Constellation Energy Group, Inc. (NYSE:CEG)
CAPS Rating:
An energy company that conducts its business through various subsidiaries including a merchant energy business and Baltimore Gas and Electric Company.
An energy company that conducts its business through various subsidiaries including a merchant energy business and Baltimore Gas and Electric Company.
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The company is trading below it's book value, it just cut its debt about a year ago. Earnings are unusually high because of a sale, but only around five times normal which means that if they go back to normal, it should be still undervalued. The book value for the company is $7.8 billion vs. a market cap of 6.22 billion.