Should You Buy, Hold or Sell Constellation Energy Before Q3 Earnings?

Constellation Energy (CEG) is expected to report Q3 2026 earnings on Nov. 9 with revenue growth of 32.66% and earnings growth of 28.29%, driven by Calpine assets, higher PJM capacity revenues, and strong nuclear operations. However, the stock has declined 18.2% and faces rising interest costs. While CEG trades at a discount to industry peers and benefits from growing data center demand, analysts recommend waiting for a better entry point.