Constellation Reports 2026 Guidance Below Expectations Amidst Data Center Deal Concerns
Constellation's 2026 operating earnings guidance ranges from $11 to $12 per share, missing the consensus of $11.73. The absence of new data center deals has contributed to investor concerns, reflecting the growing scrutiny surrounding data center development.
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Constellation's forecast for 2026 operating earnings is set between $11 and $12 per share, below the consensus estimate of $11.73. The company's CEO noted the intention to secure major new deals for power supply to tech firms but refrained from announcing new contracts due to regulatory scrutiny on data centers.
In Michigan, Attorney General Dana Nessel highlighted concerns regarding data centers, including their impact on electricity supply and local communities. The state hosts over 70 data centers, primarily not utilized for AI, raising issues of accountability and potential tax revenue. Increased public pushback could hinder future investments in data center projects.
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