May 6, 11:28 AM

Duke, Constellation, SolarEdge Beat Q1; Constellation Up 12%, Vistra 4%, SolarEdge 11%, Calpine Deal Advances

Several major U.S. power utilities reported first-quarter 2025 earnings results, with Duke Energy, Constellation Energy, and SolarEdge Technologies all releasing financial updates that surpassed or closely matched analyst expectations. Duke Energy posted adjusted earnings per share (EPS) of $1.76, exceeding the consensus estimate of $1.60 and marking a 22% increase over the prior year. The company reported revenue of $8.25 billion, above the $7.97 billion estimate, and reaffirmed its full-year 2025 adjusted EPS guidance of $6.17 to $6.42. Duke attributed its strong performance to higher rates, increased demand from cold weather, and constructive rate case outcomes. The company also maintained its long-term adjusted EPS growth target of 5–7%. Duke serves 8.2 million electric utility customers and noted that AI data centers are driving up power demand. Constellation Energy reported adjusted EPS of $2.14, slightly below estimates ranging from $2.16 to $2.18, but up from $1.82 in the same quarter last year. Revenue came in at $6.79 billion, beating estimates between $5.24 billion and $5.44 billion. The company reaffirmed its full-year 2025 adjusted operating EPS guidance of $8.90 to $9.60. Constellation's adjusted net income rose 16% year-over-year to $673 million. The company is progressing with the acquisition of Calpine's gas generation assets, expected to close by year-end, which is projected to be significantly accretive to earnings, adding $2 in EPS and $2 billion in future free cash flow. SolarEdge Technologies reported a first-quarter adjusted EPS of -$1.14, which was better than the estimated -$1.16. Revenue reached $219.5 million, surpassing the $204.2 million estimate. The company provided second-quarter revenue guidance of $265 million to $285 million, above consensus expectations. SolarEdge shares rose over 11% in pre-market trading following the results. American Electric Power also reported first-quarter adjusted EPS of $1.54, beating the $1.40 estimate, and sales of $5.46 billion, above the $5.17 billion estimate. Shares of Constellation Energy rose as much as 12% and Vistra gained 4% following the earnings reports.

#Duke Energy #Constellation Energy #SolarEdge Technologies #Duke #Constellation #Calpine #Revenue #SolarEdge #American Electric Power #Shares

Written with ChatGPT (GPT-4).

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