Constellation's value outran its sales
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What the chart shows
An uprate is an upgrade that lets a reactor already running make more electricity. Constellation Energy plans them at 11 units on six sites in Illinois, Pennsylvania and New Jersey, at a cost of US$4.3bn, and on Tuesday it agreed to sell that extra power to Google.
The chart sets the deal against the company's record. Revenue was US$24.4bn in 2022 and US$25.5bn in 2025, with a dip to US$23.6bn in 2024 in between. Its market value at the end of each of those years went from US$28.2bn to US$37.3bn, US$70.0bn and then US$110.3bn.
On 6 October Constellation was valued at US$106.4bn. Revenue and value are drawn in US dollars on one scale, so a year's sales can be read straight against what the company is worth.
The story behind it
Google signed up for nuclear power that doesn't exist yet, and Constellation Energy rose 12.25% Read the edition →Constellation Energy on the calendar
Next results: date to come. It goes on the calendar as soon as Constellation Energy announces it. Economic calendar →The numbers
Revenue by year and market value at each year end, 2022 to 2025 plus 6 October, on one scale. Revenue: US$24.4bn to US$25.5bn; value: US$28.2bn to US$106.4bn.
| US$bn | Market value | |
|---|---|---|
| 2022 | 24.4 | 28.2 |
| 2023 | 24.9 | 37.3 |
| 2024 | 23.6 | 70.0 |
| 2025 | 25.5 | 110.3 |
How we make these charts: one chart a day from a story in the edition, drawn from the figures the story names and checked against the sources named on the chart before it is published. General information only, not financial advice.
