Constellation Energy
Largest U.S. nuclear fleet operator — data center power deals signal tightness in clean baseload supply.
$280.3
Trend YoY growth is +60.2%, slowing by 37 bps/month over the last 3Y. Deviations have remained below trend for 24 consecutive periods. Latest: +37.7%, 22.5 pp below trend, a 0.5σ deviation. The latest YoY reading is boosted by 51.2 pp due to an easy comparison base from Apr 9.
Level
YoY %
y = 74.8% − 37 bps/mo · t
Deviation from trend
Forecast
Rolling 1Y trend forecast
| Forecast made in | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 | Nov '26 | Dec '26 | Jan '27 | Feb '27 | Mar '27 | Apr '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May '25 | +52.5% | +44.1% | +36.1% | +27.7% | +19.4% | +11.3% | +3.0% | -5.1% | -13.4% | -21.7% | -29.3% | -37.6% | -45.7% | -54.0% | -62.1% | -70.4% | -78.7% | -86.8% | -95.1% | -103.2% | -111.5% | -119.9% | -127.4% | -135.7% |
| Jun '25 | +44.5% | +36.7% | +28.7% | +20.7% | +13.0% | +5.0% | -2.7% | -10.7% | -18.7% | -25.9% | -33.9% | -41.6% | -49.6% | -57.3% | -65.3% | -73.3% | -81.0% | -89.0% | -96.8% | -104.8% | -112.7% | -120.0% | -127.9% | |
| Jul '25 | +39.2% | +31.6% | +24.0% | +16.6% | +9.0% | +1.6% | -6.0% | -13.6% | -20.5% | -28.2% | -35.5% | -43.2% | -50.5% | -58.2% | -65.8% | -73.2% | -80.8% | -88.2% | -95.8% | -103.4% | -110.3% | -117.9% | ||
| Aug '25 | +40.6% | +33.4% | +26.4% | +19.2% | +12.1% | +4.9% | -2.3% | -8.9% | -16.1% | -23.1% | -30.3% | -37.3% | -44.6% | -51.8% | -58.8% | -66.1% | -73.1% | -80.3% | -87.5% | -94.1% | -101.3% | |||
| Sep '25 | +36.7% | +29.2% | +21.5% | +14.0% | +6.3% | -1.5% | -8.5% | -16.2% | -23.7% | -31.4% | -38.9% | -46.7% | -54.4% | -61.9% | -69.6% | -77.1% | -84.9% | -92.6% | -99.6% | -107.3% | ||||
| Oct '25 | +32.1% | +24.6% | +17.4% | +10.0% | +2.6% | -4.2% | -11.6% | -18.8% | -26.2% | -33.4% | -40.9% | -48.3% | -55.5% | -62.9% | -70.1% | -77.6% | -85.0% | -91.7% | -99.2% | |||||
| Nov '25 | +33.1% | +27.3% | +21.3% | +15.3% | +9.9% | +3.9% | -2.0% | -8.0% | -13.8% | -19.8% | -25.8% | -31.6% | -37.7% | -43.5% | -49.5% | -55.5% | -60.9% | -66.9% | ||||||
| Dec '25 | +33.3% | +28.2% | +23.0% | +18.4% | +13.3% | +8.3% | +3.1% | -1.8% | -7.0% | -12.1% | -17.1% | -22.2% | -27.2% | -32.3% | -37.5% | -42.1% | -47.2% | |||||||
| Jan '26 | +36.1% | +32.3% | +28.9% | +25.1% | +21.4% | +17.6% | +13.9% | +10.0% | +6.2% | +2.5% | -1.3% | -5.0% | -8.8% | -12.6% | -16.0% | -19.8% | ||||||||
| Feb '26 | +34.5% | +32.9% | +31.1% | +29.4% | +27.6% | +25.9% | +24.1% | +22.3% | +20.6% | +18.8% | +17.1% | +15.3% | +13.5% | +11.9% | +10.1% | |||||||||
| Mar '26 | +35.3% | +34.7% | +34.0% | +33.4% | +32.7% | +32.1% | +31.4% | +30.8% | +30.1% | +29.5% | +28.8% | +28.2% | +27.6% | +26.9% | ||||||||||
| Apr '26 | +31.8% | +30.1% | +28.4% | +26.8% | +25.1% | +23.4% | +21.7% | +20.0% | +18.4% | +16.7% | +15.0% | +13.4% | +11.7% |