Constellation Energy (CEG) guides initial FY26 EPS between USD 11.00-12.00 (exp. 12.22); increases share buyback authorisation to USD 5.0bln

Constellation Energy's updated guidance for FY26 EPS suggests a slight miss versus expectations, indicating potential growth challenges. However, the increase in the share buyback authorization to $5 billion signals management's confidence in value generation, which may provide support for the stock despite the lowered EPS outlook. Investors should consider the implications for capital allocation and longer-term growth in the utility sector amid evolving market conditions.