Constellation Energy prices secondary offering at $281 per share

Constellation Energy Corporation (NASDAQ: CEG) announced the pricing of a secondary public offering of 11 million shares of common stock at $281 per share. The shares are being sold by existing shareholders, with Constellation not selling any shares or receiving proceeds from the transaction.

The offering is expected to close on June 2, 2026, subject to customary closing conditions. Morgan Stanley and J.P. Morgan are serving as underwriters for the transaction.

Constellation has agreed to repurchase 2 million shares from the underwriters at the same price paid to the selling shareholders. The share repurchase will be conducted under the company's existing share repurchase program and is contingent on the closing of the offering.

The underwriters hold a 30-day option to purchase up to an additional 1.35 million shares from the selling shareholders. The offering is being conducted under a registration statement filed with the Securities and Exchange Commission.

Constellation operates as a power producer with 55 gigawatts of capacity from nuclear, natural gas, oil, geothermal, hydro, wind and solar facilities. The company serves approximately 2.5 million customer accounts nationwide.

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