Constellation Energy's (CEG) Q2 Results Top Estimates on Strong Energy Demand

Constellation Energy Corporation (NASDAQ:CEG) is one of the best alternative energy stocks to buy right now. On August 7, the company delivered better-than-expected second-quarter results, attributed to strong performance in the Generation and Commercial businesses.

The company generated adjusted operating earnings of $1.91 per share, representing a significant improvement from the $1.68 per share reported in the same quarter last year. Revenue in the quarter totaled $6.1 billion, against $4.88 billion that analysts expected.

The better-than-expected results came as Constellation Energy capitalized on increasing demand for electricity to power American families, businesses, electric vehicles, and artificial intelligence. Amid the strong demand, the company is increasingly adding megawatts to the grid and extending the lives of its existing fleet. It also plans to expedite the Crane Clean Energy Center restart, as it expands nuclear plant capacity.

Constellation Energy Corporation (NASDAQ:CEG) is the nation’s largest producer of reliable, clean, carbon-free energy and a leading supplier of energy products and services. It provides electric power, natural gas, and energy management services.

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Disclosure: None. This article is originally published at Insider Monkey.