CEG
Constellation Energy Corporation
CEG's fundamentals are strong and it looks cheap: trading at 23x earnings, below its usual 32x. Analysts expect earnings growth, though they disagree widely on how much.
OKLO
Oklo Inc.
There isn't enough reported data to score OKLO yet.
CEG Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Stable |
CEG's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
OKLO Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Weak | |
| Unavailable | |
| Unavailable |
OKLO's profitability is currently weak. There isn't enough data to rate its revenue, cash flow and balance sheet.
CEG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 23x | $282 | — |
| Forward | 23x | $282 | — |
| Cheap | 24x | $294 | +4% |
| Fair | 32x | $395 | +40% |
| Expensive | 41x | $513 | +82% |
Historical ranges are pointers, not guarantees.
CEG's PE is in its cheap range at 22.6x. On analysts' estimates for next year's earnings, today's price would be 22.9x.
OKLO PE Valuation
OKLO has no meaningful PE right now: it lost money over the past year.
CEG Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Strong growth | |
| Weakening | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for CEG, but weaker profitability. However, they disagree widely on these estimates.
OKLO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect OKLO's losses to grow, with revenue growing. However, they disagree widely on these estimates.
CEG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.36 | -1% |
| Q3 2026 | $12.48 | +43% |
| Q2 2026 | $10.26 | +7.1% |
| Q1 2026 | $11.51 | +21% |
| Q4 2025 | $7.40 | -38% |
| Q3 2025 | $8.73 | -3.9% |
| Q2 2025 | $9.58 | +27% |
| Q1 2025 | $9.49 | +27% |
| Q4 2024 | $11.89 | +137% |
CEG has the edge over OKLO in the latest year-over-year earnings comparison.
OKLO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.96 | -$0.43 |
| Q2 2026 | -$0.94 | -$0.53 |
| Q1 2026 | -$0.84 | -$0.32 |
OKLO lost $0.96 per share over the past year, a bigger loss than the year before.
CEG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $9.6B | +45% |
| Q2 2026 | $7.5B | +23% |
| Q1 2026 | $11.1B | +64% |
| Q4 2025 | $6.1B | +13% |
| Q3 2025 | $6.6B | +0.3% |
| Q2 2025 | $6.1B | +11% |
| Q1 2025 | $6.8B | +10% |
| Q4 2024 | $5.4B | -7.1% |
CEG's revenue has grown year over year for seven quarters in a row: $9.6B last quarter, up 45% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 26% | +9.6 points |
| Q2 2026 | 7.7% | -7.9 points |
| Q1 2026 | 21% | +14 points |
| Q4 2025 | 9.8% | -8.2 points |
| Q3 2025 | 17% | -5.9 points |
| Q2 2025 | 16% | -4.5 points |
| Q1 2025 | 6.6% | -6.6 points |
| Q4 2024 | 18% | +19 points |
CEG has the edge over OKLO on profitability, with a higher operating margin.
OKLO Quarterly Revenue
OKLO and CEG do not have enough comparable growth data to identify a winner.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -3816% | N/A |
| Q2 2026 | -6049% | N/A |
CEG has the edge over OKLO on profitability, with a higher operating margin.
CEG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.5B | +71% |
| Q2 2026 | -$118M | -117% |
| Q1 2026 | -$850M | -$151M |
| Q4 2025 | -$181M | +$1.6B |
| Q3 2025 | $1.5B | +$2.1B |
| Q2 2025 | $710M | +$1.9B |
| Q1 2025 | -$699M | +$762M |
| Q4 2024 | -$1.7B | +$2.1B |
CEG has the edge over OKLO on cash generation, producing positive trailing cash flow while its opponent burns cash.
OKLO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$199.5M | -$176.4M |
| Q2 2026 | -$141.7M | -$122.3M |
| Q1 2026 | -$50.7M | -$38.1M |
| Q4 2025 | -$60.4M | -$46.8M |
| Q3 2025 | -$23.1M | -$15.1M |
OKLO has burned cash in almost every quarter: −$452M over the past year, against −$69M the year before.
CEG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -6M shares |
| 1 year | +13% | +41M shares |
| 3 years | +9.6% | +31M shares |
| 5 years | +8.5% | +27.7M shares |
| Available history | +8.4% | +27.3M shares |
CEG has the edge over OKLO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1B |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $400M |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | $500M |
OKLO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7% | +12.4M shares |
| 1 year | +25% | +38.2M shares |
OKLO has 189M diluted shares, up 25% from a year ago.
CEG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.4x | Moderate |
| Q2 2026 | 2.9x | Moderate |
| Q1 2026 | 2.7x | Moderate |
| Q4 2025 | 0.9x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 1.0x | Very low |
| Q1 2025 | 1.0x | Very low |
| Q4 2024 | 0.8x | Very low |
CEG's net debt is about 2.4 years of its operating earnings (EBITDA), up from less than a year a year ago.
OKLO Net Leverage
OKLO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
CEG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.8 | Neutral |
| Stochastic | 37.7 | Neutral |
CEG's weekly RSI is 52 (neutral) and its Stochastic is 38 (neutral).
OKLO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.2 | Neutral |
| Stochastic | 13.1 | Oversold |
OKLO's weekly RSI is 30 (neutral) and its Stochastic is 13 (oversold).
CEG PE vs Utilities Sector
| Metric | CEG | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 20x | 11% above |
| PE % | 11 | 57 | 46 pts below |
CEG is trading at 23x earnings, a 11% premium to the Utilities sector's median of 20x.
OKLO PE vs Utilities Sector
OKLO has no meaningful PE right now: it lost money over the past year.
CEG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $267.3 | 5.6% above |
| 20 week MA | $268.0 | 5.4% above |
| 50 week MA | $288.6 | 2.1% below |
| 100 week MA | $293.3 | 3.7% below |
| 200 week MA | $220.5 | 28% above |
CEG has the edge over OKLO on trend strength, trading above more of its moving averages.
OKLO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.5 | 17% below |
| 20 week MA | $37.4 | 35% below |
| 50 week MA | $56.6 | 57% below |
| 100 week MA | $59.4 | 59% below |
| 200 week MA | $35.2 | 31% below |
OKLO is in a downtrend: it's below all five of its weekly moving averages, and 31% below its 200-week average.
CEG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $46.8 | $88.0 | +88% |
| 2023 | $88.0 | $116.9 | +33% |
| 2024 | $116.9 | $226.5 | +94% |
| 2025 | $226.5 | $360.5 | +59% |
| 2026 YTD | $360.5 | $282.4 | -22% |
CEG has the edge over OKLO on returns for 2026, with the stronger performance.
OKLO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.1 | $9.79 | -2.6% |
| 2022 | $9.79 | $9.88 | +0.9% |
| 2023 | $9.88 | $10.6 | +6.9% |
| 2024 | $10.6 | $22.8 | +116% |
| 2025 | $22.8 | $76.9 | +238% |
| 2026 YTD | $76.9 | $24.5 | -68% |
OKLO is down 68% so far in 2026, after finishing higher in four of the previous five years.