Island restart.